Bryansk entrepreneurs explained the reasons for expensive loans

Representatives of the Bank of Russia told Bryansk entrepreneurs why loans remain expensive and under what conditions the Central Bank will be able to continue reducing the key rate.

In October, the Bank of Russia kept the key rate at 14% per annum. It largely depends on the cost of loans for the population and business, as well as the profitability of bank deposits.

The regulator uses a high rate to curb inflation. With expensive loans, people are less likely to make purchases on credit, and businesses are more careful to spend funds. This helps reduce demand and slow down price growth.

As explained by the representative of the Bank of Russia Rustem Mardanov, further reduction of the rate will depend on the slowdown in inflation and changes in inflation expectations of the population. In particular, people should stop counting on a rapid rise in the price of goods.

During the meeting, Bryansk entrepreneurs also spoke about the problems they face when doing business. Among them are the shortage of workers, changing demand for products and the high cost of loans for enterprise development.