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SITUATION AND INFLATION ......................................................................................................................................................................................................................... 2
MONETARY CONDITIONS ................................................................................................................................................................................................................................................................................................................................... 5
EXTERNAL ENVIRONMENT ...................................................................................................................................................................................................................................................................................................................... 7
INFLATION RISKS ........................................................................................................................................................................................................................................................................................................................................................................................ 8
CONCLUSIONS FOR MONETARY POLICY AND THE KEY RATE
DECISION .................................................................................................................................................................................................................................................................................................................................................................................................................................................. 9
Summary of
1922
22.05.2024
enterprises (except for credit institutions) for the last 12 months equalled Р33.8 trillion, holding close to its historical peaks. The labour market became tenser.
and foreign currency3 22.7 8–13 7–12 8–13
– on organisations 22.6 8–13 7–12 8–13
– on households, including 23.
foreign currency % YoY -23.8 -17.9 -16.4 -11.2
share of foreign currency* % 8.4 8.9 8.8 8.7
Corporate loans
8,266 8,265 8,508 8,502 8,559 8,553 8,517 8,485 8,575 8,587 8,579 8,570 8,
6
RUONIA as an IBL market benchmark.......................................................................................................................... 6
RUONIA in financial instruments..................................................................................................................................... 8
Detailed information on the indicators for RUONIA calculation......................................................................12
Summary on errors