Indicators of monetary tightness change diversely over January–February
11 March 2025
News
Real interest rates were down in most segments of the financial market, reflecting an improving geopolitical environment and a shift in market participants’ expectations towards an earlier easing of monetary policy.
Credit rates remained high, while requirements for borrowers became tougher. In February, according to high-frequency data, corporate and retail lending continued to slow down, whereas budget operations supported the growth of money supply.
More details are available in the information and analytical commentary Monetary Conditions and Monetary Policy Transmission Mechanism.
Preview photo: Andrii Yalanskyi / Shutterstock / Fotodom