Money and debt market rates decline in May
17 June 2022
News
Interest rates in the money and debt markets decreased as the Bank of Russia eased its monetary policy amid slower inflation, which was due to a stronger ruble, among other factors.
The exchange rate of the ruble against the US dollar reached the level of January—March 2018.
Households’ propensity to save edged up, supporting the retail deposit market in the conditions of uncertainty. Credit activity continued to decline, but the subsidised lending programmes launched by the government are intended to promote an expansion of loan portfolios.
More details are available in the new issue of the Banking Sector Liquidity and Financial Markets commentary.
Preview photo: 06photo / Shutterstock / Fotodom