The analyst predicted an increase in consumer demand due to a reduction in the key interest rate

Lowering the key interest rate contributes to economic growth and an increase in consumer demand, making loans more affordable for both businesses and the public. This can lead to increased investment in production, increased employment, and increased household spending. Alexey Lossan, an analyst at the financial marketplace Compare, told Izvestia on October 28.

According to him, such a decision will also have a significant impact on the financial sector.

"The potential consequences for the financial sector of lowering the key interest rate include increased competition among banks to attract deposits. On the one hand, it helps to expand lending and increase the volume of assets," the expert said.

As Lossan noted, easing monetary policy will make mortgage, consumer and car loans more attractive to customers. This may lead to an increase in demand for retail services, an increase in lending volumes and an increase in customer loyalty, but it may also affect a decrease in banks' interest income from deposits.

"As a result, banks can adapt by offering new products or focusing on fee income," the analyst concluded.

A sense of half-measure: the key rate can be maintained at 16.5% until the end of the year

How have the Central Bank's forecasts changed and what to expect from the meetings in 2026

On the same day, the head of the Central Bank of the Russian Federation, Elvira Nabiullina, announced that inflation would fall to the target level of 4% in the second half of 2026. According to her, the current cycle of key rate cuts will cover the entire next year.

All important news is on the Izvestia channel in the MAX messenger.