°

Latest News - #Alexander Bakhtin (economist)

Estimated possible reduction in interest rates on mortgages in Russia

Average mortgage rate in Russia may drop down to 6.2 percent by year-end, said RT investment strategist "BKS the Prime Minister" Alexander Bakhtin.

He commented on the reduction of the key rate by the Bank of Russia to a record low for the entire post-Soviet period level of 4.25 per cent.