Cancellation of personal income tax for material gain: will this save the mortgage?
How an unprecedented increase in the key rate will affect mortgages, and how the authorities are trying to soften the blow for borrowers On October 25, the Central Bank of Russia increased the key rate from 19% to 21% per annum - this is a record since at least 2013. Even in February 2022, when a full-scale war began in Ukraine, the key rate jumped for several months to 20%, and by September 2022 it had dropped to 7.5%.