Monetary conditions and financial market indicators change diversely in January–February
10 March 2023
News
In January, households continue to transfer their funds to long-term deposits. Lending activity edged down. In January—February, the growth of money supply in the national definition continued to accelerate due to the inflow of funds into the economy through the fiscal channel.
In February, money and debt market yield curves shifted upwards along their entire length. The changes in yields for short-term maturities indicated that the market participants were reviewing their expectations for the key rate path.
More details are available in the information and analytical commentary Monetary Conditions and Monetary Policy Transmission Mechanism.
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