Russian economy found overleveraged

26.09.2023

According to the Central Bank, in August credit to the population grew by RUB979bln (RUB4.1 trillion since the beginning of the year) a 3.2% increase for the month and 20.7% in annual terms. Mortgages (especially preferential mortgages) grew fastest amid rising market rates and expected tighter regulation. "The issuance of preferential...