Bank of Russia increased from August 1 Required reserve ratio by 0,5 percentage points - up to 2,5% of the volume of attracted funds, thus completing its gradual monthly increase of 0.5 percentage points from May 1 to August 1 . Currently a single standard deductions to the compulsory reserve (FOR) - the obligations of lending institutions to individuals in the Russian currency, the liabilities to non-resident banks in rubles and foreign currency for other liabilities of credit institutions in the Russian currency and liabilities in foreign currency. Required reserve ratio was increased by 1% from 1 May to 1.5% from June 1, and 2% on July 1. The Bank of Russia has lowered reserve requirements from 15 October 2008 to 0,5% by introducing flat rate for all types of fundraising. As explained by the Central Bank, this decision was made to stabilize the domestic financial market and maintain liquidity in the banking sector. At the same time, it was decided as the normalization of the situation to raise standards from February 1 to 1,5% and from 1 March to 2,5%. But then, on 19 January, the Central Bank in order to mitigate the effects of the global financial crisis, decided to postpone the time to increase the required reserves for three months - until May 1 and June 1 respectively, each time by 1 percentage point. Later, on 23 April, it was decided to raise the standards at a slower pace - by 0.5 percentage points. In 2008, the Central Bank of four raised reserve requirements in order to slow the rate of growth of money supply and ensure conditions for a slowing down of inflation and twice (from 18 September and 15 October) reduced these rates to stabilize the domestic financial market and maintaining liquidity in the banking sector. Portal Bank.ru Materials Rihanna.
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