Russians’ expectations regarding the interest rate have been revealed 06:03

Half of Russians surveyed (48%) expect the Central Bank to keep the annual interest rate at 16% on June 7. 32 percent expect an increase in interest rates. This is the result of a survey by online alternative lending service Moneyman.

Of the one-third who are confident that the interest rate will increase, 24% expect the interest rate to increase by 100 basis points to 17%. 8 percent expect an increase of more than 100 basis points in the key interest rate. While only 7 percent believed that the rate would be reduced, the remaining 13 percent had difficulty in responding.

At the same time, 52% of survey respondents stated that they are generally more interested in the key interest level in 2024 than last year. One quarter (26%)’s interest rate remained unchanged, while 12%’s interest rate decreased. The remaining 10% had difficulty answering.

“The increased interest in the key interest rate is largely due to the fact that credit costs are tied to it. The demand for these continues; citizens still need to fulfill fiscal duties in the context of current inflation levels and income growth rates. Moneyman CEO Alexander Pustovit also stated that the interest of those who have funds to invest in bank deposits, whose profitability is also affected by the key interest rate, is increasing.

The survey was conducted between May 21 and June 4, 2024. 3 thousand people aged 18-60 living across Russia participated.

Previously “socialbites.ca” saidWhat will be the deposit, loan and ruble exchange rate after the Central Bank’s key interest rate decision?

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Source: Gazeta

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