Indicators of monetary conditions change diversely in October–November
11 December 2025
News
Nominal interest rates in the money and bond markets were mainly declining in November. Inflation expectations of households and businesses rose, while those of the market decreased.
Interest rates on long-term loans and deposits of households continued to go down in October, but those on short-term ones remained close to the September values. Interest rates on corporate loans declined in October, helping credit activity recover in the corporate segment.
The change in monetary aggregates in November was comparable with the previous month.
More details are available in the Bank of Russia’s information and analytical commentary Monetary Conditions and Monetary Transmission.
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