Russian banks reduce deposit interest rates for citizens for two reasons: speech Former Deputy Minister of Economy, Doctor of Economic Sciences Alexey Vedev was elected for the publication “Paragraph”.
“First of all, the Central Bank did not change the interest rate before the new year. Banks’ expectations that money would become more expensive did not come true. Second, the immutability of the “key” affected the bond market. The economist noted that the price of both short and long federal loan bonds fell.
In other words, financial institutions do not want to fall into the red because they have liabilities that are more expensive than assets, thus reducing the return on deposits for Russians, the expert concluded.
In January and O. Head of the Department of Global Financial Markets and Fintech at the Russian University of Economics. GV Plekhanova Svetlana Frumina reportedAlthough inflation continues to rise in January, the Central Bank may maintain or even reduce the key interest rate when the regulator’s board of directors meets in February.
Previously at the Central Bank saidThis is the time when annual inflation peaks.