Interest rates on deposits in Russian banks are approaching 2022 records.
Experts predict that by the end of 2024, interest rates on deposits may rise further due to the tight monetary policy of the Central Bank of the Russian Federation.
Higher rates make bank deposits more attractive for Russians, RIA Novosti reports.
Analysts suggest that by the end of the month the maximum deposit rate could approach 20.51%.
VTB and other banks confirm that the high key rate of the Central Bank creates conditions for further growth in deposit profitability.
The head of the Central Bank, Elvira Nabiullina, emphasizes that the ceiling for raising rates has not yet been set.
According to experts, such statements by the Central Bank allow us to expect growth of up to 25–30% by the New Year.
A significant increase in rates is quite possible, but the Central Bank’s decision will depend on the economic situation.
