MOSCOW, February 23 – RIA Novosti. A decrease in deposit rates amid the emergence of convenient investment mechanisms leads to the fact that an increasing number of Russians are entering the stock market, said the head of the Bank of Russia Elvira Nabiullina in an interview with the Russia 24 TV channel.
She noted that the regulator has been fixing this trend for several years: in 2018, the number of people who entered the stock market increased by one and a half times, then twice, and in 2020 there was a rapid growth in interest in the stock market.
“I think there are several reasons here. The first is that for many years we have been working to ensure that there are mechanisms, tools that are attractive to people. For example, the institution of individual investment accounts, including those with tax The quality of brokerage services, management companies improved. And, secondly, the services became very convenient: digitalization in the financial market is quite developed, so people can very easily enter the stock market, “Nabiullina said.
“Of course, the third factor, which was especially noticeable in 2020, is a decrease in deposit rates. In principle, our people are used to very high yield on deposits. In 2020, we pursued a soft monetary policy, this, of course, well, for those who borrow from banks, loans have become cheaper, but we see that people who expected a higher profitability transferred money from deposits in banks to the stock market, “added the head of the regulator.
According to her, if this is a healthy process, it can be assessed positively: people have much more opportunity to choose where to invest their free money. For the economy, a stable investment process is also positive: investors are investing in securities of Russian companies.
“I would not like to be in a situation where people entered the stock market, their expectations were disappointed or they were promised something that did not happen: people can simply be disappointed, leave. Then they are unlikely to return, and this will not be a resource for the economy.” , – at the same time Nabiullina drew attention.