Banki.ru

Russian banks will begin calculating taxes on deposit interest under a new automated system, with withholdings processed automatically rather than through manual filings, according to Banki.ru. The change affects savers across the country, who have been discussing how the new rules will apply to their interest income and whether amounts will be deducted directly from accounts.

Russians are preparing for a further rise in inflation, according to reporting by Banki.ru, as inflationary expectations become a widely discussed topic in the country. Growing concern among households about price increases is drawing attention, with expectations seen as a factor that can itself feed into faster price growth and influence the central bank's policy decisions.