Sberbank Raises Mortgage Rates
This is a Russia news story, published by Yahoo Finance (Canada), that relates primarily to Sberbank news.
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largest lender SberbankReuters
•Russia's largest lender Sberbank to raise mortgage rates, agencies report
75% Informative
Russia 's largest lender Sberbank will raise its market mortgage rates to a minimum of 20% from Tuesday .
The move follows the Russian central bank decision last month to raise its key rate by 200 basis points to 18% , RIA state news agency reported.
The bank's head warned later that the country's economy has entered "very stormy uncharted waters".
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