Kostin said that as of June, the average cost of mortgages at VTB is 9.9%.
According to him, the bank sees that in the future the Central Bank of Russia has begun to reduce the rate.
He added that the forecasts and the trend of the Central Bank indicate that rates "will go down to the end of the year."
“Yes, I also count on this, bearing in mind the reduction in inflation,” the head of state said.
In July, Putin instructed the Ministry of Finance and the Central Bank to monitor the situation with preferential mortgages.