Citizens don't need affordable mortgages, but they need affordable housing”: Elvira Nabiolina said further increase in preferential loan programs is a dead end.
Referring to the mortgage situation in Russia, the head of the central bank noted that preferential programs provided their recipients with particularly favorable mortgage prices, but this benefit was largely eroded by the rise in prices.
"The path to affordable market mortgages goes through low inflation. And preferred mortgages should, in my opinion, be strictly targeted."
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