Photo: Evgeny Pavlenko / Kommersant
Rate on loans for a period of one year non-financial organizations (companies and enterprises) in July was 8.7 percent, the lowest level since October 2011. About it writes “Kommersant” with reference to data of Bank of Russia.
The rate for short loans is very sensitive to changes in the policy of the Central Bank’s key rate. So, about a year she was more in the key rate by more than 0.7 percentage points. In July, the rate for short loans even slightly increased from 9.39 percent to 9.41 percent.
Analysts argue that the situation when the rate to higher rates for loans over a longer period, may indicate that market participants expect the key rate. So, in the savings Bank believe that the key rate will be reduced in December and March, if the volatility in the world market will not increase. According to experts, the rate on loans for up to years maybe in the foreseeable future to fall even below the historical record, recorded in July and August 2011. Then she two months remained at the level of 7.9 percent.
In early September, the Bank of Russia lowered the key rate to the lowest in five years — it dropped to seven percent per annum. The main reason for the reduction of the key rate — slowing inflation. However, to dramatically reduce the rate regulator does not plan, as the inflation expectations are still high. The Central Bank admits that at the current rate will again cut rates at one of the scheduled meetings.
Video, photo All from Russia.