Template-Type: ReDIF-Paper 1.0
Author-Name: Alexander Abramov
Author-Name-First: Alexander
Author-Name-Last: Abramov
Author-Workplace-Name: RANEPA
Author-Name: Alexander Radygin
Author-Name-First: Alexander
Author-Name-Last: Radygin
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Maria Chernova
Author-Name-First: Maria
Author-Name-Last: Chernova
Author-Workplace-Name: RANEPA
Title: Global and Russian financial markets in 2024
Abstract: Between 2023 and 2024, global financial markets recovered from the 2022 downturn amid expectations of declining central bank interest rates, slowing inflation, and market actors’ confidence that major economies escaped recession. Completion oftheUS presidential election, removing uncertainties in expectations of the country’s future economic course, had an important stabilizing effect on financial markets in 2024. After the FRS top discount rate rose from 0.25% in March 2021to 5.0% in March 2023, causing a shock in the markets of almost all investment assets in the USA, it fell to 4.5% in December 2024. The ECB refinancing rate, after rising from 0% to 4.5% from June 2022 to October 2023, has fallen to 3.15% in December 2024 and 2.65% in March 2025. In 2024, China adopted a series of measures to ease monetary policy and support financial market, its economy maintained steady growth at 5%.
Classification-JEL: G01, G12, G18, G21, G24, G28, G32, G33
Keywords: Russian economy, stock market, bond market, corporate bond market, derivatives market, private investors
Creation-Date: 2025
Revision-Date: 2025
Length: 108 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2025-1406.pdf
File-Format: application/pdf
File-Function: Revised Version, 2025
Handle: RePEc:gai:ppaper:ppaper-2025-1406