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Reuters

Reuters

Russia's largest lender Sberbank to raise mortgage rates, agencies report

Reuters
Summary
Nutrition label

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".

VR Score

86

Informative language

93

Neutral language

24

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links