Economist Konstantin Selyanin explained to E1.RU why negative rates are introduced. According to him, the placement of currency for banks today is becoming a big problem, since in today’s conditions they cannot resell it or convert it into rubles.
– All they can do with the currency received from the depositor is to allow him to keep it in his account. But investors have a natural question: if we keep money in our account and do not profit from it, then why are we doing this? That is, in fact, this measure becomes prohibitive. And is anyone ready to take foreign currency loans today? Importers? But imports fell by 89% if we compare May with January. Exporters? They already receive foreign exchange earnings, they do not need deposits in foreign currency. Individuals? It’s also unlikely, Konstantin Selyanin reflects.
