Russian farmers will be able to get preferential loans up to 5% per annum The Russian authorities will provide farmers with loans at a reduced rate. The funds can be used to purchase refrigerators, as well as the production and processing of agricultural raw materials. The corresponding statement at a meeting of the Cabinet was made by Russian Prime Minister Mikhail Mishustin. Thanks to state support, business representatives … Read more

Import substitution will receive a loan // SMEs are promised loans at 3–4.5% per annum

To attract small and medium-sized businesses to import substitution, the authorities are piloting a new program of concessional lending for investment purposes – at only 3% and 4.5% per annum. This tool will be available to companies in the processing, logistics, agricultural processing and hospitality industries. In order to reduce the cost of lending, it … Read more

The US Federal Reserve raised the base interest rate to 2.25-2.5% per annum

The US Federal Reserve System (FRS) raised the base interest rate for the second time in a row – by 0.75%, to 2.25-2.5% per annum. The last time the regulator raised the rate on June 15 was also 0.75%, to 1.5–1.75%. . In support of these goals, the Committee has decided to raise the target … Read more

Key rate returned in February // Central Bank lowered it from 11% to 9.5% per annum

The Central Bank lowered the key rate by 150 basis points to 9.5% per annum. According to the Bank of Russia, inflation and the fall in economic activity turned out to be slightly lower than expected in April. In this regard, the forecast for the growth rate of consumer prices has been improved. Now the … Read more

The Central Bank lowered the key rate to 11% per annum // Infographics

The Central Bank at an unscheduled meeting on May 26 decided to reduce the key rate immediately by 300 basis points to 11% per annum. The latest weekly data indicate a significant slowdown in the current rate of price growth, according to a press release from the Central Bank. The weakening of inflationary pressure is … Read more

The loan is ordered to become cheaper faster // The Bank of Russia lowered the key rate to 11% per annum to support demand

On Thursday, at an extraordinary meeting, the Board of Directors of the Bank of Russia decided to cut the key rate to 11% per annum from May 27. Significant — 300 basis points — the move down by the Central Bank was justified by a slowdown in inflation faster than forecast, the strengthening of the … Read more

Mishustin signed a resolution to reduce the rate on preferential mortgages to 9% per annum

Russian Prime Minister Mikhail Mishustin, on behalf of President Vladimir Putin, signed a resolution to reduce the mortgage rate from 12% to 9% and extend this program until the end of 2022. The document is published on the government website. This initiative will increase the availability of housing for Russian families and support the construction … Read more

Putin proposed to reduce the rate on preferential mortgages to 9% per annum

Russian President Vladimir Putin said that the country’s economy has stabilized, inflation is slowing down, and prices are returning to their previous levels. According to him, the increase in the key rate of the Central Bank was “a reasonable decision.” Now he proposed to take new measures to support citizens and reduce the rate on … Read more