MOSCOW, July 26 The Central Bank of the Russian Federation does not rule out macroprudential measures to avoid excessive indebtedness of enterprises, but there is no decision yet, said Bank of Russia Chairwoman Elvira Nabiullina.
«As for macroprudential measures for corporate lending, theoretically this is possible. Some countries have such macroprudential measures. Their goal, if they are introduced, will not be to influence the growth rate of corporate lending, but to prevent the increase in lending to risky borrowers who have already accumulated large debts,» she told journalists at a press conference following a meeting of the Central Bank's board of directors.
«We know about individuals that when they have accumulated large debts, their income does not allow them to service them, but the same can happen with enterprises. Revenue, their projected cash income may not allow them to service the loans they take… It is possible to use macroprudential measures. We discussed this some time ago, but have not yet come to a decision,» Nabiullina added.
On Friday, the Bank of Russia raised the key rate for the first time this year — expectedly by 2 percentage points, to 18% per annum. This is the maximum rate since the beginning of April 2022, when it was at 20% per annum.