If the interest rate is raised at the next meeting of the Central Bank of Russia, scheduled for July 26, the conditions for mortgages and deposits in Russian banks will change. About this “Moscow 24” It has been said Georgiy Ostapkovich, Director of the Market Research Center of the Institute of Statistics Research and Knowledge Economy of the National Research University Higher School of Economics.
According to him, in this case, deposit rates can reach 20%, and mortgage interest rates can reach 22-23%. The expert also explained that previously signed agreements are unlikely to change.
“As a rule, most of them are issued at the rate valid on the date of registration, that is, they do not change. It happens that the conditions are determined by a variable rate, depending on the dynamics of the key rate. But these are rare events,” Ostapkovich emphasized.
The economist also added that the Central Bank could increase interest rates to reduce inflation. If successful, the expert concluded, the cost of goods and services in the country would fall and citizens’ ability to pay their debts would increase.
Analysts and economists previously interviewed by socialbites.ca spokeThe Central Bank said at its meeting on July 26 that it will raise interest rates from 16% to 17%, or 18% annually. Most called raising interest rates to 18% the most likely scenario. According to experts, the Central Bank’s decision will lead to an increase in deposit and loan interest rates, and will also support the ruble in the medium term. Read more in our material.
Former head of a Russian bank accepted increasing the interest rate to 18%.
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Source: Gazeta
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