cbr quarterly_review, 2004-06-30
In March 2004, the tendency towards the accelerated growth of the ruble supply (M2 aggregate), registered since 2003, had stopped and a downward trend began to emerge: as of July 1, 2004, the M2 aggregate expanded at an annualised rate of 40.6% as against 48.5% a year earlier.
Sentiment: neutral
Topic: mp_inflation