Thursday, April 30, 2015

Russia’s central bank lowered its key interest rate to 12.5% ​​- the first channel

Final this week working day brought important news from the Central Bank – May 5, lowered the key rate. Its very name indicates the importance to the economy.

The final this week, working day brought important news from the Central Bank – May 5, lowered the key rate. Its very name indicates the importance to the economy.

The decision, which was expected. The fact that the key rate will be reduced, not only the analysts stated. Forecasts were from the Ministry of Finance, Minekonoma. It was the time to bet on a bet, and the foreign exchange markets do. With the increasing price of oil – the quotations at the highs for the year and over the last month – plus 20% (this was not from 2009), the ruble against the dollar last week moderately rose and fell, reacting to possible solutions to the Central Bank. Reaction to minus 1.5% from the rate was bright, but fast. The ruble went up and came back to the average of trades that experts perceive calmly ruble has found its level.

“We believe that for the remainder of this year, the ruble will fluctuate in the range of 50 to 55 per dollar and this corridor, this level we consider fair equilibrium for the ruble at current oil prices, “- said the chief economist of the” Deutsche Bank “Yaroslav Lissovolik.

The balance of the foreign exchange markets – one of the factors reducing the inflation. Three-percent rise in prices in January and February, May and April decreased to percent. Cheaper individual products, something of a household appliance, a popular electronics. And further, it is believed the Central Bank, inflation will not change the direction that will make it possible to move and stake down.

Each step for the economy – a breath of air. From the Central Bank key interest depends on the percentage of all other loans, including for businesses. With expensive borrowed money it is difficult to increase the pace of production. And 12.5%, in this sense, are still expensive. But as the trend in the lowering of the rates specified, experts believe that major customers long into debt, banks now will be able to give a more mild conditions.

“By the end of the year is theoretically possible that we will come to pre-crisis levels 8 8.25%. Unless, of course, there will be drastic changes in market conditions – for example, a sharp decline in oil prices, which will not allow such a step. Therefore, in principle, the prospects are quite optimistic, “- said the analyst,” Alpari “Daria Zhelanova.

On the legal and organizational assistance to small discussed at a meeting with President Boris Titov, the Commissioner for the Protection of the rights of entrepreneurs. Vladimir Putin is expected to actively create conditions for the development of business and not rely solely on the new structure, which would be controlled by the process.

In. Putin: “Let’s begin, perhaps, with the State Council and the decisions that have been taken to support small and medium businesses. You have recently asked me questions related to the” straight line “, I would like to hear your opinion on how it is executed, what We agreed, and your suggestions about what to do in order to do everything was executed “.

” Most of all concerned, it is a question of the very “small” – a self-employed, who must be registered at the simple the scheme simply on presentation of a passport, that they could start work, to buy the patent, and no other additional requirements were not “- said Boris Titov.

Putin:” So we agreed that the patent was enough “.

” Nevertheless, there are various departments have different opinions on this subject: the Ministry of Finance and is, and the Pension Fund. Therefore, if you could, we would ask you to give consent to the formation of the interdepartmental working group. We could coordinate this group in order to find as soon as possible is already specific final solution to this issue “, – says B.Titov.

Putin:” I have one request to you is. You know that preparing an amnesty law in the field of entrepreneurship, the amnesty of capital, and would like to ask you today as part of your competence after this law is working, take an active part in controlling how it’s done. And if you see that executed improperly, so that we can react to it “.

B.Titov:” Of course, you need to work with each entrepreneur, and if there are any problems to know who to turn to with their problems “.

Putin” would know the address, you can go “.

By the way, for the development of small businesses in their field, in contrast from large, often take the money in banks as ordinary borrowers. The amounts are not the greatest. And it’s faster. Here, too, rates must now go down. But for different loans at different rates.

“This is most felt in such credit products, such as car loans and mortgages. For the retail segment of unsecured loans decline of 1.5% is not so much noticeable, and for long-term loans – this is a very significant move, “- says Anton Forty analyst” Finam “.

Another issue that occupy today Not everyone can. It’s not just a percentage. Lenders are tightening requirements for borrowers because of rising arrears on loans already made. For investors, by contrast, the doors are open. But interest rates on deposits are falling, which is also a key achievement. However, on the eve of Victory Day, a number of banks have made a special offer to customers. Up to 15 annual and reach higher in the near future will not be.

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