Nominal interest rates increased in most financial market segments during August, according to recent data.
Retail lending noticeably declined following the termination of the extensive Subsidised Mortgage programme and the modification of the Family Mortgage terms and conditions. This decrease was also influenced by restraining macroprudential measures. Despite this, corporate lending growth remained high. Attractive rates in the deposit market contributed to a higher propensity to save among consumers.
More details are available in the information and analytical commentary "Monetary Conditions and Monetary Policy Transmission Mechanism."
Preview photo: Oleg Elkov / TASS