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RUSSIA'S ECONOMY

Russia’s Central Bank to increase requirements for reserves on bank’s liabilities

The regulator says the measure is expected to to partly absorb the inflow of liquidity

MOSCOW, June 27. /TASS /. Russia’s Central Bank will increase requirements for reserves on bank’s liabilities in rubles and foreign currency by 0.75 percentage points from August 1, according to a press release from the regulator.

"This measure will make it possible to partly absorb the inflow of liquidity associated with the financing of the federal budget deficit at the expense of the reserve fund. It will also contribute to holding back the growth of foreign exchange liabilities in the structure of liabilities of credit institutions," according to the report.

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