Russia M2 Money Supply Grows 1% in August, Annual Pace Slows to 12.8%

Russia's M2 money supply rose 1% in August to 137.1 trillion rubles, with annual growth slowing to 12.8% from a higher prior pace. The deceleration suggests moderating monetary expansion, potentially reflecting central bank tightening or cooling credit demand. This matters for inflation and ruble stability, though the single-month data point is not a decisive signal.