Monetary conditions continue to tighten
11 March 2024
News
In February, indicators of monetary conditions continued to tighten as a reaction to the key rate increases in 2023 H2 and the Bank of Russia’s signal of its intention to maintain tight monetary conditions for long.
Yields on federal government bonds rose in February. Inflation expectation indicators declined but remained elevated. Lending activity was more subdued than in 2023 Q3—Q4. The annual growth rate of monetary aggregates slowed down slightly, though remaining above the values of
More details are available in the information and analytical commentary Monetary Conditions and Monetary Policy Transmission Mechanism.
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