“added” to the OFZ curve (the yield curve for phone number database government bonds), and banks add various risk parameters to it that are specific to a specific borrower. This is how pricing works in the credit market. Since we responded promptly to the changed situation and diagnosed the growth in demand very quickly, the shape of the OFZ curve changed.
Response to our rate increase
(this was very typical after the April meeting, when the rate was raised by 0.50 percentage points): the short end of the yield curve moved up following our rate increase, and the long end of the curve even rolled back down a little. Since March, the yield on 10-year OFZs has fluctuated in the range of 7-7.3%. That is, short rates have become higher, and long rates have remained virtually unchanged. Because our actions have become a good signal for the market that we are adequately responding you have previously stated that high inflation to the situation and will return inflation to the target.
Known that you personally promote
issues of maintaining price stability and other monetary policy objectives in videos that you publish on YouTube. In your opinion, such activities increase public confidence ao lists in the regulator’s actions or do you simply enjoy conducting such educational programs?