Dmitry Bederdinov, CEO of ANO "Coordination Council
Posted: Mon Jan 20, 2025 8:42 am
A representative of the press service of PJSC Mobile TeleSystems (MTS) said that in order to ensure stable growth of the MWS cloud business and meet the demand for computing power from MTS, the company is continuously developing a network of data centers and does not plan to suspend the construction of new data centers. "The construction of data centers is a capital-intensive process, the current level of the key rate of the Central Bank is a barrier to attracting additional investment in this area. The Ministry of Digital Development promised to provide a mechanism for stimulating the construction of data centers through reimbursable financing within the framework of the national project "Data Economy". We hope that this initiative of the regulator will be continued," he explained.
for Data Centers sri lanka whatsapp resourceand Cloud Technologies" (ANO KS TsOD), said that market participants have no plans to stop creating new data centers. "But unfortunately, the situation with the payback periods of projects is really complicated, since the return on investment in the colocation segment, taking into account the current key rate, takes 15 years, and this could seriously slow down the market growth in the near future. Last fall, ANO KS TsOD proposed to include in the national project "Data Economy and Digital Transformation of the State" an event to subsidize the key rate for new data center projects. The market really hopes that this proposal will be included in the new program and an acceptable mechanism for its provision will be developed," he said.
Andrey Aksenov, CEO of the commercial data center network operator in Moscow, Ixcellerate, noted that IXcellerate is expanding its data center network using personal and borrowed funds: "There are no construction stoppages and/or plans to freeze new facilities. We have not made any requests to the regulator regarding the refinancing rate."
Position of the Central Bank
When asked by a ComNews correspondent whether the Central Bank of the Russian Federation (CB) would raise or lower the refinancing and lending rates, a representative of the CB press service said that on June 20, the CB published a summary of the discussion of the key rate, which was attended by members of the Board of Directors of the Bank of Russia, the management of the Monetary Policy Department, the Research and Forecasting Department, and a number of other departments and main departments of the Bank of Russia. Following the discussion, on June 7, 2024, the Board of Directors of the Bank of Russia kept the key rate at 16% per annum from June 10, 2024.
"At the time of the June decision on the key rate, there are no decisive arguments to reject the baseline scenario in favor of the alternative one and raise the key rate to 17-18% y/y. However, if convincing evidence of the alternative scenario being realized is received in statistical data, a decision may be made at the July meeting to raise the key rate, and significantly," the Central Bank said in a statement.
"The assessment of the sufficiency of monetary conditions became a significant discussion point. Some participants expressed the opinion that the absence of a noticeable slowdown in lending may indicate insufficient monetary conditions. In this case, an additional response from monetary policy is required. Another point of view was that more time is needed for the tightening of price conditions to be fully reflected in the lending dynamics. Many economic agents, in anticipation of an imminent reduction in the key rate, could attract loans at floating rates or with the expectation of refinancing a loan on more favorable terms. Given the communication from the Bank of Russia, these expectations should be adjusted, which will affect the pace of lending. In addition, preferential programs have a significant impact on credit growth. After the termination of non-targeted preferential mortgages in July, the impact of the current monetary policy on lending activity should become more pronounced. It is necessary to obtain additional data to draw a conclusion about the sufficiency of the degree of monetary conditions," the Central Bank of Russia said in a statement.
for Data Centers sri lanka whatsapp resourceand Cloud Technologies" (ANO KS TsOD), said that market participants have no plans to stop creating new data centers. "But unfortunately, the situation with the payback periods of projects is really complicated, since the return on investment in the colocation segment, taking into account the current key rate, takes 15 years, and this could seriously slow down the market growth in the near future. Last fall, ANO KS TsOD proposed to include in the national project "Data Economy and Digital Transformation of the State" an event to subsidize the key rate for new data center projects. The market really hopes that this proposal will be included in the new program and an acceptable mechanism for its provision will be developed," he said.
Andrey Aksenov, CEO of the commercial data center network operator in Moscow, Ixcellerate, noted that IXcellerate is expanding its data center network using personal and borrowed funds: "There are no construction stoppages and/or plans to freeze new facilities. We have not made any requests to the regulator regarding the refinancing rate."
Position of the Central Bank
When asked by a ComNews correspondent whether the Central Bank of the Russian Federation (CB) would raise or lower the refinancing and lending rates, a representative of the CB press service said that on June 20, the CB published a summary of the discussion of the key rate, which was attended by members of the Board of Directors of the Bank of Russia, the management of the Monetary Policy Department, the Research and Forecasting Department, and a number of other departments and main departments of the Bank of Russia. Following the discussion, on June 7, 2024, the Board of Directors of the Bank of Russia kept the key rate at 16% per annum from June 10, 2024.
"At the time of the June decision on the key rate, there are no decisive arguments to reject the baseline scenario in favor of the alternative one and raise the key rate to 17-18% y/y. However, if convincing evidence of the alternative scenario being realized is received in statistical data, a decision may be made at the July meeting to raise the key rate, and significantly," the Central Bank said in a statement.
"The assessment of the sufficiency of monetary conditions became a significant discussion point. Some participants expressed the opinion that the absence of a noticeable slowdown in lending may indicate insufficient monetary conditions. In this case, an additional response from monetary policy is required. Another point of view was that more time is needed for the tightening of price conditions to be fully reflected in the lending dynamics. Many economic agents, in anticipation of an imminent reduction in the key rate, could attract loans at floating rates or with the expectation of refinancing a loan on more favorable terms. Given the communication from the Bank of Russia, these expectations should be adjusted, which will affect the pace of lending. In addition, preferential programs have a significant impact on credit growth. After the termination of non-targeted preferential mortgages in July, the impact of the current monetary policy on lending activity should become more pronounced. It is necessary to obtain additional data to draw a conclusion about the sufficiency of the degree of monetary conditions," the Central Bank of Russia said in a statement.