The Central Bank of Russia published an update showing that broad money supply M2X increased by 1.2% in April, driven mainly by growth in household ruble deposits. Annual M2X growth rose to 12.5% from 12.2% in March, while annual growth in credit to the economy increased to 9.4% from 9.0%. Credit to the economy remained the main driver of money supply growth, and the fiscal sector continued to make a positive contribution to the increase in money supply.
Central Bank of Russia2026-05-28
Central Bank of Russia reports April M2X growth accelerated to 12.5% on higher household ruble deposits
The Central Bank of Russia reported that broad money supply M2X rose by 1.2% in April, mainly due to higher household ruble deposits, with annual M2X growth increasing to 12.5% from 12.2% in March. Annual growth in credit to the economy accelerated to 9.4% from 9.0%, with credit remaining the main driver of money supply growth and the fiscal sector also contributing positively.