EMERGECW → Russia → Financial → Deposits and Funds of Legal Entities and Individuals
Deposits and funds of legal entities and individuals statistics for Russia were added to EMERGECW. Both ruble- and foreign currency denominated deposits are available for organizations, legal entities, individuals and entrepreneurs. Monthly data are sourced from the Central Bank of Russia and start in January 2012.
Chart: Russians have amassed a record amount of bank deposits as they take advantage of historically high interest rates in the wartime economy. Upon the invasion of Ukraine in 2022, panicked depositors rushed to withdraw cash. The central bank moved quickly to hike its key interest rate to 20% in an emergency step to stem the outflow. Rates were hiked again starting in 2023 to curb accelerating inflation. The extended period of high interest rates has made ruble deposits one of the most profitable investments in the country and has led to a doubling of deposits since 2022.



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