We learned that the Ministry of Finance of Russia made a decision to increase the key interest rate by 200 basis points to 21.00% annually. This decision was made with the aim of curbing inflation in the context of increasing inflation expectations.
It should be noted that this decision was made for the first time since the beginning of 2015 and served as a response to rising inflation caused by various external and internal factors. In its statement, the Bank of Russia emphasized that the increase in the key rate is a temporary measure and may be adjusted depending on the economic environment.
It is important to note that this decision may affect the consumer credit and mortgage market by increasing the cost of financing for the population and leading to increased payments on loans. Some economists expressed concerns about the potential slowing down of economic growth as a result of such measures.
In conclusion, let us say that in the near future we should expect a reaction from the Russian market to this decision, as well as further steps from the Central Bank to stabilize the financial system of the country.
