Monetary conditions tighten again in October–November
10 December 2024
News
Nominal and real rates in most financial market segments rose after the key rate path shifted upwards, as expected by market participants.
Attractive deposit rates continued to stimulate the inflow of household funds into deposits. Contrastingly, rising lending rates and tightening macroprudential policy helped cool retail lending. According to recent data, corporate lending also showed much more moderate growth.
More details are available in the information and analytical commentary Monetary Conditions and Monetary Policy Transmission Mechanism.
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