Russia's reserves drop $0.3B, central bank buys yuan
The volume of the monetary base in a narrow definition in Russia on October 16 amounted to 23067.8 billion rubles, according to the Central Bank of Russia.
Consensus
- Russia's international reserves decreased by $0.3 trillion from October 9 to October 16.
- The Central Bank of Russia purchased yuan on the domestic market on October 16.
- The value of the yuan in rubles was 12.5 rubles on October 16.
- The Central Bank of Russia reported international reserves data on October 22.
- International reserves include foreign currency assets, monetary gold, SDRs, IMF reserve position, and other reserve assets.
Points of divergence
- The Central Bank of Russia bought yuan worth 12.1 billion rubles specifically on October 16. — vedomosti
- The Central Bank of Russia had previously purchased yuan worth 12.2 billion rubles on October 15 and 12.1 billion rubles on October14. — vedomosti
- The Ministry of Finance of Russia plans to allocate 279.42 billion rubles for foreign currency and gold purchases from October 7 to November 6, with daily purchases equivalent to 12.7 billion rubles. — vedomosti
- The Ministry of Finance expects additional oil and gas revenues of 289.46 billion rubles in October, with a shortfall of 10.04 billion rubles in September. — vedomosti
Coverage (19 sources)
- Money base in Russia grew to 23.07 trillion rubles — Ведомости
- Money base in Russia grew from 9 to 16 October by 186.8 billion rubles — Интерфакс
- Russia's international reserves decreased by $0.3 billion from October 9 to October 16 — Интерфакс
- Money supply in Russia in September grew by 0.1%, annual rate accelerated to 13.3% — Интерфакс
- Bank of Russia bought yuan for 12.1 billion rubles — Ведомости
- Money base in Russia grew from October 2 to October 9 by 98 billion rubles — Интерфакс
- Central Bank: Current account surplus in August amounted to $3.3 billion — Ведомости
- Russia's current account surplus of the balance of payments grew 1.7 times in January-August — Интерфакс
- Russia's international reserves fell by $9.7 billion from October 2 to October 9 — Интерфакс
- Central Bank of Russia noted decline in business price expectations in October after growth from July — Интерфакс
- Broad definition of the Russian Federation monetary base grew by 4.7% in September — Интерфакс
- Central Bank: Russia's monetary base grew to 32.98 trillion rubles in September — Ведомости
- Average deposit rate in top-10 Russian banks rose to 13.06% — Москва 24
- Russian banks increased precious metal reserves by 3.6 tons in August — Интерфакс
- Central Bank of Russia noted slowdown in September growth of requirements for organizations — Интерфакс
- Growth of overdue accounts receivable in the agricultural sector to September 1 accelerated to 4.3% — Интерфакс
- Money base in Russia grew by 20.6 billion rubles from September 25 to October 2 — Интерфакс
- In Russia, non-financial companies increased foreign currency sales by 26% in September — Интерфакс
- Largest exporters in September reduced foreign currency sales to a new minimum — Интерфакс