President of the Association of Regional Banks of Russia Anatoly Aksakov, who is also the Deputy Chairman of the State Duma for the Financial Market, addressed the head of the Central Bank, Elvira Nabiullina, with a request to gradually lower the key rate.
Russian bankers are asking the Bank of Russia in January to reduce the key rate to 15 percent, and then lower it to 10.5 percent, referring to the acute shortage of ruble liquidity. Also, banks are concerned about the galloping growth in interest rates, due to which companies become insolvent. As a result, all this can result in a whole wave of bankruptcies of both banks and companies.
The editors of uznayvse.ru remind that the decision to raise the key rate to 17 percent was urgently made by the Central Bank on the night of December 16 after a sharp collapse of the ruble exchange rate.