It is noted that the reduction in interest rates applies to the bank’s three loan products: “Consumer credit without collateral”, “Consumer credit under guarantee” and “Consumer credit for refinancing loans”.

The bank said that customers who receive a salary or pension on a bank card can count on minimum rates.

Earlier, economist and political scientist Nikita Maslennikov commented in a conversation with Nation News on the decision of the Bank of Russia to reduce the key rate to 4.5% per annum.