The Central Bank of Russia is not satisfied with the various risky mortgage schemes and is ready to take decisions on this issue. This was stated by the head of the Central Bank, Elvira Nabiullina, at a press conference. TASS.
“As for the various mortgage plans from the developers, the cash-back tranche mortgages, we are definitely not happy with these plans, “who knows what”, as you say, I agree with that. We don’t just follow this system, [но] and we are ready to make a decision on this, ”quotes the agency Nabiullina.
As the head of the Central Bank said, the regulator is noting an increase in the share of low-down payment mortgages and loans to people with high debt burdens, including those “you’ll have to pay.” 80% of your income is to serve the loan.” This is also a potentially risky system, he noted.
Nabiullina stressed that the Central Bank will fight all dubious schemes “where people pay from their wallets”, and if they multiply, the regulator will propose to the State Duma that such mortgage schemes are possible only under strictly defined laws.
The Chairman of the Central Bank of Russia at the press conference reported On the possibility of increasing the key rate to reduce the price increase in 2023.