Translation. Region: Russian Federation –
Source: Central Bank of Russia
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Nominal interest rates in the money and bond markets rose for the second month in a row in October. At the same time, inflation expectations among both businesses and households increased. However, even taking this into account, monetary conditions tightened slightly compared to September.
Interest rates on loans and deposits continued to decline in September, but at a significantly slower pace than in July and August. Interest rates on corporate loans increased slightly. According to preliminary estimates, the slowdown in corporate lending in September accelerated in October. Monetary aggregate growth increased slightly.
For more details, read the information and analytical commentary. "Monetary conditions and the transmission of monetary policy".
Preview photo: Vladimir Smirnov / TASS
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