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at a Bank of Russia research workshop in February 2022.
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of banks’ required reserves with the Bank of Russia -0.1 0.7 0.0 0.6
2. Change in free bank reserves (correspondent accounts
accumulated reserves in the form of the
National Wealth Fund, balances of budget funds in the Single Treasury Account and
commercial banks. Accumulated reserves will
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for cash, cumulative total
Source: Bank of Russia.
• Decreased required reserves ratio. The required reserves ratio was reduced to 2% for all cate-
gories of