Translation. Region: Russian Federation –
Source: Central Bank of Russia
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In a month credit to the economy increased by 0.4% after a seasonal contraction of 0.5% in January.
Annual growth accelerated from 9.4% to 9.6%. This was driven by a resumption of growth in corporate lending, primarily driven by ruble loans to non-financial organizations. However, consumer lending halted in February.
The postponement of tax payments from the end of February to March, coupled with the growth of corporate lending, led to a significant acceleration in the annual growth of the money supply – from 11.0% in January to 12.4% in February.
Preview photo: Evgeny Messman / TASS
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