Monetary conditions remain neutral in December
20 January 2023
News
The money and debt market yields did not change significantly in December. This is stated in the Bank of Russia’s information and analytical commentary Monetary Conditions and Monetary Policy Transmission Mechanism.
The ruble weakening in December was caused primarily by a decline in Russian oil prices and export quantities.
Growth rates of corporate lending decreased slightly in November due to tighter requirements for borrowers, but remained at a high level. The subsidised mortgage lending programme supported active household lending. The seasonal inflow of funds to deposits in December 2022 was more intense compared to December 2021.
Preview photo: Pcruciatti / Shutterstock / Fotodom