Experts of Russian banks, after raising the key rate by the Central Bank, said that this would increase the yield on deposits, but the maximum base rate is unlikely to reach double-digit values. They reported this to RIA Novosti.

The press service of VTB noted that an increase in the rate to 8.5% means an increase in rates on ruble deposits and savings accounts.

Elena Yudina, Treasury Director of MTS Bank, added that there will be no sharp changes in rates until the end of the year, their growth will stretch for 1-2 months. Sovcombank expert Mikhail Vasiliev confirmed that in January-February, the yield on deposits will continue to grow and reach a peak level of 8.2-8.4%.

Experts from the banks Dom.RF, Pochta Bank and Expobank also expect a slight increase in profitability on deposits - by 0.2-0.3 percentage points.

Earlier it was reported that the Board of Directors of the Central Bank of Russia on December 17 raised the key rate by 100 bp, to 8.50% per annum. This was reported on the regulator's website.

In this regard, and taking into account the increasing inflationary expectations, the balance of risks for inflation is significantly shifted towards pro-inflationary ones, the Central Bank said.

bbabo.Net