Popov commented on the decision of the Central Bank to reduce the key rate
. TV presenter Yevgeny Popov commented on the Central Bank reducing the key rate to a historic low.
Previously, the regulator decided to lower the rate to 4.25 percent per annum. Also, the Central Bank allowed a further reduction, this will depend on the dynamics of inflation and economic situation. The ruble then fell slightly.
"That I do not understand logic. If the Central Bank rate is 4 percent, why the mortgage is 8 percent? If the banks make 6% is their profit will not grow because of the volume?" — posted by Popov in the Telegram.
Key rate — the minimum interest rate at which the Bank of Russia lends to commercial banks and which is ready to accept deposits. Its size affects the rate of inflation.