The Central Bank predicts a significant weakening of lending activity in Russia 18.03.2022
The growth of lending rates in Russia and compliance with bank accounts to reduce the decline in creditworthiness tightening lending conditions, against this background, a significant weakening of lending activity is observed in the coming months. This is stated in about on the website of the Central Bank.
However, the measures taken by the Bank of Russia on spending on the financial market and regulatory easing, government incentives for lending programs for resource holders for enterprises, especially in the most vulnerable sectors, soften the scope of regulation of economic activity. “The monetary policy pursued by the Bank of Russia shows interest in deposits and attracts the population’s propensity to save,” the Central Bank reports.
The cardinal change in the external environment for the Russian economy, which occurred earlier, caused a sharp increase in the stable financial system, but the increase in the key rate on February 28 Deposit rates increased, which restored the inflow of funds for fixed-term ruble bank deposits and stabilized the population’s demand for cash.
In the coming quarters of Russia, a decline in GDP is predicted.
18.03.2022 13:40