Vitaly Mutko, Director General of the DOM.RF Housing Development Finance Institute, said that if the Central Bank raises the key interest rate, the government will subsidize its mortgage programs more. He reported that TASS During a study trip to Kazan.
“If this (key rate – an increase in socialbites.ca) happens, the market rate will definitely increase,” he said, adding that the increase would be “insignificant”.
According to him, 40% of mortgages in Russia are subsidized by the state. We’re talking about family and preferential mortgages, he stressed. “The rate here will remain at the same level. It’s just that the state will have to subsidize more,” Mutko said.
Central Bank Governor Elvira Nabiullina did not rule out the possibility of increasing the key rate on the sidelines of the Financial Congress of the Central Bank of Russia. On June 28, Aleksey Zabotkin, Deputy Governor of the Bank of Russia, gave a signal about the growth of the indicator.
How thinks Alexander Losev, member of the Foreign and Defense Policy Council Presidency, said that the Central Bank’s increase in key interest rates on July 21 will burden the budget and hit the Russian economy.
former Central Bank declaration about a possible increase in key rate.