Deposit rates in Russia will continue to decline following the key rate

Bank deposit rates in Russia will continue to decrease gradually in the near future, following the dynamics of the Central Bank's key interest rate. At the same time, it is advisable for investors to use the current offers of banks in order to lock in higher returns for the long term. This was announced on March 11 by Anna Zemlyanova, chief analyst at Sovcombank, in a conversation with Izvestia.

According to her, by the end of the year, the key rate may decrease to 12%, and the average for 2026 will be about 14.3% after 19.2% last year.

"By the end of the year, we expect a reduction in the key rate to 12%. We forecast the average key rate at 14.3% this year, after 19.2% last year," said Zemlyanova.

The expert stressed that deposit rates traditionally follow the decisions of the regulator and will be gradually adjusted as monetary policy eases.

Read more in the Izvestia article: Money on the pulse: the popularity of short-term deposits has grown in Russia

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