Russia’s largest banks reduced deposits in forecast of the Central Bank decision on June 6
The largest banks in Russia reduced the deposits waiting for the Central Bank meeting to the key rate, which is scheduled for June 6. RBC reports.
Before the regulator meeting and a possible decision to change the monetary policy (DCP) in the country, the largest volume of the retail portfolio of the banks reduced the deposits. During the past week, at the same time in three Banks of the Top 10, the deposits for six months decreased by 1-1.2 percentage points. Three-month deposits decreased by 0.3-0.5 percentage points.
