What will the increase in the key rate lead to?

Question

Fintech

I apologize that the topic is completely non-computer, but there are no services for answering questions on the Internet.
Question on the news:
"On the night of December 15-16, the Board of Directors of the Bank of Russia decided to raise the key rate immediately by 6.5 percentage points - up to 17% per annum"
What does this mean in terms of interest on deposits: they can rise to 17 % (need to open a deposit) or vice versa decrease (run to change dollars)?
I just don't understand the connection between the key rate and the refinancing rate (it's purely paper).
Thanks

Answer 1

https://meduza.io/cards/kak-klyuchevaya-stavka-vli...

Answer 2

That's right, you need to open a ruble deposit because the rate will grow and change dollars, as the ruble will grow. And in general, forecasts that the dollar will fall to 35 and then rise again to 80)) that's what mono to earn

Answer 3

As planned, it will become less profitable to take loans in rubles and immediately convert them into green banknotes, but this will also affect the readiness of businesses to take loans, so that farmers and builders will be the first to feel for themselves, we believe they have killed the construction of new housing in the regions and the development of agriculture, but this I can see it from the couch, maybe I'm wrong.

Answer 4

I think that the deposit rate will also rise, which is good for minfin.com.ua/deposits/safe depositors , but at the same time the rate on loans will increase (