Extra money deposited in the Central Bank

The Bank of Russia continued to withdraw liquidity from the financial sector. In late August, he spent the second in the past month deposit auction. In total, the regulator has drawn on its account 320 billion rubles. at rates above 10% per annum. The presence of a number of major banks' liquidity surplus suggests that the banking system has ceased to meet the needs of the economy and the tight monetary policy of the Central Bank continues to push economic growth and consumer demand.

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