The price of high rates on deposits

Banks Finansy27-11-2008 Price high interest rates on deposits of the Ministry of Finance urged banks to raise rates on deposits. In addition, the upward trend in rates has already touched the commercial banks. Will the public benefit to make deposits, and what a rate increase may lead to the banks? In a situation understood Bigness.ru. Finance Minister Alexei Kudrin has urged the banks to raise rates on deposits, and not rely on cheap credit facilities from the state. Rate on retail deposits should not be below the inflation rate, which now accounts for 12%. The statement Kudrin has already responded Sberbank of Russia. According to German Gref, Sberbank is considering the possibility of increasing interest rates on deposits of individuals, however, the decision is still pending. Meanwhile, the trend of rate increases have already touched the commercial banks. Observant citizen certainly noted shift of bright posters of credit programs on posters advertising attractive environment for deposits. Analysts polled by Bigness.ru, suggest that the recommendation of the Central Bank is primarily addressed to the state-owned banks, private banks are also still would have increased the yield on deposits.