Prof. Leonid M. Badalov Commented Interest Rate Reduction
Representative of academic Department of Banking professor Leonid M. Badalov commented to Regnum news agency the interest rate reduction, pointing that it has an indicative character for the market, and that real transactions in the money market may vary to the higher and lower side as well. In his opinion, rates on deposits shall be reduced mainly for individuals. Badalov mentioned that this trend was already observed in previous months. Thus, average maximum percentage rate on deposits in December 2014 reached 15.64%, and 13,85% in March 2015.