Dollars in the red, the rest - in the black

The July inflation was to contributions of compassionate, being reasonable, - 0,6%. That for the umpteenth time allowed owners of ruble deposits to get a real income. Lucky and lovers of the currency. They also managed to increase their savings due to the growth of the dollar and euro. In any case, people who have a deposit at the end of last year - lucky. If you're only going to entrust the money to the bank, then hurry. For the fifth time this year the central bank lowered the refinancing rate, which can not be reflected in the promised returns. For seven months of this year, as reported last week, Federal State Statistics Service, inflation amounted to 8,1%. Because of this ruble deposits yield in our currency is gradually selected from the minus sign (see chart). Although to a positive value it still far away. Most of July was lucky connoisseurs euros due to the growth rate - nearly 1.5% were able to get the highest return. The amendment went to business and investors, who prefer dollars. True, the U.S. currency has added quite a bit (about half a percentage point). Nevertheless, the fate of our savings pleases. Only ruble deposits since the beginning of the year can not possibly get out of negative real yields. All the rest - in the black. Much worse than have investors who are only going to entrust the money to the bank. The fact is that last Friday the central bank announced yet another (fifth this year) reduced the refinancing rate (as well as other tools, which lends to banks). On Monday it was 10,75%. Contributors to the decision of the Central Bank will lose. Already last month, some banks have gone to lower promised yields on the basis of the new refinancing. Moreover, the central bank obsessed with overly generous charges. Recall that the first deputy chairman Gennady Melikyan strongly encouraged them by August 1 to bring rates in line with the market. And, as recently told RIA Novosti the deputy director of the department of banking regulation and supervision of the Bank of Russia Vladimir Chistyuhin, the overwhelming majority of banks have already done so. Yesterday it was confirmed by the Department of External and Public Relations of the Central Bank. He said that monitoring of the maximum interest rates (for deposits in Russian rubles), the ten largest retail banks showed that in early August the average promised yield was 14.84%.