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.
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%.
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.
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 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.
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%,
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 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.
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.
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.
Authorized under the RF President on protection of entrepreneurs ' rights Boris Titov asked the head of the Central Bank Elvira Nabiullina to increase the limits of the state program of loans at 2% to support employment and to make them more accessible to business. Letter of the Ombudsman is available to RIA Novosti.
The head of the Central Bank Elvira Nabiullina earlier in June said that the demand for loans at 2% to support employment is likely to exceed the limits of banks, so the question of their increase is justified, and the controller is ready to discuss it with the government. The President of "OPORA Russia" Alexander Kalinin believes that the limit should increase for at least another 400 billion roubles. On Tuesday, Sberbank said that his limit for the state program increased the amount of 70 billion rubles.
The Russian economy is the favorable development of the situation will come to the pre-crisis growth rate in the middle of next year, in the baseline scenario in the beginning of 2022, said in an interview with RIA Novosti General Director of rating Agency "Expert RA" Sergey Tishchenko.
According to Rosstat, the Russian economy grew by 2019 1.3%.
The decline of the Russian economy this year will amount to 4.2%, with good development of the situation in the second half of the fall can be less than 3%, said in an interview with RIA Novosti General Director of rating Agency "Expert RA" Sergey Tishchenko.
It's optimistic forecasts, the Russian financial authorities. The official forecast of Ministry of economic development involves the reduction of Russia's GDP in 2020 to 5%. The Bank of Russia expects the economic downturn of the country in 2020 in the range of 4-6%. The head of the Central Bank Elvira Nabiullina said that does not rule out a decline of Russia's GDP in the second quarter is stronger than 8%.
CBR will continue to sell the currency on the market in accordance with the budget rule and on the basis of instructions of the Ministry of Finance, and will return to buy when the conditions are appropriate, said the head of the Central Bank Elvira Nabiullina during a regular press conference on Friday.
The Bank of Russia makes foreign exchange transactions on behalf of the Ministry of Finance: the budget rule in the oil price above the upper limit cut-off (in 2020 is at 42.4 per barrel) the additional revenues of the budget is allocated for purchase of foreign currency and translated into the Bank accounts of Russia for the subsequent transfer to FNB. In cases when the price of oil is below a prescribed rule level
The Bank of Russia does not expect a rapid economic recovery after the recession due to the coronavirus, said during an online press conference, the head of the Bank of Russia Elvira Nabiullina.
"I think V-scenario is not very realistic, L also means some very long stagnation, but rather will be somewhere in between. We do not expect a quick recovery, because the question is not only how quickly demand recovers, both external and internal will be supported, but still a lot of uncertainty from the point of view of supply," - said the head of the regulator.
Director for analysis of financial markets and macroeconomics UK "Alfa-Capital" Vladimir Bragin questioned the realism of the prognosis for growth of the dollar to 90 rubles, the opinion he expressed in an interview with RBC.
Previously, the Center for macroeconomic analysis and short-term forecasting (CMASF) published a forecast that the dollar may rise to 90 rubles in the case that the world will begin a second outbreak of the coronavirus and the authorities will again have to enter the appropriate constraints.