Putin promised to reduce mortgage rates to 5-6%
The Russian authorities will try to reduce mortgage rates to 5-6%, said Russian Prime Minister Vladimir Putin, presenting in the State Duma a report on the work of the government for 2010. “Of course, we need to continue to suppress inflation, create a favorable macroeconomic background, conditions for the price of a mortgage to become different. In the future, to strive to ensure that the mortgage rates are 5-6% per annum,” Putin said. It is quoted by RIA Novosti .