Russian money supply grows 7% in Nov, expected growth 10% in year

Home > Newsroom > Top Stories > Russian money supply grows 7% in Nov, expected growth 10% in year

Russian money supply grows 7% in Nov, expected growth 10% in year

LONDON. Dec 1 (Interfax) - Money supply in Russia grew 7% during November and could grow 10% in the year as a whole, CB First Deputy Chairman Alexei Ulyukayev said at a banking forum in London.

"This is good. It means demand for money is on the rise," he said, adding money supply growth was concentrated mainly in the debt instrument segment.

He also said inflationary risk in Russia was low for the time being.

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.