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235. 14. Cava G., Wang L. (2021) The Rise in Household Liquidity. Reserve Bank of Australia. Re- search Discussion Paper, 2021–10. 15. Christelis D.

Р50 billion. The Bank of Russia ordinance regulating the investment of pension reserves comes into force on 13 October 2024. A similar procedure regarding pension

deposits — credit institutions’ funds with the Bank of Russia (correspondent accounts, required reserves, deposits, credit institutions’ balances on other transactions); debt securities — credit institutions’ investments

balance sheet accounts of the Bank of Russia, data on the international reserves of the Russian Federation, nonreserve assets and liabilities, the structure of foreign

Russia or an indication of its official policy or decisions. All rights reserved. Any reproduction is permitted only with the authors’ consent. Cover photo: Shutterstock

International Reserves of the Russian Federation*.......................................................................................................................... 16 1.8. International Reserves and Foreign Currency Liquidity — Russia................................................................................................... 17 1.9. International Reserves Adequacy (International Reserves in

vs 40 bp in July). At the end of the July required reserves (RRs) averaging period (AP)1, the spread between RUONIA and the key

of required reserves. Data are given on average over a required reserves averaging period (hereinafter, averaging period). 2 To comply with the reserve requirements, banks

the NPFs’ pension reserves which exceeded Р1.9 trillion by the end of June. The positive dynamics of the NPFs’ pension reserves were driven by

M. (2008). «Does natural rate variation matter? Evidence from New Zealand». В: Reserve Bank of New Zealand Discussion Paper Series. 38 Laxton, J., I. Ermolaev,