Structural liquidity surplus in Russia approached January lows

by time news

The structural liquidity surplus of the banking sector decreased by almost 35 times over 10 days in October: from RUB 2.5 trillion to RUB 2.5 trillion. on October 13 to 72 billion rubles. on October 26, follows from the data of the Bank of Russia. The indicator was less than this value in 2021 on January 13 and January 11 – 52.3 billion and 30 billion rubles. respectively. A structural liquidity surplus means that banks have so much money that they are no longer interested in attracting funds from the Central Bank, but, on the contrary, act as its creditors, placing excess liquidity on deposits. The liquidity shortage, on the contrary, means that banks take from the Central Bank for their operations more than they place on its deposits. The Russian banking system has been in a steady state of liquidity surplus since the beginning of 2017.

On October 26, the Central Bank’s claims on banks reached a maximum since mid-February (1.1 trillion) – 818.7 billion rubles. But the credit institutions themselves on deposits with the Central Bank kept a little more than 1 trillion rubles from October 21 to 26, while since the end of January the figure has not yet dropped below 1.1-1.2 trillion rubles, and on October 13 it exceeded 3.3 trillion rubles …

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