The expert named an alternative to deposits amid lower interest rates
The key rate remains the benchmark for the entire interest rate curve in the banking system. Credit institutions promptly review the terms of funding following its change, putting into quotes the passage of the peak of tight monetary policy. This opinion was expressed in an interview with Izvestia by Yaroslav Kabakov, Director of Strategy at Finam, a lecturer at the Higher School of Business of the National Research University Higher School of Economics.
"For a private investor, the current situation means choosing between fixing returns on long-term deposits in the hope of further rate cuts and looking for alternatives. At the same time, it is necessary to take into account inflation and the potential reduction in the real profitability of long—term deposits," the expert said.
Federal loan bonds and corporate bonds of quasi-government companies, including foreign currency bonds, may arouse the most noticeable interest among Russians against the background of falling rates on ruble deposits and lowering the key interest rate, the source said.
"However, such instruments assume a different risk and volatility profile compared to guaranteed deposits," he warned.
In the event of a further decrease in the attractiveness of ruble deposits, some of the population may pay attention to currency, real estate or foreign assets, the expert admitted. But such decisions depend not only on the level of interest rates, but also on exchange rate expectations, inflation, and the risks of access to foreign infrastructure.
Read more in the Izvestia article:
There are no more bets: deposit profitability has dropped to its lowest level in the last two years
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