In November, the increase in ruble funds of citizens in banks increased to 14.7% (annualized) from 13.9%. At the same time, devaluation of deposits of individuals slowed down from 6 to 1.2%, it follows from the data of the Russian Central Bank.
According to the mega-regulator, this year the flow of citizens’ funds to banks will change not as rapidly as last year. This is explained by stabilization of macroeconomics and interest rates. As you know, the key rate of the Bank of Russia has not changed since September: it is 7.5%.
At the same time, a number of changes may occur in the deposit market. In particular, back in last year, the Central Bank proposed to reduce insurance coverage for deposits in “toxic” currencies (we are talking about dollars and euros). In addition, the mega-regulator is developing the concept of irrevocable deposits with increased insurance protection (up to 10 million rubles instead of the current 1.4 million rubles, which are protected by the state).