The Central Bank of Russia said it expects to raise interest rates on deposits and loans in the coming months. TASS.
“In the coming months, a possible increase in deposit rates after further tightening of the monetary policy, which was implemented in July and is expected in the short term, will support the growth of the population’s ruble funds in banks, all other things being equal.” said the report.
As stated there, we can expect the decision to increase the key interest rate in the near future to have a positive impact on the level of lending rates.
Prior to this, the Central Bank of the Russian Federation decided from August 10 to the end of 2023. buy foreign exchange in the domestic market within the framework of the fiscal rule, the Central Bank explained that this is necessary to reduce the volatility in the financial markets.
The Central Bank of Russia stated that it will decide to restart foreign exchange purchases within the framework of the budget rule, taking into account the actual situation in the financial markets.
former Central Bank increased sharply key rate to 8.5%.