PRIME-TASS. Sberbank of Russia does not plan to lower its deposit rates, while the refinancing rate stands at 10%, director of the lending institution’s division for individual deposits and investment products Natalia Konovalova, as the news agency wired, told the media.
Meanwhile, she noted if the refinancing rate is cut by more than 1% the reduction of deposit rates is possible. “If the refinancing rate gets cut by 1% in the next month or two, we’ll see whether or not our deposit rates on the market are adequate,“ she said. In addition, as Konovalova emphasized, “there should be no firm confidence that Sberbank will cut them, but their revision is a must-be-done thing”. The reduction of the refinancing rate by 1% “is a reason to think about our deposit rates,” she added.
