The Central Bank of Russia published its information and analytical commentary on Monetary Conditions and Monetary Transmission, reporting that money market rates and corporate bond yields declined in May. Government bond yields moved in different directions. In lending, retail lending growth in April was unchanged month on month, while corporate lending accelerated significantly and pushed up money supply. Money supply growth in May was comparable to the April pace.
Central Bank of Russia2026-06-10
Central Bank of Russia reports lower May money market rates and faster corporate lending growth
The Central Bank of Russia said money market rates and corporate bond yields fell in May, while government bond yields were mixed. Retail lending growth in April was unchanged month on month, but corporate lending accelerated significantly and lifted money supply. Money supply growth in May was comparable to April.