Translation. Region: Russian Federation –
Source: Central Bank of Russia
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Nominal interest rates in the money and bond markets rose significantly in September after declining in previous months. At the same time, inflation expectations among both businesses and households declined slightly. This also contributed to the tightening of monetary conditions compared to August.
Interest rates on loans and deposits declined in August amid the ongoing transmission of the previously implemented monetary easing. A slight recovery in corporate and retail lending continued in August. However, by the end of September, credit growth to the economy moderated again, and monetary aggregate growth slowed.
For more details, read the information and analytical commentary. "Monetary conditions and monetary policy transmission".
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