Global and Russian financial markets in 2024

Alexander Abramov, Alexander Radygin and Maria Chernova
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Alexander Abramov: RANEPA
Alexander Radygin: Gaidar Institute for Economic Policy
Maria Chernova: RANEPA

Published Papers from Gaidar Institute for Economic Policy

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%.

Keywords: Russian economy; stock market; bond market; corporate bond market; derivatives market; private investors (search for similar items in EconPapers)
JEL-codes: G01 G12 G18 G21 G24 G28 G32 G33 (search for similar items in EconPapers)
Pages: 108 pages
Date: 2025, Revised 2025
New Economics Papers: this item is included in nep-cis, nep-cna, nep-mac and nep-mon
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https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2025-1406.pdf Revised Version, 2025 (application/pdf)

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