Indicators of monetary tightness move diversely in December–January
7 February 2025
News
Nominal interest rates declined in response to the Bank of Russia’s decision to keep the key rate unchanged last December. Deposit rates began to go down, while lending rates remained high. Requirements for borrowers toughened.
In January, according to recent data, corporate and household lending continued to slow down, whereas fiscal operations supported the growth of money supply.
More details are available in the information and analytical commentary Monetary Conditions and Monetary Policy Transmission Mechanism.