High-frequency indicators show some easing of monetary conditions in May
9 June 2023
News
Money market rates hardly changed, reflecting the continued expectations of market participants of tighter monetary policy in 2023 H2. Household inflation expectations grew, while companies’ price expectations slightly decreased, although they continued to increase in certain sectors.
In April, lending activity rose in both corporate and retail segments. Current accounts made up a significant share of the inflow of households’ funds into banks. The growth of monetary aggregates remained close to local highs, with their annual increases accelerating after the drop in April.
More details are available in the information and analytical commentary Monetary Conditions and Monetary Policy Transmission Mechanism.
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