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Required Reserves Ratios
(percent)
Required reserve ratio Required reserve ratio Required reserve ratio
Required reserve ratio Required reserve ratio Required reserve ratio
on
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12.04.2019
of Russia as a result of a more even averaging of required reserves. As banks increased their supply of funds at the Bank of Russia
Figure 7: Significant international reserves assuring financial stability Figure 8: Sovereign debt to GDP lowest in both EM and DM spaces
Reserves, $bn External debt,
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05.04.2019
including on operations subject to mandatory control;
• systematically understated the amount of reserves to be set up and overstated the value of assets in order
Process». Monthly Report, April 2017.
Carpenter S. and Demiralp S. (2012) «Money, reserves, and the transmission of monetary
policy: Does the money multiplier exist?». Journal
notable improvement in
retailers’ 2018 financial results suggests that they have sufficient reserves to afford this.
2 The net effect of the VAT increase from
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03.04.2019
On Procedure for Credit Institutions to Account Operations Related to Compliance with Reserve Requirements’ (becomes effective on 1 May 2019; posted on the Bank of