The Central Bank of the Russian Federation helped the population to “wave a pen” to their favorite banking instrument.
In the first two weeks of March, consumer loans to Russians fell by half compared to early February. This was reported by the Russian media, in particular RBC, with reference to the data of the credit bureau “Equifax”.
“The sharp slowdown in the most profitable segment of banks 'business recently is due to rising interest rates, changes in consumer activity, as well as the tightening of creditors' risk policies amid instability in the economy,” the newspaper said.
At the same time, experts doubt that unsecured lending will recover as quickly as it did after the first wave of the pandemic in Russia.
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Earlier , the Central Bank of Russia raised the discount rate to 20%. It was noted that the Central Bank will make further decisions on the key rate based on the assessment of risks from external and internal conditions and the response of financial markets, as well as taking into account the actual and expected dynamics of inflation relative to the target and economic development.
The outflow of money from the population of Russia from bank deposits in February 2022 amounted to 1.2 trillion rubles. And this is the largest monthly outflow, at least since 2008. And most of the outflow occurred in the last week of the month, namely on February 24, when Russia attacked Ukraine.
