The key rate of the Central Bank of Russia (KBR RF) is one of the most important economic indicators that affect the life of the population. In the article, we tell you what it depends on and what changes we can expect by the end of 2024.
What is the key rate?
The key rate is the main instrument of influence of the Central Bank on the financial market. At this percentage the Central Bank issues loans to commercial banks. Based on this, banks form the interest rate on their products - loans and deposits.
The Central Bank changes the rate depending on the economic vietnam mobile database situation and its objectives. If it is necessary to increase the value of the ruble on the domestic market, the KS increases. If it is necessary to stimulate the economy, this indicator is reduced.
What does the key rate affect?
The increase and decrease of the Central Bank of Russia rate affects many processes and areas of the financial market. Among them:
Lending. When the KS increases, interest rates on loans also increase. Banks cannot issue loans at rates lower than the KS, because they themselves are credited at the Central Bank interest rate. Expensive loans lead to the fact that demand for them decreases both among the population and among companies.
Bank ruble deposits . Interest on deposits also goes up when the key rate increases, down when it decreases: on average, they are slightly lower than the KS. The population is more willing to invest savings when the rate is high. When it is low, the attractiveness of deposits falls, but the popularity of other types of investment may grow.