Trends in nominal interest rates showed mixed results during April and May. Despite this, inflation expectations among households and businesses remained high.
Credit activity in both corporate and retail segments was moderate, which limited the growth of money supply in April. Lending conditions continued to be tight.
Further information can be found in the analytical commentary titled “Monetary Conditions and Monetary Policy Transmission Mechanism.”
The Bank of Canada has published a summary detailing its Governing Council’s discussions ahead of its April 29 monetary policy decision. Key topics included global impacts from geopolitical tensions, domestic economic indicators, inflation trends, and considerations regarding future interest rate changes.
Retail investors set a new record for corporate bond purchases in April amid rising oil prices and securities quotes. The Bank of Russia reported increased demand for both domestic bonds and foreign currency among individuals.
New data show that mortgage delinquencies have decreased for loans issued in 2025 compared with previous years. Banks are focusing on careful borrower assessment amid regulatory changes from the Bank of Russia. More older individuals are receiving mortgages while demand shifts across other types of consumer lending.
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