cbr quarterly_review, 2005-03-31
At the same time, the slight slowing in reduction of the velocity of money, registered since the second half of 2004, continues and at present the dynamics of the velocity of money are deviating from the medium-term trend due to some factors, such as instability of the demand for the national currency, the slowing of the de-dollarisation of the economy and changes in the structure of the money supply.
Sentiment: neutral
Topic: mp_credit