Medvedev promised reduction of the key rate and a cheaper mortgage – Lenta.ru

Russian Prime Minister Dmitry Medvedev believes that the slowdown in prices and reducing inflation, there is reason to further reduce rates of the Bank of Russia. About it on Sunday, 2 October, said in an interview with the First channel, reports “Interfax”.

“In this case, we will reach quite reasonable, I’d say modern, civilized rate mortgages”, he added.

Commenting on the situation with the mortgage in the Russian market, Medvedev noted that in this region made a major step forward: “In fact, this Institute was created 10 years ago, and now every year there is an increase in the number of mortgage loans — even this year when there are certain difficulties in the construction market, still for eight months, their number has increased”. However, according to him, the cost of borrowing should be reduced further.

00:04 August 8, 2016

“There is a program support that allows you to bring down prohibitively high rate of 18-20 percent, which was more recently, to a relatively acceptable, 12-13 percent of people willing to buy apartments in the mortgage. We continue this program going to develop, because it is possible to solve the housing problem of millions of our people”, — said the head of government.

Speaking about the implementation of the may decrees, Medvedev said: “No extraordinary measures, we do not plan to take. In this case we are obliged to implement consolidation measures to ensure the normal budget and the fulfillment of social obligations”.

“Let’s stick to this meaning reasonably-conservative course, will execute the decisions which were adopted before the elections, to implement the may decrees, we will carry out the program of the government and of course those policies mentioned in the election campaign” — said Medvedev.

“People need to proceed from the fact that the government will behave in a responsible and predictable,” he said.

on September 16, the Central Bank lowered its key rate to ten percent. The next meeting, which will consider the question about the key rate, will take place on 28 October.

Key rate — the main monetary policy tool of the Central Bank. Under her control Bank loans. The indicator influences the formation of interest rates on loans to credit institutions, as well as inflation and currency exchange rates.