The monetary base in Russia continues to decline

In Russia, the monetary base in narrow definition has decreased over the period from 20 to 27 September 2019 63 billion to 10 trillion 562.4 billion rubles, follows from materials of Bank of Russia.

The monetary base in narrow definition includes the released cash (taking into account balances in tills of credit institutions) and balances on accounts of compulsory reserves by attracted by credit organizations resources in the national currency, deposited in Bank of Russia.

A week earlier, the volume of narrow monetary base decreased by 36.3 billion rubles.

Recall also that, according to Rosstat, consumer prices in Russia for the period from 24 to 30 September, 2019 not changed, as a week earlier, after the previous three weeks was recorded deflation of 0.1%, and from the beginning of the year inflation has remained at around 2.2 percent.

In August, consumer prices in Russia decreased by 0.2% compared to the previous month. While yoy inflation in August decelerated to 4.3% from 4.6% in July.

In 2018, consumer prices in the country increased by 4.3% (December to December 2017), and a year earlier the inflation rate was recorded at the historical low level of 2.5%.

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