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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.

The experts gave their forecast of interest rates on deposits by year-end

Russian banks this year will continue to reduce interest rates on ruble deposits by the end of the year the average maximum rate will fall to 4% or even lower, expect to be interviewed by RIA Novosti experts and credit institutions.

Average maximum rate on deposits of ten Russian banks attracting the largest volume of deposits of physical persons in rubles, reduced from the beginning of the year. In early January she was 5.93%, and up to the second decade of July fell to a record low of 4.55%. This is largely due to the reduction of the key rate, which is currently at a historic low of 4.5%.

The G20 by October will prepare a plan for the accessibility of cross-border payments

Finance Ministers and Central Bank governors of the "group of 20" at the last Saturday meeting agreed in October to prepare a plan for improving the efficiency, speed and availability of cross-border payments, said the Bank of Russia.

"Another topic of the agenda, which is particularly relevant in the current environment, cross-border payments. It is expected that by the next meeting in October 2020, will be prepared an action plan for improving their efficiency, speed and accessibility," said in a commentary.

Experts said the impact on the ruble exchange rate reduction of the key rate

Expected on 24 July, the reduction of the key rate of the Central Bank will have little impact on the exchange rate, however, the comments of the regulator on the prospects for monetary policy will be the main reference point for exchange rate dynamics, according to respondents RIA Novosti experts.

At the next meeting of the Board of Directors of the Bank of Russia July 24, we expect another reduction of the key rate from the current 4.5% per annum, to which the indicator came last June - a meeting of the Board of Directors. Then the rate was reduced from 1 percentage point for the first time in five years to a historic low.

The Finance Ministry said about the lack of risks to debt stability in Russia

The Finance Ministry currently sees no risk of loss of debt sustainability Russia, said the Director of the Department of state debt and state financial assets of the Ministry Konstantin vyshkovsky.

The head of the Department added that the Ministry of Finance pays close attention to the cost of borrowing and distribution of the debt burden over the years.

Central Bank expects a continued rise in the annual inflation rate

The Bank of Russia still expects a further gradual increase in annual inflation to the end of the year due to the exit of the calculation of the low values of the second half of 2019, according to the information-analytical comments of the regulator.

According to Rosstat, the annual inflation in June accelerated to 3.2% in may to 3% in April, the indicator stood at 3.1%,

Russian banks have offered to provide data fraud victims

The Association of Russian banks (ADB) proposes to freeze at 25 days received a potential Scam transfers, and to transfer their personal data to their victims, to have been more likely to return the stolen funds to the bill, which is available to RIA Novosti.

In February, the Central Bank said that banks return to Russia only every seventh ruble, translated without their consent, that is, 15% of the total amount stolen. The low level of compensation is related to the fact that many of the clients themselves give information to scammers who use social engineering techniques. And if the client is compromised the data card or remote banking service, the Bank has the right by law not to return him the money.

Deputies plan to propose Nabiullina extend the mortgage at 6.5%

Deputies of the state Duma on Tuesday plan to propose to the head of the Bank of Russia Elvira Nabiullina to support the extension of preferential mortgage at 6.5% for new buildings by 2021 the whole, reported RIA Novosti head of the Committee on financial market Anatoly Aksakov.

The state Duma on June 23 plans to hear a report Nabiullina on the work of the regulator at the end of last year.

Titov asked mishustina to change the condition of the state program loans

Authorized under the President of Russia for entrepreneurs ' rights protection Boris Titov asked the Prime Minister of Russia Mikhail mishustina to adjust one of the conditions of obtaining the loan at 2% under the state program of support of employment, namely the preservation of the number of employees. Letter of the Ombudsman is available to RIA Novosti.

One of the conditions for obtaining such a loan is the preservation of company number of employees at the level of 80-90% in a period reminiscent of Titov in the letter. He indicates that to assess the conservation of the number of employees used these forms of "Information on insured persons" (SCB-M). It takes into account all the involved persons for whom premiums are paid, including on the basis of contracts grazhdansko-legal character, without division into categories.

Economists praised the reduction in Central Bank key rate

The Bank of Russia on Friday to support the economy and stimulate demand, lowered the key rate by 1 percentage point and led her to a new historic low of 4.5%. After such a "generous" step, the regulator does not rule out the possibility that at the next meeting can take a break - everything will depend on the situation. Yet one thing is clear: such moves from the Central Bank while more should be expected, the regulator still prefers a neat solution.

"We will continue to assess the feasibility of additional mitigation measures our monetary policy to lower the rate. However, you know in General our approach: to move gradually, carefully, keeping track of all effects by analyzing all incoming information, so of course, we do not believe today's adopted step as a standard step," - said the head of the Central Bank Elvira Nabiullina.

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