The monetary base growth in Russia has slowed

In Russia, the monetary base in narrow definition has increased from 10 to 17 July 2020 by 101.9 billion to 13 trillion 82.3 billion rubles, follows from materials of the Central Bank of the Russian Federation.

Recall that a week earlier, the monetary base grew by 117,9 billion roubles, before — on a 109.6 billion rubles, even earlier, — decreased by 28.7 billion rubles.

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.

we also Add that, according to Rosstat, in June consumer prices in Russia rose 0.2% the previous month, when they rose 0.3%. While yoy inflation in June accelerated to 3.2% from 3% in may.

Over the past year, consumer prices rose by 3% (December to December 2018). Thus, 3-percent inflation rate in 2019 was the second lowest value of this indicator for all history of modern Russia. The absolute minimum was recorded at the end of 2017 and 2.5% in 2018, prices increased by 4.3%.

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