Published on: 2026-09-15
Source: Central Bank of Russia – Central Bank of Russia –
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Money market rates fell in August, while long-term OFZ yields increased by the end of the month. Market credit rates in July decreased moderately. Deposit rates continued to decline in July, and in August, according to preliminary indicators, showed a slight increase.
The annual growth of the broad money supply (M2X) slowed in July due to a reduction in the contribution from budget operations. In August, according to preliminary data, the growth rates of M2X slightly decreased, remaining near the highs of the past 12 months.
Read more about it in the informational and analytical commentary “Monetary policy conditions and MPC transmission”.
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