Putin ordered to reduce mortgage rates

Russian President Vladimir Putin instructed to reduce mortgage rates. The head of state said this, speaking at a plenary session of the congress of the Russian Union of Industrialists and Entrepreneurs (RUIE), Life was broadcasting.

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The Russian leader noted that mortgages grew – it was 9.5 percent, now it is 10.5 – 11% on average.

– Of course, we must go down, come back. Moreover, according to the Ministry of Economic Development, the negative effect of raising the VAT, thank God, is considered exhausted, so the whole macroeconomy should affect bank rates, inflation. We need to return to the mortgage at 8 percent. By the 24th — a year below 8 percent , ”Putin said.

The head of state added that this will be achieved through joint efforts.

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