frozen credit English
Translation frozen credit in Russian
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frozen credit English » Russian
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News and current affairs
Indeed, the credit channel is frozen and velocity has collapsed, with banks hoarding increases in base money in the form of excess reserves.
Кредитный канал заморожен и скорость замедлилась, а банки безудержно накапливают денежную массу в виде избыточных резервов.