The Bank of Russia published an analytical note on changes for banks and their clients in the event of the release of the digital ruble.<\/p>\n
According to the document, the central bank’s launch of its own digital currency (CBDC) will shift a portion of interest income in favour of account and deposit holders. It could compel banks to raise rates on balances on salary, settlement and current accounts.<\/p>\n
Credit institutions are not required to raise rates to market levels, since the Central Bank will not pay interest on balances held in wallets with digital rubles. This should prevent ‘competition with banks for citizens’ savings’, according to the Bank of Russia.<\/p>\n
Analysts noted that the issuance of CBDC will not cause a funding shortage, and loans ‘should not become more expensive’.<\/p>\n
\n‘This may raise the cost of banking services, as banks pass on part of the lost income to fees, including, possibly, for account maintenance.’<\/p>\n<\/blockquote>\n
\u0410\u043d\u0430\u043b\u0438\u0442\u0438\u0447\u0435\u0441\u043a\u0430\u044f \u0437\u0430\u043f\u0438\u0441\u043a\u0430<\/a> by ForkLog<\/a> on Scribd<\/p>\n