Forecast of factors affecting banking sector liquidity used to determine the limit on the CBR 1-week auctions*
| Change in balances on correspondent accounts with the CBR | 236 |
| Change in cash in circulation (outside the CBR) | 95 |
| Change in general government accounts with the CBR and other items** | - 205 |
| The balance of the CBR operations for liquidity management and on the domestic FX market | 2 258 |
| The limit on the CBR 1-week deposit auction carried out on the 21.01.2025 | 2 380 |
* The detailed algorithm of the limit’s calculation is provided in the informational material "On the estimation of the limits on the Bank of Russia auction-based liquidity providing (absorbing) operations". The sign reflects the factor’s influence on the banking sector liquidity.
** Including FX purchases (sales) by the Ministry of Finance of the Russian Federation on the domestic FX market.
Change in balances on correspondent accounts with the CBR reflects change in balances on correspondent accounts of credit institutions with the CBR in rubles. The sign “+” denotes an increase of balances, the sign “-” denotes a decrease of balances.
Change in cash in circulation (outside the CBR) reflects the change in cash, issued by the CBR, excluding cash in the CBR cash vaults. The sign “+” denotes a decrease of cash in circulation, the sign “-” denotes an increase of cash in circulation.
Change in general government accounts with the CBR and other items reflects the change in general government accounts with the CBR (federal, subfederal and extrabudgetary funds) and other items net (including FX purchases (sales) by the Ministry of Finance of the Russian Federation on the domestic FX market). The sign “+” denotes a decrease of balances in the accounts, the sign “-” denotes an increase of balances in the accounts.
The balance of the CBR operations for liquidity management and on the domestic FX market is calculated at the beginning of the forecasting period as the balance of the CBR transactions with the banking sector involving the supply/withdrawal of ruble liquidity conducted in the previous days with maturities or the settlement date on the forecasting period, as well as the forecast of the amounts of the standing facilities and operations on the domestic FX market. The sign “+” denotes a supply of liquidity to the banking sector, while the sign “-” means a withdrawal of funds by the CBR.