Putin believes that loan rates will decline faster

Prime Minister Vladimir Putin believes that banks should be more actively to reduce interest rates on loans. This year, the Bank of Russia has twice lowered the refinancing rate (generally at 0.5% to 8.25% per annum) and the key rate money market. In its comments on these decisions, the Central Bank has repeatedly pointed out that he was waiting for after this step, the response rate reductions by the banks. But the rates are reduced slowly. Moreover, the loan portfolio is not growing. This means that banks prefer to lend to economy, and scroll through the money, particularly in the financial markets. "I hope that this reaction of commercial banks at the Central Bank policy (to reduce key interest rates - Ed.) will be more timely", - Putin said today at a forum "United Russia". Current refinancing at a rate of 8.25% - the lowest historical level of refinancing, "said the head of the Russian government. Commercial banks are expected by the authorities show no activity because of the risks," which so far are significant in terms of overcoming the crisis, Putin believes. At the same time, Putin recalled that the State has sent to help the banking system of large sums of money. The Prime Minister believes that the Bank of Russia should take note of those banks, which are still excessively high interest rates.