What will happen to the deposits?
The market has already priced in a key rate increase of 1–3 percentage points from the current level. Banks have begun to raise rates ahead of the Central Bank's decision. Thus, Sberbank increased its deposit yield to 22.5% per annum, VTB — to 24% per annum. Maximum deposit rates in the largest banks in the first ten days of December 2024 reached a record 22.08% per annum.
The growth of rates is also influenced by the desire of banks to attract poland number for whatsapp depositors before the New Year. You can compare interest rates on deposits in different banks and
The Board of Directors of the Bank of Russia left the key rate at 21% per annum, the Central Bank's press service reported .Why the Central Bank kept the rate unchangedThe Central Bank left the rate unchanged because monetary conditions tightened more significantly than the October key rate decision had envisaged. This was facilitated by factors independent of monetary policy: tightening of macroprudential policy, planned normalization of banking regulation, and increased requirements for banks to borrowers.The growth of rates for borrowers and the cooling of credit activity create preconditions for inflation to return to the target, despite the increased current growth of prices and high domestic demand, the Central Bank believes. They predict that annual inflation will decrease to the target value of 4% in 2026.According to estimates as of December 16, annual inflation increased to 9.5%. "For some time, the current price growth will remain elevated due to inertia due to the accumulated effects of budget stimuli, high credit activity of previous months and the transfer of the weakening of the ruble to prices. However, according to the Bank of Russia, in the coming months, inflationary pressure will begin to decrease under the influence of tight monetary conditions and a slowdown in lending," the regulator said in a statement.The Bank of Russia will assess the advisability of raising the key rate at the next meeting, taking into account the further dynamics of lending and inflation.On December 28, the Central Bank will publish a summary of the key rate discussion. The next meeting is scheduled for February 14, 2025.What analysts expectedExperts predicted that the key rate would increase by 2 percentage points, to 23% per annum. This was supported by high inflation and the weakening of the ruble, which fell against the dollar by 11% in November, to 114 rubles per dollar. The official exchange rate for December 20, 2024
is 103.42 rubles.Some analysts allowed for the rate to increase to 24-25% per annum. This level should become the ceiling, economists noted. No one expected the rate to remain at 21% per annum.What will happen to the deposits?The market has already priced in a 1-3 p.p. increase in the key rate from the current level. Banks have begun to raise rates ahead of the Central Bank's decision. Thus, Sberbank increased its deposit yield to 22.5% per annum, VTB - to 24% per annum. Maximum deposit rates in the largest banks in the first ten days of December 2024 reached a record 22.08% per annum.The growth of rates is also influenced by the desire of banks to attract depositors before the New Year. You can compare interest rates on deposits in different banks and choose where it is more profitable to put your money in the "Deposits" section on Compare. Далее: https://www.sravni.ru/novost/2024/12/20 ... ikam/?copy
Commercial Editor