The head of the Central Bank warned Russians with deposits and loans

The head of the Central Bank of Russia, Elvira Nabiullina, announced an increase in the loan rate, which now amounts to more than 21% per annum. This decision was made to curb inflation. If the set goal is not achieved, the rate may be increased.

According to Nabiullina, the rise in prices is due to an increase in the volume of money supply among the population. The regulator takes a strict position. The head of the Central Bank also noted that during the current year the rate may be raised again. The decision will depend on achieving the Central Bank’s goal of reducing inflation to 4% by 2024.

Experts note that deposit rates are already at their maximum level. The key rate has also reached its maximum and may begin to decline in the second half of 2024. In such a situation, banks…