deposits

Gref announced a sharp reduction in Russians' "mattress-pillow" savings

The savings of Russians, kept under their mattresses and pillows, have sharply decreased and have flowed into deposits.

Elena Gutyro saving German Gref currency Sberbank Economy 6 December 2024

Central Bank of the Russian Federation: Banks are now ready to pay high interest rates on deposits

Russian banks are ready to offer Russians attractive interest rates on long-term deposits.

Elena Gutyro bank deposits banks Central Bank of Russia Economy 30 November 2024

Russia concerned about influx of business money into deposits instead of investments

Due to the high key rate, companies in Russia prefer to save money on deposits rather than invest in the economy.

Elena Gutyro investment business key rate of the Central Bank Economy 11 November 2024