Key rate already 16%: that will be with deposits and credits

Central bank Russian Federation (Bank Russia) on the last this year planned meeting raised a key rate to 16%. Banks were ready to such decision: the largest of them already declared increase of rates on deposits and savings accounts to level key or are slightly higher. Banks still have a space for maneuver on increase of profitability of deposits, and rates on credits in some segments, for example in a mortgage, actually protecting, experts On the last in 2023 planned meeting on a key rate tell Central bank Russian Federation (Bank Russia) made the decision to raise it on 1 pct, to 16%. According to Central Bank chapter Central bank Russian Federation (Bank Russia) Elvira Nabiullina...