First Deputy Chairman of the Bank of Russia Vladimir Chistyukhin commented on the reasons for the fall of the Russian stock market.
The decline in indices and stock prices is associated with high interest rates, increased indebtedness of the population, and problems with companies.
The main reason for the fall of the Russian stock market is the increase in interest rates, the RBC article emphasizes.
Against the backdrop of the high interest rate of the Central Bank of Russia, investors prefer to invest money in deposits, which leads to an outflow of funds from the stock market. Also, the high debt load of the population affects interest in investing in shares.
Moreover, high debt levels of issuers can cause financial problems for companies and a decrease in their share prices.
Also, the difference in the price of shares before and after dividend payments makes investors cautious.
Overall, high rates and debt burden continue to put pressure on the Russian stock market.
