The expected increase in the Central Bank's key rate in July is unlikely to have a significant impact on market lending.
It's already compressed enough.
Head of the expert analytics department at Banki.ru, Inna Soldatenkova, told the Prime agency about this.
She explained that the average rate on unsecured loans is 22.5 percent.
“This is a high value,” the expert believes.
Therefore, the Bank of Russia's decision in July will not have a significant impact on rates.
Soldatenkova emphasized that changes are possible in the event of a stress scenario with an increase in the rate to 20 percent or higher.
Previously, Russians were allowed to independently sell property pledged under a mortgage .
Author: Elena Gutyro
