One in five Russians surveyed postponed decisions on large purchases in conditions of high interest rates. Experts from the financial market “Vyberu.ru” came to this conclusion after analyzing data from a survey of 3 thousand users over 18 years old. socialbites.ca has a copy
21% of respondents admitted that they are choosing to postpone big expenses, even though their spending has not changed yet. One third of the participants stated that they cut their spending due to rising prices. At the same time, 17% stated that they used high deposit interest rates to increase savings.
Another 12% of respondents began planning their budgets more carefully. Spending has increased by 10%, which shows that they haven’t saved money yet. For 7% of respondents, the situation remains unchanged in terms of personal finance management.
“With the tightening monetary policy and high interest rates on loans, users of financial products, as a rule, are more careful when issuing new debt obligations and switch to a savings behavior model,” said Yaroslav Bajurak, general director of Vyberu.ru.
However, he noted that consumer activity remains positive due to the development of import substitution and demand for domestic brands.
Analysts before this saw There are signs that the business environment in Russia is improving.
Formerly Central Bank appreciated Price increase rate in Russia.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.