MOSCOW, November 15. /TASS/. The economic block monitors the consequences of measures to ensure macroeconomic stability, with a rise in credit rates among them, Kremlin Spokesman Dmitry Peskov told a briefing.

"Obviously, our economic block and those dealing with the economy in the presidential administration keep a close watch on economic dynamics. Measures to ensure macroeconomic stability in the country are taken," he said.

"And the consequences of those measures are thoroughly monitored as well," he said when asked whether the Kremlin feels concern about mortgage loans becoming less available.

The Bank of Russia sharply raised the key rate by 2 percentage points to a record level of 21% per annum at a meeting of the board of directors on October 25. It also did not rule out the possibility of its further increase at the next meeting, saying that further tightening of monetary policy is required to ensure the return of inflation to the target and reduce inflation expectations.