Large Russian banks began to reduce interest rates on deposits and savings accounts. How did you find? “News”, The return on short-term deposits decreased by 0.2-0.7 percentage points.
Conditions at at least four credit institutions have worsened in the last two weeks. Although the Central Bank’s key interest rate remains at 16 per cent, the regulator has made clear that its peaks have passed. Experts predict that in the second half of the year, the main indicator will drop to 12-13 percent, followed by adjustments in bank interest rates.
According to the comparison service, deposit rates fell by 0.2-0.7 percentage points during the week. Most often this applies to deposits of 3-6 months. The decline in long-term deposits is not yet that pronounced. Among the banks whose conditions have worsened are MKB, Home Bank, Rosbank and Renaissance Bank.
Expert Evan Golovanov associates the interest rate cut with the Central Bank’s intention to gradually loosen monetary policy. He predicts that in the decline, this rate will no longer be above 14%. Golovanov recommends paying attention to OFZs and foreign exchange instruments.
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