Russia Keeps Key Rate at 14%
The Central Bank of Russia decided to keep the key rate at 14% per annum.
Consensus
- The Central Bank of Russia maintained the key interest rate at 14% per year.
- The decision to keep the key rate unchanged was expected.
- Financial expert Petr Shcherbachenko advised Russians to open deposits and delay credit-taking.
- Shcherbachenko recommended avoiding large purchases until December or 2027.
- Deposit interest rates in the ten largest banks are in the range of 11.75% to 13%.
- The average maximum deposit rate is around 12.95%.
Points of divergence
- Pension Platform CEO Dmitry Malkin stated that high bank deposit interest rates may lead to reduced or denied social support measures for pensioners. — vesti
- The Central Bank of Russia's statement confirmed the unchanged key rate, with no additional commentary provided. — m24
Coverage (4 sources)
- Financier gave advice to Russians on what to do when the key rate is maintained — Вести
- Central Bank of Russia decided to keep key rate at 14% annual. — ТАСС (Telegram)
- Central Bank of Russia decided to keep key rate at 14% annual. — ТАСС (Telegram)
- Central Bank kept key rate at 14% annual — Москва 24
Key entities
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