Russia Broad Money Supply Jumps 4.7% in September, Fastest Monthly Rise

Russia's broad money supply (M2) grew 4.7% month-on-month in September 2026, adding 1.48 trillion rubles to reach 32.98 trillion. The sharp acceleration signals rising domestic liquidity, likely driven by fiscal spending or credit expansion, which could add to inflation pressures. The data point to continued monetary easing or stimulus, with implications for ruble stability and CPI trajectory.