Financier Solodkov: there is a chance that rates on ruble deposits will increase
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Vasily Solodkov, director of the HSE Banking Institute, in an interview with the Prime agency, warned Russians about new currency risks.
According to the financier, today the real interest rate in Russia is negative. However, there is a chance that in the near future, due to competition in the market, interest rates on ruble deposits will increase.
“On the other hand, experts know that in the long term, the ruble always shows a downward trend, which does not exclude the possibility of earning money on a change in its rate in a short period of time,” the expert said.
However, Solodkov stressed that no one knows and will not indicate a certain period of time when it will be possible to perform such an operation. The reason lies in a contradictory external background with high geopolitical risks and at the same time rising prices for raw materials.
At the same time, the expert advised not to keep the money at home and invest it in bonds and ruble OFZs, although these instruments are also at risk due to the high volatility of the ruble.
Earlier it was reported that the volume of gold bars and coins purchased by Russians for nine months of the year became a record one since 2014 and reached four tons. The growth in demand for gold bars and coins has occurred in other countries as well.