Support The Moscow Times!

Borrowing Costs Drop

Russian corporate borrowing costs from domestic banks fell in July to 10.5 percent, the lowest level since January 2008, the Central Bank said Friday.

The rate declined from 11.5 percent in the previous month, the Central Bank said. The average interest rate for corporate loans peaked in January last year at 17.4 percent. It was last below 11 percent in January 2008, when it reached 10.4 percent.

(Bloomberg)


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.