Despite the increase in loan interest rates, the volume of lending to Russians is growing in all areas and especially in mortgages. Even after the key interest rate is increased to 8.5%, the cost of personal loan is likely to increase, aforementioned Anatoly Aksakov, Chairman of the State Duma Financial Markets Committee, in an interview with the Parliamentary Newspaper.
According to him, consumer behavior can be explained by the real estate market experiencing an increase in supply and also by the existence of preferential mortgage programs.
“The third factor is people’s desire to save money, including investing their savings in real estate, thereby protecting them from depreciation,” Aksakov said.
At the same time, according to him, the mass desire of the Russians to save money by taking out loans will not lead to the emergence of a credit bubble.
“The Central Bank is following the situation closely. “One of the reasons for raising the key interest rate is precisely to prevent a credit bubble from forming.”
At the Central Bank of Russia on August 9 reportedThose who expect higher rates on deposits and loans in the coming months.
Previously, it was known that the Central Bank. decided Do not buy foreign currency within the framework of the budget rule until the end of the year.