Sberbank of Russia plans to reduce interest rates on loans and deposits from May 15.
This decision in the bank is explained by the fact that the Central Bank lowered the rate on deposits. Recall it happened on April 30.
“We will lower all bets. We have already reduced the part since May 1, and we will reduce the part since May 15 - both on deposits and on loans, ”said the head of Sberbank German Gref. Earlier, in March, Sberbank had already lowered consumer loan rates. At the same time, another large Russian bank, VTB, plans to lower the rates on corporate loans, while Gazprombank has reduced rates on ruble deposits since May 1.

German Gref: "We will lower all bets"German Gref: "We will lower all bets"
The editors of uznayvse.ru remind that in December last year, due to the sharp collapse of the ruble exchange rate, the Central Bank raised the key rate immediately to 17 percent. It was assumed that this will lead to a decrease in consumer activity of Russians. After the New Year, the Bank of Russia concluded that the measure had worked, and that the rate should be lowered.

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