VTB predicted a peak in deposit rates

Deposit rates in Russia will peak in the coming winter. Now the average maximum rates at major banks have already exceeded 20%, and by the end of the year they could reach 21-22%. Next year, banks will no longer raise rates as significantly. This was stated by Deputy President and Chairman of the Board of VTB Georgy Gorshkov on the eve of the 15th VTB Investment Forum “RUSSIA CALLING!”

Throughout 2024, deposit rates in Russia remain at the maximum level, which is due to the record key rate. According to VTB analysts, the current inflation rate remains high, and if the situation does not change fundamentally, the regulator may further tighten monetary policy and raise the rate to 23% at the end of December. Banks will respond to…