Representatives of small and medium enterprises in Russia will face difficulties in connection with the decision of the Central Bank of Russia to increase the key rate. About this “Public News Service” said Vasily Koltashov, head of the Center for Political-Economic Studies of the New Society Institute.
“Deposits are becoming more expensive, that is, more profitable, which is important primarily for those who will withdraw money from the currency against the backdrop of a strengthening ruble. <…>. At the same time, the loan becomes more expensive. This will cause difficulties for small and medium-sized businesses, difficulties for mortgage lenders, especially new ones, ”explained the economist.
But according to him, at the same time, pressure will be put on the inflated prices in the real estate market in the country. At the same time, Koltashov stated that the decision to increase the rate will not affect the Russian national currency.
On August 15, the Bank of Russia raised the key rate from 8.5% to 12% per annum, the regulator’s decision aims to return inflation to 4% in 2024 and further stability, transmitted “Moscow 24”.
After that, VTB and Post Bank decided to upgrade savings rates.
former head of the central bank saidhow a sharp increase in the key rate can affect the ruble exchange rate.