Growth of credit to economy decelerates slightly in November
22 December 2025
News
In November 2025, the monthly growth rate of credit to the economy was 1.5% vs 1.8% in October 2025.
The deceleration was mainly caused by a decrease in corporate lending growth. Household borrowings rose moderately, primarily on account of mortgage loans.
Broad money was up by 1.3% in November vs +1.7% in October. Balances in household ruble deposits edged down compared to October. As a result, annual growth of money supply in the national definition slowed down.
More details are available in the new issue of Credit to the Economy and Money Supply.
Preview photo: Dmitry Rogulin / TASS