Total loans of Russians reached a record 38 trillion rubles

The total volume of loans to Russians exceeded Br38 trillion at the beginning of November, according to the Central Bank. At the same time, the pace of lending to citizens has sharply decreased in recent months amid an active increase in the key rate. Last time - on October 25 - the regulator raised it from 19% to a record 21%.

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In October, the volume of loans to the population grew only by Br170 billion, and in September - by Br189 billion. Before that, the figure increased much faster, for example, in August - by Br412 billion. In total, since the beginning of the year, the total amount of debt of Russians, taking into account the repayment of loans grew by Br4 trillion.

The main reasons for the slowdown in lending are the increase in the key rate and the tightening of macroprudential regulation, explained the chief analyst of Sovcombank Anna Zemlyanova.

However, this is still not enough for a significant slowdown in inflation, said Maxim Kolyadov, head of retail banking at AMsec24 Insurance Brokerage. According to Rosstat, inflation in Russia from November 26 to December 2 amounted to 0.5% after 0.36% in the previous week. At the same time, price growth has reached 8.3% since the beginning of the year.

Inflationary risks still remain, agreed Anna Zemlyanova. According to her, they include, for example, wage growth due to the situation on the labor market and soft budget policy. The regulator may raise the rate to 23% per annum in December, the expert expects.

Read more in the exclusive material "Izvestia":

Loans to the public: Russians have accumulated loans for a record 38 trillion rubles