EconomyFurther expansion of subsidized lending is a dead end, Bank of Russia says
Bank of Russia Governor Elvira Nabiullina told the State Duma that expanding subsidized lending programs further would be a dead end because of the budget burden and the aim of making market prices affordable for everyone. Preferential-rate loans have approached 19 trillion rubles, 14% of all ruble loans, she said, adding that their large volume is one reason the key rate is high.
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TASS★★★☆☆2026-11-12 12:59Original
Further expansion of subsidized lending is a dead end, Bank of Russia says