The Bank of Russia has maintained the forecast of the structural liquidity balance at the end of 2024 at the same level. This is stated in the Central Bank's commentary on the medium-term macroeconomic forecast.
On average, over the December period of averaging mandatory reserves, the surplus is estimated at 0.2-1 trillion rubles.
At the end of December, due to the seasonal growth of budget expenditures and the conversion of NWF funds outside the budget rule to finance them, the liquidity surplus will increase compared to the November level, the regulator emphasizes.
