Bank Loan Remains the Main Tool to Maintain Households’ Spending
Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018, No. 6, pp. 5-6
2 Pages Posted: 29 May 2019
Date Written: May 2, 2019
Households’ bank savings at the turn of 2019 have demonstrated better performance against the last year. The largest share of deposits unlike last year was denominated in foreign currency. In the meantime, brisk recovery of the bank lending on the retail side is ongoing. This strengthens the credit model of the households’ financial behavior.
Keywords: Russian Economy, Bank Loans, Household Spending
JEL Classification: E41, G21, G24, G28
Suggested Citation: Suggested Citation