MOSCOW, July 5, The increase in the Central Bank's key rate, which most analysts expect in July, is unlikely to have a significant impact on market lending — it is already very compressed, Inna Soldatenkova, head of expert analytics at Banki.ru, told the Prime agency in an interview.
According to the marketplace, the average rate on unsecured loans today is 22.5 percent. «This is already quite a high value,» she believes.
Therefore, whatever decision the Bank of Russia makes in July, it will not have a significant impact on rates — they are already at the limit. Unless, of course, there are really stressful scenarios with the rate increasing to 20 percent or more.
A significant rate reduction should not be expected before 2025. Thus, mass lending to the population has significantly shrunk, the analyst concluded.