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Post: ACRA head predicted a decrease in the average rate of deposits in Russia

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Mikhail Sukhov. Archive photo

ACRA head expects a decrease of up to 5% in the average deposit rate in Russia by 2022

MOSCOW, August 16 – RIA Novosti. ACRA CEO Mikhail Sukhov said the average rate on ruble deposits will drop to 5-6% by the end of this year, giving the stock market a shot, but private investors are unlikely to “blow it up”. RIA Novosti.

According to the Central Bank, the average maximum rate on deposits of the ten banks that attract the largest volume of deposits by individuals in rubles decreased by 0.1 percentage points in the first ten days of August, from 6.93% in the third month to 6.83% annually. July decade.

“The rate on deposits will be in the range of 5% to 6% per annum: There are too many rubles on the market right now, banks do not need ruble liquidity,” said the ACRA chairman. Ruble deposits at the end of this year.

He added that such a rate level would give the stock market a chance, although institutional investors rather than individual investors, who are more constrained in investment resources, would benefit primarily from it.

At the same time, Sukhov is confident that for Russians, ruble deposits will become the main means of savings.

“I see that after all this the population’s investment opportunities in the stock market have been greatly reduced, and deposits may become the main product for investment in free funds. Some of the population will of course invest in stock values, but trust the population to “blow up” the market, I wouldn’t do that,” he said. graduated ACRA president.

The Moscow Stock Exchange reported in early August that the number of people with brokerage accounts increased by 385.9 thousand on the trading floor in July to exceed 20.8 million, although more than 1.9 million of them were traded on the exchange.

Source: Ria

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