The Bank of Russia has raised the forecast of the structural liquidity deficit of banks for 2026 by 0.5 trillion rubles to 2.4–3.6 trillion rubles. This is reported in the materials of the Central Bank.
The forecast of banks' liquidity needs on market conditions has been increased by 0.7 trillion rubles to 6-7.2 trillion rubles.
The regulator attributes the refinement of the forecast mainly to an increase in the expected growth in demand for cash, taking into account its actual dynamics.
In addition, as before, a six-month lag in the Central Bank's mirroring of the Ministry of Finance's operations on investing NWF funds will lead to an outflow of liquidity. The forecast of mandatory reserves assumes their increase in proportion to the growth rate of the money supply.
