22.07.2025, 21:02
Money supply in Russia increased by 0.7% in June
Source: OREANDA-NEWS
OREANDA-NEWS The money supply (M2 aggregate) in Russia in June 2025 increased by 875.6 billion rubles, or 0.7%, to 119 trillion 94.7 billion rubles after growing by 0.6% in May, according to the website of the Bank of Russia.
At the same time, the annual growth rate of the money supply on July 1 decreased to 15.0% from 15.3% on June 1.
The broad money supply, excluding currency revaluation, increased by 0.6% in June after also rising by 0.6% in May. The annual growth rate accelerated to 12.8% as of July 1, compared with 12.5% as of June 1.
The amount of cash in circulation (M0) increased by 194.7 billion rubles, or 1.2%, to 16 trillion 701.5 billion rubles in June after decreasing by 0.2% in May. As of July 1, the volume of cash remained virtually unchanged after a 1.5% decrease on June 1.
The contribution of the banking system's requirements to organizations and households to the growth of the broad money supply, with the exception of currency revaluation, remains decisive, but in recent months it has gradually decreased.
In June 2025, the annual contribution of the banking system's requirements to the economy amounted to 14.2 trillion rubles. Almost all of the increase was due to increased requirements for organizations, while household requirements remained virtually unchanged over the year.
In June, the positive annual contribution of net claims against government agencies to the increase in the money supply increased to 4.8 trillion rubles, compared with 4.5 trillion rubles in May. Monthly increase in net claims against government agencies in June (0.6 trillion rubles) it was less than the indicator of the previous month (0.7 trillion rubles in May).
The contribution of net foreign assets of the Bank of Russia and credit institutions to the annual dynamics of the money supply became positive and amounted to 0.8 trillion rubles (a month earlier it was negative - minus 0.6 trillion rubles).
The M2 monetary unit includes the M1 monetary unit (this is cash in circulation outside the banking system (monetary unit M0) and balances of funds in national currency on settlement, current and other demand accounts of the population, non-financial and financial (except credit) organizations that are residents of the Russian Federation) and balances of funds in national currency on urgent accounts deposits and other borrowed funds of the population, non-financial and financial (except credit) organizations that are residents of the Russian Federation.
The broad money supply includes, along with the M2X aggregate, all types of deposits in foreign currency, deposit and savings certificates.
At the same time, the annual growth rate of the money supply on July 1 decreased to 15.0% from 15.3% on June 1.
The broad money supply, excluding currency revaluation, increased by 0.6% in June after also rising by 0.6% in May. The annual growth rate accelerated to 12.8% as of July 1, compared with 12.5% as of June 1.
The amount of cash in circulation (M0) increased by 194.7 billion rubles, or 1.2%, to 16 trillion 701.5 billion rubles in June after decreasing by 0.2% in May. As of July 1, the volume of cash remained virtually unchanged after a 1.5% decrease on June 1.
The contribution of the banking system's requirements to organizations and households to the growth of the broad money supply, with the exception of currency revaluation, remains decisive, but in recent months it has gradually decreased.
In June 2025, the annual contribution of the banking system's requirements to the economy amounted to 14.2 trillion rubles. Almost all of the increase was due to increased requirements for organizations, while household requirements remained virtually unchanged over the year.
In June, the positive annual contribution of net claims against government agencies to the increase in the money supply increased to 4.8 trillion rubles, compared with 4.5 trillion rubles in May. Monthly increase in net claims against government agencies in June (0.6 trillion rubles) it was less than the indicator of the previous month (0.7 trillion rubles in May).
The contribution of net foreign assets of the Bank of Russia and credit institutions to the annual dynamics of the money supply became positive and amounted to 0.8 trillion rubles (a month earlier it was negative - minus 0.6 trillion rubles).
The M2 monetary unit includes the M1 monetary unit (this is cash in circulation outside the banking system (monetary unit M0) and balances of funds in national currency on settlement, current and other demand accounts of the population, non-financial and financial (except credit) organizations that are residents of the Russian Federation) and balances of funds in national currency on urgent accounts deposits and other borrowed funds of the population, non-financial and financial (except credit) organizations that are residents of the Russian Federation.
The broad money supply includes, along with the M2X aggregate, all types of deposits in foreign currency, deposit and savings certificates.
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