Putin Asks Gref to Reduce Mortgage Rates

Prime Minister Vladimir Putin called on Sberbank, the country’s biggest lender, to lower its average mortgage rates to 8 percent from 11.5 percent to 12 percent now. “We must strive to ensure that the average rate decreases gradually to 8 percent,” Putin told Sberbank chief executive German Gref at a meeting Wednesday outside Moscow. “It will depend, of course, on macroecomics,” Gref said. Gref also spoke with […]