Translation. Region: Russian Federal
Source: Central Bank of Russia –
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Nominal interest rates in most segments of the financial market continued to decrease. Inflation expectations of the population and business remained elevated.
Following the reduction of the key rate, rates on banks' credit and deposit operations decreased. The revival of corporate lending and moderate but increased credit activity of the population supported faster growth of monetary aggregates in July-August.
For more details, read the information and analytical commentary "Monetary conditions and the transmission mechanism of monetary policy".
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