Russia's broad monetary base up 4.7% in Sept 2026 - Central Bank of Russia

MOSCOW. Oct 14 (Interfax) - Russia's broad monetary base grew by 1.481 trillion rubles or 4.7% in September 2026 to 32.978 trillion rubles, according to data published on the Central Bank of Russia's website.

The monetary base grew by 2.314 trillion rubles or 7.5% in January-September 2026 from 30.664 trillion rubles as of January 1.

The annual growth rate rose to 18.5% as of October 1 from 16.7% on September 1.

Cash in circulation increased by 348.1 billion rubles or 1.6% in September to 22.235 trillion rubles.

Cash increased by 2.785 trillion rubles or 14.3% in January-September 2026; at the beginning of the year it was 19.45 trillion rubles. The increase in cash in 9M 2026 therefore exceeded the increase in the monetary base as a whole over this period 1.2 times.

The annual growth rates of cash amounted to 20.9% as of October 1 (the maximum since October 1, 2023) after 20.0% as of September 1.

The share of cash in the monetary base decreased to 67.4% in September from 69.5%.

Within the monetary base, correspondent accounts held by banks with the Central Bank increased by 1.729 trillion rubles or 38.2% in September to 6.259 trillion rubles. Bank deposits with the Central Bank decreased by 592.5 billion rubles or 13.2% to 3.896 trillion rubles.

The broad monetary base includes cash issued into circulation by the Central Bank, taking into account the balances in the cash holdings of credit institutions, balances in required reserve accounts deposited by credit institutions with the Central Bank, funds in credit institutions' correspondent accounts, bank deposits placed with the CBR and investments by credit institutions in CBR bonds and other liabilities for operations with credit institutions in the national currency.

The dynamics of the broad monetary base characterize changes in the money supply formulated by the authorities responsible for monetary policy.