The Central Bank rate will become prohibitive: we are expecting super-expensive loans and mortgages

In July, the Bank of Russia may raise the key rate to 17% or even 18%. It currently remains at 16%, while the Central Bank allows for a significant upward adjustment. NEWS.ru will tell you how the next rate increase will affect deposits, loans and mortgages.

What the Bank of Russia says

In July, the Central Bank will discuss raising the key rate to 17-18% per annum, said Deputy Chairman of the regulator Alexey Zabotkin on the air of the Russia 24 TV channel. “Most likely, these alternatives will be on the table at the July meeting, whether they will need to be expanded will depend on the incoming data,” Zabotkin specified.

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Let us recall that on June 7, the Central Bank kept the key rate at 16% (this percentage has been maintained since mid-December). At the same time, the head of the Central Bank, Elvira Nabiullina, allowed for its significant increase in the future.

The next meeting of the Bank of Russia’s board of directors, at which the issue of the key rate level will be considered, will take place on July 26.

Ahmed Jubayer

My Name Is Ahmed Jubayer.I am 23 Years Old.I Live In Bangladesh. I am a Student Of A Government University. I am A Part-time Worker.I am a Online Reporter.its my Profession.I Work Here Regularly.

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