cbr quarterly_review, 2004-12-31
As households’ net purchases of foreign exchange expanded, growth in cash rubles kept by individuals slowed down and M0 grew considerably less in 2004 Q2 and Q3 (9.5% and 1.4%) as compared with 2003 Q2 and Q3 (22.3% and 4.4%), and also in 2004 as a whole.
Sentiment: neutral
Topic: mp_credit