RBC: banks have increased borrowing from the Central Bank of Russia in anticipation of an increase in the key rate

2023-10-18T08:15:08.792Z

Highlights: RBC: banks have increased borrowing from the Central Bank of Russia in anticipation of an increase in the key rate. On October 12, their liabilities increased to 6.98 trillion rubles, on October 13 - to 7.14 trillion. The sector has moved to a situation where the debt of banks to the Central. Bank exceeds the amount of funds that are placed on deposits and correspondent accounts. Earlier, First Deputy Chairman of the. Central Bank Vladimir Chistyukhin said that the Bank of. Russia will make every effort to reduce the key. rate as inflation slows down.

In Russia, banks sharply increased the volume of borrowing from the Central Bank in mid-October. On October 12, their liabilities increased to 6.98 trillion rubles, on October 13 - to 7.14 trillion. At the same time, on October 17, liabilities decreased to 3.27 trillion rubles.