Russia's Central Bank to Understand Lending Trends in April, Governor's Advisor Says
Kirill Tremasov, advisor to the governor of Russia's central bank, said on Saturday that the bank will have a full understanding of lending trends by the April meeting on the key rate, but for now it is too early to talk about it. The Russian credit slowdown in early 2025 has been offset by a "strong fiscal impulse", Tremasov said. However, data on the lending situation remains muddled by seasonality and other factors until April.
- The ongoing ambiguity surrounding Russia's lending trends may be a symptom of deeper structural issues within the country's economy, which could have far-reaching implications for global financial markets.
- What specific economic indicators will policymakers in Russia use to determine when they can confidently assert that the current credit slowdown is over?