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Gref predicts mortgage rates to decline to 8% - EastRussia | Far East

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Gref predicts lower mortgage rates to 8%

Gref predicts lower mortgage rates to 8%
Photo: pixabay.com
Special project Financial literacy
Mortgage rates may fall to 8%. This was told by the head of Sberbank of Russia, German Gref. According to him, the decline may occur at the end of 2019 of the year and continue in 2020.

As the TASS With reference to the Russia-1 TV channel, the peak of inflation has already passed, so it is likely that by the end of this year, the Central Bank will reduce the key rate and credit rates will go down. According to Gref's forecasts, by 2021, and maybe 2020, it is quite likely that a decline to 8% or less is possible.

Take measures to reduce mortgage rates to 8% commissioned by Russian President Vladimir Putin in February 2019 year. Recently, the Russian government has reduced for some categories of residents of the Far East mortgage rate. This benefit was given to families in which the second and subsequent children were born on January 1, 2019. Such support measures were planned to be made exclusively for residents of the Far Eastern Federal District, but in April, Deputy Prime Minister Vitaly Mutko stated that in the future a preferential rate can spread and to other regions. At the same time, against the systematic subsidization of interest rates, including mortgage, made by the Ministry of Finance Russia.