Money and debt market rates sink in April
19 May 2022
News
Interest rates were cut amid macroeconomic stabilisation and low inflationary pressure reflecting market participants’ expectations for more rapid monetary policy easing.
The ruble exchange rate against the US dollar recovered to the level of November 2021.
After the key rate soared in February, the segment of short-term deposits showed the highest growth since 2014. Lending activity slowed down but in some segments it was supported by subsidised government programmes.
More details are available in the new issue of the commentary Banking Sector Liquidity and Financial Markets.
Preview photo: Pressmaster / Shutterstock / Fotodom