This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.
Coronavirus will affect mortgage rates
Russian banks began to increase mortgage rates and interest on deposits. The reason for this was a sharp drop in the ruble, as well as the coronavirus pandemic.
As the RIA News, The Bank of Russia has so far kept its key rate at 6%, but has refused to lower it. It is possible that she will grow at one of the following meetings.
A number of banks raised mortgage rates to 1,5%, some increased interest on deposits, others took a wait and see attitude. The regulator has promised to support the availability of housing loans.
For banks, premiums on risk ratios for mortgages and loans for financing under a shared participation agreement in construction were reduced. This applies to loans that will be issued from April 1.