statement
The Bank of Russia kept the MPL values for Q1 2027 on mortgage loans for the purchase of under-construction and ready housing in apartment buildings unchanged; macroprudential add-ons were not revised.
A statement by Банк России. Statements are as reported by the cited publishers — not verified by DecisionGateway.
Банк России сохранил на I квартал 2027 года значения МПЛ по ипотечным кредитам на приобретение строящегося и готового жилья в многоквартирных домах.
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The Bank of Russia set MPL for Q1 2027 on issuances of targeted car loans with a repayment term of more than 7 years and on issuances of unsecured consumer loans secured by motor vehicles with a repayment term of more than 5 years.Банк России · commitmentThe Bank of Russia raised its forecast for the average key rate in 2027 to 12.5–13.5% from 10.5–12.5% previously.ЕАБР · statementThe average mortgage loan in September was 4.77 million rubles, up 10.7% from August.MarketOverview · statementThe Bank of Russia did not revise the value of the national countercyclical buffer in effect since 01.07.2025 (0.5 p.p. to banks' capital adequacy ratios).Банк России · statementThe Bank of Russia raised the projected path of the key rate for 2027–2028; the average key rate in 2027 is expected in the range of 12.5–13.5% per annum.Банк России · predictionThe Bank of Russia may continue raising the add-on in the future if banks' risks on claims to large companies with elevated debt burden grow.Банк России · prediction
More claims by Банк России
The Bank of Russia did not revise the value of the national countercyclical buffer in effect since 01.07.2025 (0.5 p.p. to banks' capital adequacy ratios).statementThe Bank of Russia may continue raising the add-on in the future if banks' risks on claims to large companies with elevated debt burden grow.predictionAn increase in the loan term is associated with growing credit risks: the probability of a change in the borrower's financial position during the loan term rises, and over time the liquidity and value of the collateral may decline.statementA nominal increase in the loan term allows banks to artificially reduce the size of the loan payment and understate the borrower's debt burden indicator (DBI), which creates conditions for circumventing the established restrictions on lending to borrowers with elevated debt burden.allegationSince the start of 2023, banks have substantially increased the provision of targeted car loans for terms over 7 years; the share of such loans in issuances rose from 8% in Q2 2022 to 26% in Q2 2026.statement
All claims by Банк России