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CBR Raise Reserve Requirements

RUSSIA

Full CBR release on reserve requirements: https://www.cbr.ru/press/pr/?file=25072022_195944D...

"In the context of a growing structural liquidity surplus, the gradual normalization of the situation on the financial market, and in order to maintain the trend towards devaluation of the balance sheets of credit institutions, the Bank of Russia raised the required reserve ratios:

  • By 1 p.p., up to 3%, for all categories of reservable liabilities in the currency of the Russian Federation for banks with a universal license and non-bank credit institutions
  • By 1 p.p. for banks with a universal license and banks with a basic license and 3 p.p. for non-bank credit institutions, up to 5%, for all categories of reserved liabilities in foreign currency."
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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