Photo: Ilya Pitalev / RIA Novosti
Credit load of Russians exceeded the peak of 2013-2014 75 percent of the country’s regions. This is stated in the report of the Bank of Russia on monetary policy.
According to the regulator, in most regions of Russia the volume of loans to individuals in July, the average increased in the range from 15 to 28 percent. The highest in Crimea and Sevastopol — where the growth rate is 65 and 81 percent, respectively. Such a situation is caused by a catch-up nature of the growth of consumer lending in these regions, the report said.
The Central Bank reported that in the second quarter of 2019 in all Federal districts noted softening in Bank lending conditions amid slowing inflation and a reduction in the key rate of the Bank of Russia. However, at the same time in all districts was slowed the pace of retail lending growth. The most significant slowdown was observed in the Volga, Urals and Siberian Federal districts.
The Bank of Russia three times already lowered its key interest rate in 2019. The first time the regulator has lowered its June — from 7.75 to 7.5 percent, then in July, the rate fell to 7.25 percent. In September, the Central Bank continued policy easing and lowered the rate to 7 percent, which was at least in 2014. In the controller I admit that on one of the upcoming meetings, the rate could again be reduced.
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