Russia's broad monetary base up 5.1% in May- Central Bank

Russia's broadly defined monetary base expanded 5.1% to 4.712 trillion rubles ($151 bln) as of June 1 from 4.484 trillion ($143.7 bln) on May 1, the Central Bank reported on Tuesday.

MOSCOW, June 9 (RIA Novosti) - Russia's broadly defined monetary base expanded 5.1% to 4.712 trillion rubles ($151 bln) as of June 1 from 4.484 trillion ($143.7 bln) on May 1, the Central Bank reported on Tuesday.

Broad money supply has declined 15.5% since January.

According to Central Bank terminology, broad money supply consists of cash in circulation, credit institutions' correspondent accounts with the Central Bank, required reserves, bank deposits in the Central Bank, and the Bank's bonds held by credit institutions, and also the Central Bank's obligations to buy back securities and required reserves on foreign exchange operations deposited with the Central Bank.