According to the Central Bank, we are talking about payment liquidity, which cannot be provided as a loan. For example, if a company has an account with one bank and its employee has an account with another, then funds must be transferred to the recipient's bank when paying wages. To do this, the amount from the correspondent account of the first bank in the Central Bank will be transferred to the correspondent account of the second bank in the Central Bank. This is a transaction between banks that does not lead to the emergence of new credit resources or an increase in the money supply in the economy, the regulator noted. At the same time, the issuance of loans by banks and their volume are regulated by the demand for loans, the amount of the bank's capital and the structure of its balance of payments.
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Regarding the plans to reduce the base interest rate, the Central Bank noted that this will happen as soon as the regulator is confident of a steady decline in price growth. To achieve this goal, a slowdown in demand for goods and services is required. Experts of the Central Bank believe that a decrease in the rate of increase in demand will be achieved due to the normalization of the Government's fiscal policy and as a result of tightening monetary measures.
The day before, a report was published on the results of the banking sector in 2024. According to the data provided, Russian banks earned 3.8 trillion rubles of net profit last year.
