Sberbank will reduce market mortgage rates starting from June 10.

Sberbank has been reducing market mortgage rates since June 10. This was announced on Friday, June 6, by the press service of the financial institution.

"The reduction in the key rate by the Bank of Russia creates opportunities for reviewing rates on retail products," the press service of Sberbank noted.

Thus, rates on mortgage products will decrease in the range from 2 to 3.5 percentage points. A similar decrease will affect consumer loans.

In addition, starting from June 11, the bank will reduce the rates on deposits "Best %" and "Savings Deposit" by 1 percentage point for all terms. The maximum yield on these products will be up to 19% per annum.

Breaking the trend: Inflation has finally started to slow down steadily

It is difficult to predict the Central Bank's decision on the rate so far

On this day, the Central Bank of Russia lowered its key rate to 20% after a long period of tight monetary policy. According to the Central Bank, domestic demand still outstrips the possibilities of expanding the supply of goods and services, but the Russian economy is gradually returning to a balanced growth trajectory.