12 October 201810:31
Bank of Russia: Mortgages To Grow Cheaper Through Increased Key Rate
UrBC, Moscow, October 12, 2018. The measures the Bank of Russia has been taking to contain inflation (including a recent increase of the key rate) will result in ongoing reduction of interest rates on mortgages, the bank’s head Elvira Nabiullina believes, according to Prime. ‘As for mortgages, the interest rates did go down and reached an all-time low in the middle of summer. And the number of newly issued mortgage loans has been rising fast enough as well. Our analysis findings indicate that this has been happening specifically due to the fact that we keep the inflation in check,’ Nabiullina