Candidate of Economic Sciences, finance expert Vladimir Grigoriev advised Russians to rush to open bank deposits with high interest rates. He gave this advice during a speech. “Lentoy.ru”.
According to the expert, investors need to hurry because the market has expectations for a cut in the interest rate.
“The business world has a demand, of course it affects the government,” he continued.
As the expert notes, decisions on key interest rates in Russia are made not only by the Central Bank, but the regulator cannot ignore the government’s opinion, “so there is an expectation of a reduction.” He also said the decline in deposit rates “could be deeper” if the interest rate changes.
Grigoriev also said that short-term deposits with higher interest rates for up to six months will now be more profitable.
The Central Bank of the Russian Federation kept its key interest rate at 16% annually after five consecutive increases at its February meeting. The decision came in line with consensus estimates. What could be the next steps of the Bank of Russia and what will happen to the ruble exchange rate and deposit and loan rates? In the material “socialbites.ca”.
Russians before saidWhat happens if you don’t withdraw your deposit on time?