More than half (53 percent) of Russians surveyed believe that the interest rate of the Central Bank of the Russian Federation will remain unchanged until March 2024. Another 24% of respondents expect it to increase within 100 basis points, from 16% to 17%. This is the result of a survey by online alternative lending service Moneyman. socialbites.ca has its results.
12 percent of respondents expect an increase in interest rates by more than 100 basis points. 6 percent of those surveyed expect this to decrease. The remaining 5% had difficulty answering.
46% of respondents reported increased interest in the key rate in the past two years. The remaining 54% did not show an increase in interest in the key interest rate during this period.
Those more interested in the key interest rate were asked to give reasons for their increased interest. Of these, 31% reported that they planned to open deposits. The reason for 28% was to get a loan, and 16% was to withdraw the existing deposit and open a new deposit under more favorable conditions. The remaining 25% stated other reasons.
“The increased interest in the key interest rate is understandable because the size of the interest directly or indirectly affects many areas of citizens’ lives. As the survey shows, interest is primarily due to the impact on the opportunity to earn money thanks to favorable conditions for deposits or to use loan funds on terms acceptable to oneself,” noted the Moneyman press service.
The meetings of the Central Bank Board of Directors regarding the key interest rate will be held on February 16 and March 22, 2024.
The survey was conducted between January 15 and January 21, 2024. The event was attended by 1,500 people aged 18 to 60 living throughout Russia.
Previously “socialbites.ca” saidWhat to expect from the Central Bank in 2024?