Evgeny Goryunov, Head of the Monetary Policy Department at the Gaidar Institute, commented on the situation in the mortgage lending market for Izvestia. The expert believes that the current upturn caused by the reduction in the key rate is temporary.
Evgeny Goryunov explained that the Central Bank's policy easing is directly linked to macroeconomic processes. In his opinion, the current surge in activity will be followed by a slowdown in lending.
“Loan rates are adjusted after each Central Bank meeting. But despite the fall in the key rate, they will still remain high,” he predicted.
The expert linked the regulator's decision to continue the cycle of lowering the key rate with the cooling of the Russian economy. “In the absence of surprises, inflation will slow down gradually. According to our calculations, the economy will grow by no more than 0.5-0.7% in 2026,” Evgeny Goryunov summed up.