Bank of Russia lowered key rate

The Central Bank of Russia went to the next reduction in the key rate. The press service of the financial regulator reports that the decrease is an 0,25 percentage point. The new key rate (and this is 8,25%) will take effect on Monday, October 30. Recall that the previous time the key rate was reduced by the Central Bank of the Russian Federation 18 September 2017 of the year and was at the level of 8,50 percentage points.

Press office Bank of Russia reports that when making a decision, the Board of Directors of the financial regulator proceeded from the following considerations:
Annual inflation remains below 4%. Estimated for October 23 2017, it was 2,7%.

Monetary conditions create the preconditions for the formation of inflation near 4%, without limiting economic growth. GDP growth continued in the third quarter and was in line with the forecast.

A number of factors carry the risk of inflation deviation both up and down from the goal. On the short-term horizon, such a factor is the change in food prices under the influence of the dynamics of the supply of agricultural products.

From the press service of the Central Bank of the Russian Federation:

When making a decision on the key rate, the Bank of Russia will assess the balance of risks of a significant and stable deviation of inflation up and down from the target, as well as the dynamics of economic activity relative to the forecast. The Bank of Russia admits the possibility of further reducing the key rate at the next meetings.

Recall that the forum "Russia is calling!" Anton Siluanov, Minister of Finance of the Russian Federation, and Andrei Kostin, Chairman of the Board of VTB, said that the current rate of decline in inflation "may carry unpredictable risks for the Russian economy and the banking sector."

Comments

[KVashentcev]

Is this news for this site?

[79807420129]

Quote: KVashentcev

Is this news for this site?

Well, here many people like to count money and give directions, for these comrades.

[Comrade Schucher]

Volume, the current rate of decline in inflation "may carry unpredictable risks for the Russian economy and the banking sector."

In general, this is how I studied in the USSR as an economist (solid triples - but mine, real) I will translate into a language that is understandable to the people: - If you feel better, then this will only make you worse.

[SOF]

Quote: Comrade SCHUKHER

then it will only make you worse

... Not certainly in that way.
The reduction of the key rate affects, in respect of the layman, an increase in interest on deposits and a decrease in interest on loans. Those. the interest between "borrow" and "put on the account" begin, gradually, to be similar to each other.
What are the advantages of this business, especially the small one, which is the driver of the economy all over the world, I think it’s not necessary to say ...

[reservist]

I agree about the reduction of the gap between “take” and “put”, but I don’t understand something about the growth of interest on deposits ... they are decreasing, not increasing ...

[Saburov]

Quote: SOF

The reduction of the key rate affects, in respect of the layman, an increase in interest on deposits and a decrease in interest on loans. Those. the interest between "borrow" and "put on the account" begin, gradually, to be similar to each other.
What are the advantages of this business, especially the small one, which is the driver of the economy all over the world, I think it’s not necessary to say ...

This is all so! But lowering the 0,25% rate is nothing!

The key rate at which the Central Bank lends to banks is about 9%. This is fucking! (In all advanced cap. Countries no more than 1,5%). But the bank also winds up the same amount on its loans. And he pays 10% to investors for using their funds, and he offers the same money to borrowers at the rate of 25%. A business that could afford to pay such a percentage while working legally simply does not exist. In such conditions, our economy will never work !!!

Quote: SOF

What are the advantages of this business, especially the small one, which is the driver of the economy all over the world, I think it’s not necessary to say ...

And in our country there are no such advantages! The Ministry of Finance does not want to subsidize too expensive loans, but we do not have inexpensive loans! And the result is a vicious circle! And the funny thing is that domestic banks, including the Central Bank and Sberbank, prefer to invest in Western economies (primarily in the US economy), but they don’t consider Russian at all a place for investment!

Yours!

[Genry]

I will not answer you, just wedge ...
The key rate of the Central Bank will reflect how much the economy of a particular country is being robbed.
With 9,5% of the Central Bank and an inflation rate of about 4%, it is clear that the Central Bank is not trying to stop inflation, but rather is pushing it (the Central Bank is an enemy bank and a constitutional amendment is required to reassign it to the Russian state). The average inflation rate below the Central Bank rate only due to foreign lending at 2%.
With this level of foreign lending (2%), it is more profitable for enterprises to leave offshore jurisdictions in Russia to obtain cheap loans (hence the constant mantras about foreign investment - loans). Therefore, the profit from the turnover of capital is received by the foreign financial system and part of the taxes are deposited there (the native budget sucks its paw). There are almost no own enterprises left in Russia, but if the Central Bank reduced the rate to 2%, the business would be credited in Russia and all profits would remain in the country.

[Berber]

I didn’t understand anything either. They have any change unpredictable risks[b] [/ b]. Amoeba.

[kuznec]

Well, if you have triples in the USSR, then now you are at least DN.

[Lycan]

Right Some kind of stupidity. You might think that reducing the degree of instability of pricing due to inflation, we undermine the economic foundations of the state and the bank. sectors. This is what the economy is with the bank. sector exist and thrive, thanks to the buildup of inflationary processes?

[Comrade Schucher]

Quote: Lycan

This is what the economy is with the bank. sector exist and thrive, thanks to the buildup of inflationary processes?

Exactly so, only from the sentence should the word "economy" be excluded and then there will be full compliance.

[Nikolai Grek]

Quote: 79807420129

Quote: KVashentcev

Is this news for this site?

Well, here many people like to count money and give directions, for these comrades.

[Voker74]

for which specify

[oldseaman1957]

Quote: KVashentcev

Is this news for this site?

- This news is for EVERYONE!

... Annual inflation remains below 4%. According to estimates as of October 23, 2017, it amounted to 2,7% ...

- They lie about low inflation, and ALL of us, returning from the stores, get frenzied from the furious price tags!

[Muvka]

I'm not fucking hot. The price tags as they were 2 years ago, are the same now. There are seasonal increases, but this is normal. They then decline. A great example is eggs. Closer to the new year, they are getting more expensive, and by the summer they are getting cheaper.

[papas-57]

'' The price tags as they were 2 years ago, are the same now. '' The price tags are the same, the numbers in them are different. Please tell me where you live, where these prices have not been rising for two years. Probably on the moon, or still in the USSR.

[Andrey Sukharev]

And what country do you live in, if not secret? In Russia, for two years, everything was very impressive ...

[rpek32]

Quote: oldseaman1957

- This news is for EVERYONE!

sorry for the canceled cons.

[PalBor]

Teachers haven’t raised their salaries for six years already. With two rehearsed, 25 work out. You can live. But today on Mayak radio I heard that a man who receives less than thirty is not a man, he was scared Who am I?

[Roman 11]

Quote: PalBor

Today, on Mayak radio, I heard that a man who receives less than thirty is not a man

Yes, men from all over the world focused on the Mayak radio, so the women will take it under siege soon .....

[Nikolai Grek]

Quote: oldseaman1957

- They lie about low inflation, and ALL of us, returning from the stores, get frenzied from the furious price tags!

no need to summarize ... we have sugar from 50 re decreased to 40 re !!! and we were furious with price tags !!!

[Roman 11]

Quote: Nikolai the Greek

..we have sugar from 50 re down to 40

to 35 ..... chocolate, which used to be at 66-70, for a super long stock of some kind has been already 29,9 a month - and no one takes

It’s like that, deflation didn’t start, pensioners swept everything away before, now drugs have risen in price, go to the shops - they are asking, they have a lot of time, prices are slowly pushing down ..... and the population has apparently decreased a bit during the sanctions.

[ando_bor]

Yes, this news will be hard to whine.

[Mestny]

Come on! There, already -

They lie about low inflation, and ALL of us, returning from the stores, get frenzied by the furious price tags!]

In fact, retail chains are full of discounted price tags. And quite substantial.
But of course, for those who cry, this is not an argument. They will object - "at first they wrapped up 2000%, and now discounts, they are deceiving the people, the whole area, the crooks"

[Nikolai Grek]

Quote: ando_bor

Yes, this news will be hard to whine.

in vain you are so !!! you are already a bunch of "whining" !!!

[rpek32]

Quote: KVashentcev

Is this news for this site?

now the washed ones will run in and will explain that "ECONOMY RELATED TO THE MIC AND DEFENSE AND WEAPON AND YOU ARE NOTHING FOR ANYTHING"

the topwar rolls down, yes. from a good resource about defense and military-industrial complex turns into another rootless Internet news aggregator (copy-paste stack-placed link-content is ready)

[kuznec]

Ministers used to cry that the economy is not growing due to high inflation. Now they will cry because of low. In general, they will always find excuses for themselves.
I don’t know what they think, but my payment for housing and communal services over the past year has increased more than one and a half times. So it is with bread and milk. I am silent about gasoline. Maybe for black caviar and jewelry at 3 percent? Then it will be clear.

[Nikolai Grek]

Quote: kuznec

I don’t know what they think, but my payment for housing and communal services over the past year has increased more than one and a half times.

maybe you shouldn’t hang such frank noodles ??? or are you from hohland ??

[kuznec]

On the "you" and with such aplomb is not necessary. You follow the link
http://gcs24.ru/UserFiles/640%20%D1%82%D0%B5%D0%B
F%D0%BB%D0%BE%D0%B2%D0%B0%D1%8F%20%D1%8D%D0%BD..p
df
And this is only hot water and heating in my town. Which in the structure of payment for housing and communal services make up the lion's share. Another year has not passed - the increase was in January and July. Now, compared to October 2016, rents have increased by an average of 70 percent.
And then don't forget to apologize.

[Nikolai Grek]

Quote: kuznec

http://gcs24.ru/UserFiles/640%20%D1%82%D0%B5%D0%B
F%D0%BB%D0%BE%D0%B2%D0%B0%D1%8F%20%D1%8D%D0%BD..p
df

you can throw off a normal link to start ???

Quote: kuznec

Now, compared to October 2016, rents have increased by an average of 70 percent.

do you think, besides you, no one here pays housing and communal services and does not see how prices are changing ??? if you have some sort of showdown in the housing and communal services at the local level and you cannot properly defend your rights in court, then you should not extrapolate your situation to the whole of Russia !!! I can also indicate the change in prices for these services in our city and your 70% will not be close there !!

[Nikolai Grek]

Quote: kuznec

On the "you" and with such aplomb is not necessary. You follow the link
http://gcs24.ru/UserFiles/640%20%D1%82%D0%B5%D0%B
F%D0%BB%D0%BE%D0%B2%D0%B0%D1%8F%20%D1%8D%D0%BD..p
df
And this is only hot water and heating in my town. Which in the structure of payment for housing and communal services make up the lion's share. Another year has not passed - the increase was in January and July. Now, compared to October 2016, rents have increased by an average of 70 percent.
And then don't forget to apologize.

Well, as you would expect - they’ve muddied or muddied at your local level there !!!

The prosecutor’s office in Sosnovoborsk checked the implementation of the legislation on pricing for utilities in the local municipal unitary enterprise Housing and Communal Services.
During the inspection, violations of the provisions of the Federal Law “On the Basics of Regulation of Tariffs of Communal Complex Organizations” and the Decree of the Government of the Russian Federation “On the Basis of Pricing and the Procedure for Regulation of Tariffs, Markups and Limit Indices in the Sphere of Activities of Communal Complex Organizations” were revealed.
The audit showed that the municipal unitary enterprise “Housing and Communal Services” of the city of Sosnovoborsk included economically unreasonable costs in tariffs, which in 2015 were not actually incurred by the enterprise.
Thus, economically unjustified expenses of the enterprise in the amount of more than 29 million rubles were included in the tariff for hot water supply, in the tariff for water disposal in the amount of more than 10 million rubles, in the tariff for drinking water supply in the amount of about 2 million rubles.
In connection with the revealed violations of the legislation on pricing for utilities, the Sosnovoborsk prosecutor’s office, in agreement with the regional prosecutor’s prosecutor’s office, sent information to the regional REC to exclude economically unreasonable expenses of the enterprise for the supply of thermal energy to the population when setting tariffs for the next financial year.
In addition, the head of Sosnovoborsk was presented with the idea of ​​eliminating the revealed violations of the law.
Acts of prosecutorial response are pending. The situation remains under the control of the prosecution authorities until the complete elimination of the revealed violations of the law.

[kuznec]

Once again I draw your attention, and yours - with a small letter now. I know all the local cuisine better than yours. The region is involved there, and not just the city. And the governor is now retired, and bribes are smooth from him. The prosecutor doesn’t live with us at all. That's just nobody will return money to us. And not only in our town in the region such rubbish.
The site administration filed an appeal against you.

[Nikolai Grek]

Quote: kuznec

The site administration filed an appeal against you.

your right!! this is firstly ... secondly, I advised you to compare your current tariffs with tariffs in Russia !!

[Nikolai Grek]

Quote: kuznec

On the "you" and with such aplomb is not necessary. You follow the link
http://gcs24.ru/UserFiles/640%20%D1%82%D0%B5%D0%B
F%D0%BB%D0%BE%D0%B2%D0%B0%D1%8F%20%D1%8D%D0%BD..p
df
And this is only hot water and heating in my town. Which in the structure of payment for housing and communal services make up the lion's share. Another year has not passed - the increase was in January and July. Now, compared to October 2016, rents have increased by an average of 70 percent.
And then don't forget to apologize.

By the way, I advise you to compare your prices with prices in Russia .... Apparently, your tariffs have been leveled with the average Russian !!!

[kuznec]

No need to fumble!

I know the tariffs around the edge! See the statistics for yourself.

Krasnoyarsk Territory

http://docs.cntd.ru/document/438846651


Russia

http://energybase.ru/tariff/balabanovo?TariffSear
ch [type_id] = heat

Compare and be horrified! And this is not only in my city such a difference.

[Nikolai Grek]

Quote: kuznec

No need to fumble!

I know the tariffs around the edge! See the statistics for yourself.

Krasnoyarsk Territory

http://docs.cntd.ru/document/438846651


Russia

http://energybase.ru/tariff/balabanovo?TariffSear
ch [type_id] = heat

Compare and be horrified! And this is not only in my city such a difference.

I said about Russia, not about your land ... in your Sosnovoborsk at the moment tariffs for housing and communal services are practically at the level of tariffs in our Vladikavkaz ... so draw conclusions ... by the way, we have tariffs at the level of average Russian !!! it turns out that you had a couple of previous years before that the tariffs were a couple of times lower than the average Russian ... at the same time, our tariffs were raised by 2-8 percent !!

[kuznec]

The conversation initially started when I wrote that in my city the rent increased by more than 1.5 times a year. There was an answer:
"maybe you shouldn’t hang such frank noodles ??? or are you from Hohland?"
Essentially boorish and unreasonable. I clearly proved my words. I do not see the point of continuing the discussion.

[Nikolai Grek]

Quote: kuznec

The conversation initially started when I wrote that in my city the rent increased by more than 1.5 times a year. There was an answer:
"maybe you shouldn’t hang such frank noodles ??? or are you from Hohland?"
Essentially boorish and unreasonable. I clearly proved my words. I do not see the point of continuing the discussion.

I agree, it turned out ugly !!! I could not have imagined that we have a region in which housing and communal services prices are 2 times lower than the average for Russia !! sorry !!!!

[Buffet]

It seems to me that we will meet the new year with 8% of the key rate.

[SOF]

... God forbid.
Although it is too much optimistic :)

[fif21]

Quote: SHVEDsky_stol

It seems to me that we will meet the new year with 8% of the key rate.

And with increased salaries and pensions for the military.

[cedar]

The Central Bank lowered the height of the fence, which fenced off from the real economy from 8,5 meters right up to 8, 25 meters, who and for what kind of loan will get into this bondage? And this is while in other countries the rate is ZERO, i.e. there is no fence. Guess who and why created such a banking anti-system ..?

[reservist]

Quote: cedar

... who and for what loan will get into this bondage?

I know people who several years ago took a ruble mortgage for 8 years at 8 percent per annum ... are still paying ...

Quote: cedar

in other countries the rate is ZERO

what countries are these? from the former USSR are there?

[etrofimov]

You know, there are two good old books; The Torah and the Qur'an, duck there everything about usury is written ....

[Nikolai Grek]

Quote: cedar

And this is while in other countries the rate is ZERO, i.e. there is no fence.

if you are hinting at the Euromeros, then do not forget to voice their debts !!! zero STAAAAAAAvka, zero STAAAAvka !!! free cheese is only in a mousetrap !!!

[Genry]

I have long noticed that the stupidity of a post is proportional to the number of emoticons ...

[Nikolai Grek]

Quote: Genry

I have long noticed that the stupidity of a post is proportional to the number of emoticons ...

nuuu .... writing nonsense with a smart face and no smiles does not make geniuses out of commentators !!

[Genry]

Ooh ... your emoticon coefficient has dropped from 9 to 5. You can see the progress!

[sharp-lad]

For amers, a zero rate also means that the borrowed funds do not bring the giver any profit.

[16112014nk]

Quote: Mestny

trading networks are full of discounted price tags.

Discounts on expiring items. According to the rules, they (goods) must be written off, not sold at a reduced price. But suitable products are crushed by bulldozers. Business by ... I don't know what to call.

[etrofimov]

Handbook for those not understanding the situation: Karl Marx: “Capital. Criticism of Political Economy ”
Still elementary! The Central Bank is pumping the banking sector with cheap liquidity; accordingly, the need to attract money from legal entities and individuals for deposits from the banking sector is decreasing. Further: interest on deposits (for example, the population) falls, while naturally, banks increase their profits (cheap financing from the Central Bank plus expensive loans to individuals and legal entities). On the way out - the population ceases to increase savings in deposits, spending money. Small and medium business lending is still inaccessible. The goal has been achieved: the rich continue to get rich, the poor continue to get poorer, and the middle class is self-destructing. HOORAY! hello africa !!!

[Excello]

Guys, a living example of our "cool" economy. 7-8 months ago I bought waffles “First thing”, the red price tag all things for 49 rubles per 400g (1 unit), now the same waffles in the same store 109 rubles, on the same red price tag)

[16112014nk]

History from the Internet.
The buyer wanted to buy a kitchen table for 4 800 p. The seller advised to buy in a month - there will be discounts. A month later, the buyer came to the store. Indeed, everywhere the "Promotion", "Discounts". But ... The price of the table is 5 000 r.

[cedar]

Quote: reservist

Quote: cedar

... who and for what loan will get into this bondage?

I know people who several years ago took a ruble mortgage for 8 years at 8 percent per annum ... are still paying ...

Quote: cedar

in other countries the rate is ZERO

what countries are these? from the former USSR are there?

Already not even "zero", but negative ...

"... the European Central Bank, the Swedish Riksbank, the Bank of Japan and the National Bank of Hungary introduced negative rates to stimulate economic growth and combat deflation, The National Bank of Denmark and the National Bank of Switzerland - to curb the growth of national currencies. Negative rates of central banks have led to a decrease in the yield on government and private bonds of a number of countries to negative values ​​... "

[Nikolai Grek]

Quote: cedar

Quote: reservist

Quote: cedar

... who and for what loan will get into this bondage?

I know people who several years ago took a ruble mortgage for 8 years at 8 percent per annum ... are still paying ...

Quote: cedar

in other countries the rate is ZERO

what countries are these? from the former USSR are there?

Already not even "zero", but negative ...

"... the European Central Bank, the Swedish Riksbank, the Bank of Japan and the National Bank of Hungary introduced negative rates to stimulate economic growth and combat deflation, The National Bank of Denmark and the National Bank of Switzerland - to curb the growth of national currencies. Negative rates of central banks have led to a decrease in the yield on government and private bonds of a number of countries to negative values ​​... "

Th, to borrow for a "stimulation of the economy" no longer pull ???

[Golovan Jack]

Quote: cedar

Already not even "zero", but negative ...

For illiterate: for the end consumer (bank customer) the rate is never "negative".
No such in nature (s)

[sharp-lad]

For the illiterate: for the end consumer (bank customer), the rate is never "negative".
It depends on which client. If you take a loan, then yes, you will not see a negative rate. And if you lay down on a deposit, then you can lose it at a negative rate! However, if the rate is less than inflation, then you lose even with a positive one, though less than the loss under the mattress!

[Golovan Jack]

Quote: sharp-lad

It depends on which client. If you take a loan, then yes, you will not see a negative rate

There, in fact, about loans and went. That's about a mortgage at 8% ...
The local people are deposits ... somehow not very concerned, according to my observations

Quote: sharp-lad

And if you lie on a deposit - then you can lose, at a negative rate

Verily.
I admit, was slurred. Recovering: loan rate for a customer of course is always positive. Even with a negative key (or whatever else) Central Bank rate.

[fif21]

Quote: Golovan Jack

The local people are deposits ... somehow not very concerned, according to my observations

There is someone who is "preoccupied" with deposits! And interested in cryptocurrency! Life does not stand still

[fif21]

I believe that the thesis is a strong economy of the country, it is a strong army, it still works. Therefore, messages from the economic front are quite appropriate on this site.

[Voker74]

where does this crap come from?