The reduction of the key rate of the Central Bank will make a mortgage more affordable

the Central Bank cut its key interest rate to six percent. The main argument is that the slowdown in inflation. In the first quarter is expected to record low — about two percent in annual terms. There’s also the risk of a global economic slowdown, including due to the coronavirus.

the regulator’s Decision, including, will make the mortgage more affordable. “Certainly, the reduction in our rates and above all the reduction of inflation will result in lower lending rates, and we see this effect — leads the TV channel “Russia 24″ the words of Elvira Nabiullina, the Chairman of the Central Bank. — Rate of consumer credit also declined, mortgage rates reached a historic low of 9 per cent. In our opinion, this is not the limit and will further decrease in mortgage rates.”