According to the data of the Central Bank, as of September 1, the volume of funds of households and businesses on bank deposits reached 135.4 trillion rubles, of which 68.5 trillion rubles were held by individuals, and 66.9 trillion rubles by legal entities. As Izvestia writes, a high key interest rate encourages businesses to place available funds on deposits instead of investing in the modernization of production, which in the future creates risks for long-term economic growth due to wear and tear of equipment and a decrease in the competitiveness of factories.