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Crisis prompts higher interest rates on ruble loans
RBC, 31.10.2008, Moscow 14:01:07.Interest rates on ruble loans cannot be low during times of high capital outflow, Chairman of the Bank of Russia Sergei Ignatyev said during today's State Duma session. He indicated that interest rates for reliable clients could amount to 14-15 percent if inflation reached 15 percent. Ignatyev also stated that in those sectors, where risks were high, interest rates could be even greater. However, he expressed hope that this period would not last long.
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