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Yatsenyuk forced to raise rates: We fight for the country

The Ukrainian government is forced to raise rates in order for the economic system of the country became stronger. As reported by the TV channel “112 Ukraine”, said the former Prime Minister of the country Arseniy Yatsenyuk during the meeting of Yalta European strategy. “My government has had to raise …

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Deposit rates in Russia fell to a two-year low

In the second decade of July, the average maximum interest rates on deposits in the ten largest Russian banks declined to 8.85 percent. This is stated on the website of the Central Bank. Thus, the interest rate fell to the lowest level since mid-June 2014, when the yield on deposits …

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Why banks lower interest rates on loans

May 16, Sberbank has lowered rates on consumer loans by a few percentage points depending on the term and conditions of the loan. New level roughly corresponds to the pre-crisis indicators. Or at least until the acute phase, occurring in late 2014 — early 2015. We can assume that Sberbank …

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