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Experts: the average annual price of gold will grow by more than 20%

The average annual price of gold in 2020 will grow by more than 20%, according to a review of the National rating Agency (NRA), which is available to RIA Novosti.

Gold is one of the traditional defensive assets in times of economic instability, experts remind. The current difficulties were no exception: the price of gold by the summer peaked in 2012, up 14% from the beginning of the year amid falling prices of other assets (e.g., Dow Jones industrial average over this time decreased by 12%).

The Central Bank has said it is unusually high for recent years the demand for cash

The Bank of Russia said unusually high for recent years in Russia the demand for cash, it follows from the information-analytical review of the Central Bank "Liquidity of the banking sector and money market."

"Under the influence of a temporary increase in uncertainty about the prospects for the development of the macroeconomic situation in the context of pandemic coronavirus has significantly increased the value of deposits. For this reason, remained unusually high for recent years, the demand for cash", - stated in the materials.

Study: leasing market in Russia could be reduced by 30-50%

The leasing market in Russia could be reduced by 30-50% for the year on the background of the crisis and stop the number of plants in the first and second quarters due to pandemic coronavirus, according to a review of the National rating Agency (NRA), which is available to RIA Novosti.

Analysts predict a decline in the share of leasing in GDP by the end of 2020, by analogy with the crisis of 2008-2009 and 2014-2015 years, when the reduction of this macroparasites 7.8% and 2% respectively, the share of leasing it decreased to 0.5-1%. "According to forecasts of the NRA, the decline in GDP in 2020 may reach 4-6%, thus, on the background of reduction of investments into fixed capital can expect compression of the market of leasing of 30-50%," - stated in the materials.

Russian banks record a recovery in demand for POS loans

Russian banks record a gradual recovery in demand for POS loans (issued directly to retail outlets - ed.) but overall, the market has not returned to the previous year, according to a survey by RIA Novosti among banks, as well as materials for credit institutions.

According to him, the recovery will due to deferred customer demand and the General fall of income in connection with a reduction in wages or job loss. But overall market is still not back to last year, he added.

Central Bank resumes inspections of banks

The Bank of Russia from July 1 to resume inspections of credit institutions, which was suspended in March, follows from the message of the regulator.

CB due to the spread of coronavirus and transition most employees to a remote mode of operation has taken a decision to postpone for a period after July 1, scheduled inspections of banks, and suspended till July 1, preventive activities behavioral supervision. These measures were taken in order to reduce the risk of contamination and not to create additional operational burden on financial institutions.