Monetary conditions continue to ease but remain tight in April–May
10 June 2026
News
Money market rates and corporate bond yields declined in May. Government bond yields were changing diversely.
In April, growth in retail lending remained at the same level MoM, while corporate lending sped up significantly, pushing up money supply. Its growth rate in May was comparable to the April figures.
More details are available in the Bank of Russia’s information and analytical commentary Monetary Conditions and Monetary Transmission.
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