Find out more about the KS forecasts for the second half of 2024 in our article “Key rate: what changes await us by the end of 2024”.
Here are the main things to remember on this topic:
The key rate of the Bank of Russia is the percentage at which the Central Bank issues loans to commercial banks. With the help of the KS, it influences the market: slows down the growth of prices, stimulates investments, makes loans popular or unpopular.
The record low CR was set in 2020 and amounted to 4.25%. The historical maximum is 20%, which was a reaction to sanctions pressure in February 2022.
In August 2024. The KS is 18%. The Central Bank reached this vietnam mobile database value in July, when it raised the indicator for the sixth time in a row.
The next meeting of the Central Bank's board of directors will be held on September 13. It will decide whether to leave the KS at the current level or change it.
The change in the Central Bank of the Russian Federation rate is influenced by the general economic situation, the rate of price growth, the exchange rate of the national currency, and the level of indebtedness of the population.
A high KS makes loans unattractive, but increases the popularity of bank deposits. This is due to the fact that rates are increasing for both products.
A low CR makes loans more attractive, but deposits are less in demand. The population can choose riskier investment options.
The KS also affects the inflation rate, the exchange rate and the investment attractiveness of the market. But in these areas, other factors are also important, including the general economic situation, domestic and foreign policy.
Economists predict that by the end of 2024 the COP will remain at its current level or increase slightly.
The information in the article is current at the time of publication. Financial conditions may change. Please check the current data on the page of the product you are interested in. The Bank is not responsible for the use of outdated information.