Nabiullina expects an increase in deposit rates

Interest rates on deposits in Russia will grow and will again begin to “steadily cover inflation,” said the chairman of the Central Bank Elvira Nabiullina. At the presidium of the United Russia faction in the State Duma, she said that Russian banks had already restructured loans worth more than 7 trillion rubles.

“The return of our policy to a neutral level will raise the rates on deposits, which decreased last year. They will again steadily cover inflation. And we see how important this problem is, including for pensioners who keep their savings in banks, ”said the head of the Central Bank (quoted from Prime).

The growth of mortgages and interest rates on deposits took place after another increase by the Bank of Russia of the key rate: in April, the Board of Directors of the Central Bank raised the key rate by 0.5 percentage points, to 5%. According to experts, by the end of the year, rates may rise by another 1-1.5 percentage points, that is, they will provide more than 6% per annum.

What to look for when choosing deposits – read in the material “Kommersant” “The rates are going uphill.”

Leave a Reply

Your email address will not be published. Required fields are marked *