Sberbank increased mortgage rates

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Rates in the Russian economy gradually started to grow. At the meeting on 14 September the Bank of Russia raised its key interest rate by 0.25% to 7.5%. Over the past month, banks even a little, but raised the rates on loans and deposits. Today, 22 October, to raise mortgage rates by 0.4% announced “savings.” “Sberbank” – one of the main players in the Russian mortgage market, so in the coming months, mortgage rates can rise and other banks.
At the next meeting of the Central Bank of the Russian Federation on Friday, October 26, we expect that the rate will remain at the current level. However, next year the interest rate is quite possible, given the prevailing foreign policy pressure on Russia, and the probable acceleration of inflation. Accordingly, interest rates on loans and mortgages in the Russian banks also continue to rise.
Roman Tkachuk,
Senior analyst,