Uncomfortable posture Central: loans become more expensive

Banks Finansy04-02-2008 An Inconvenient pose Central: loans become more expensive consumer and mortgage loans may become more expensive, and the range of potential borrowers even shrink. And this is only part of the consequences that await the country after raising rates The Bank of Russia. Russia's Central Bank on Friday gave an unpleasant surprise for the entire banking community. As part of the fight against inflation, "Central Bank raised the refinancing rate from 10 to 10,25%. This is the first rate increase from the pre-crisis in June 1998. Then it was increased from 60 to 80%. Not only is this excited the financial market. "A unique case: the first time in the history of monetary policy, the Central Bank has changed not just refinancing, but all bets at once on 0,25%," - exclaims Evgeny Nadorshin, chief economist at the IB "Trust".