The fact that the Central Bank keeps the key interest rate relatively high does not encourage citizens to use various types of loans, including mortgages. With the current bar of 7.5% per annum, the Russian economy will not switch to active growth, opens The words of Yevgeny Fedorov, member of the State Duma Committee on Budget and Taxes, radio station “Moscow Speaks”.
March 17 Central Bank of Russia was recorded 7.5% annual key rate for the fourth consecutive year. The leadership of the currency regulator explained its decision, among other things, by lowering the Russians’ inflationary expectations.
“Stupid is the high interest rate the Central Bank keeps. There is a certain problem. But first of all, citizens want to live normally, and our housing standards, for example, are twice as low as in Germany. People want to live well so that there is room for children, families develop, ”said Fyodorov.
On the contrary, the high interest rates in housing loan payments reduce the level of interest of citizens in various mortgage programs. At the same time, with the key rate being at a similar level, the Deputy, who stated that the total debt of those who used housing loans before, increased as well, continued his words as follows:
March 31, member of the State Duma Committee on Budget and Taxes Yevgeny Fedorov He insisted Russian banks will issue interest-free mortgages to “rake” the Russian economy. As an example, the MP cited Denmark, where mortgages are issued, including negative interest rates. Thanks to this application, local banks contribute to the development of not only the construction sector, but also the entire economy by encouraging the citizens of Scandinavian countries to buy new housing more actively.