According to TASS

dWeb.News Article from Daniel Webster dWeb.News

RUSSIA NEWS: , December MOSCOW, December 25., Russian mortgage lending rose by 30.1% in the year ending December 1. /TASS/. According to the Central Bank’s Friday report, mortgage lending in Russia rose by 30.1% in December 1, according to an annual term, said Friday.

” In the segment of mortgage lending following the gradual stabilization in growth rates of debt in July-October due to revisions of the terms and conditions of the state program for interest rate subsidizing, there was an excessive demand for loans in November. However, indebtedness increased by 2.3%. Annually, mortgage lending increased by 30.1% in December 1 2021. According to the regulator, the Bank of Russia will assess the viability of additional steps in the macroprudential policy for mortgage loans during the first quarter of 2022,”.

The Central Bank said that additional measures may be possible if data are available on the impact of its monetary policies on credit activity and crediting standards in the current quarter.

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