1 Dec 2009 13:26

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.