• Macrocenter - Macroeconomic Research Center
  • 27/11/2020

The extent of the majority of monetary units in real terms for the end of 2017 has reached the historical maxima. For over a year volumes of cash in circulation and the monetary M1 unit have grown by 46%, ruble money supply (M2 *) – for 39%, wide money supply (M3) – for 15%. At the same time growth of real GDP in 2017 was 2,4%, and inflation in December (year-to-year) made 4,6%. Such an impressive growth of money supply can become the reason of strengthening of inflationary processes.

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