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of the parties may change the terms unilaterally after they have been fixed in the system that
cannot be circumvented.
Higher efficiency of government finance
1.4 5.1 -1.4 -1.6 -3.3 3.2
Fixed capital Cumulative,
investment % YoY
2025 Q1 8.7 10.8 24.3
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ones were growing faster, which may be associated with depositors’ desire to fix the current rates.
More details are available in the new information and
the debt market,
investors increased the demand for standard issues at a fixed interest rate, including standard medium-
and long-term issues. Securities were mainly offered
105
25.07.2025
have already mentioned. Nevertheless, even these examples show that there is no fixed correspondence between the key rate and the current price growth rate. We
5–2.5 1.0–3.0 1.0–3.0
– gross fixed capital formation 6.0 1.5–3.5 0.0–2.0
last year led to a significant deceleration in household consumption2. That
said, fixed investment showed strong growth, which was, however, concentrated in a nar-
row
on general government are credit institutions’
and other funds attracted for a fixed term in rubles, all types claims on federal government of the Russian
bank can still recoup a portion in period t. The
bracket includes fixed recovery rate , plus parameters that scale how
the bank recovers from household
of variable rate loans remains high compared to fixed rate loans. The
ratios of restructured variable and fixed rate loans are also comparable.
Hence, income