Business

Russia's broad monetary base up 4.6% in October - Central Bank

Russian Central Bank

15:16 10/11/2009

MOSCOW, November 10 (RIA Novosti) - Russia's broadly defined monetary base expanded 4.6% to 5.024 trillion rubles ($179.4 bln) in the month up to November 1, the Central Bank reported on Tuesday.

In September, the broad monetary base declined 2.4%. Broad money supply has declined 10% 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.

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Russia's broad monetary base up 4.6% in October - Central Bank

15:16 10/11/2009 Russia's broadly defined monetary base expanded 4.6% to 5.024 trillion rubles ($179.4 bln) in the month up to November 1, the Central Bank reported on Tuesday.>>

Other news of the day