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

The head of the Central Bank of Russia, Elvira Nabiullina, said that the loan rate has become more than 21% per year. This is done to combat inflation. If this does not work out, the bet may become even higher. This will affect the cost of loans and deposits. Loans will become more expensive, and deposits will become more profitable.

According to Nabiullina, prices are rising because people have a lot of money. The regulator speaks strictly. Nabiullina said that the rate could be increased again before the end of the year. This depends on how much the Central Bank’s goal of 4% inflation in 2024 is achieved.

Experts believe that deposit rates are already almost the highest. The key rate is also at its maximum and may begin to decrease in the second half of 2024. In such a situation, banks raise money for a short time. This determines deposit rates and…