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Biser Varchev on NovaNews Tv – Thoughts on the current market and the banking crisis

“Investor Biser Varchev says that the rise in interest rates has a good effect as a lowering factor of inflation /banking crisis, restricted lending, reduced consumption = lower inflation/.

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A record increase in the demand for gold is reported all over the world. Central banks have increased purchases, acquiring 1,136 tonnes over the past 12 months. This is over 2 times more than in 2021.

The investor Biser Varchev says that the rise in interest rates has a good effect on the banks. “Even tomorrow, interest rates are expected to rise by 0.25%, but with a 50% probability of growth. There is between 50 and 70% probability that the interest rate will not increase tomorrow. Our economy is the size of a German city, the banking crisis it will not affect us. However, this is how inflation is controlled because of the limitation of consumption.”

NovaNews Tv

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