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The Declining Structural Liquidity Deficit: Challenges And Possible Solutions

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  • V. Morgunov

    (Gaidar Institute for Economic Policy)

Abstract

The structural liquidity deficit in Russia’s banking sector is on the decline, and it will certainly continue to go down over the course of 2016. This phenomenon is going to make it difficult for the Bank of Russia to implement its interest rate policy in the regime of a symmetric interest rate corridor. It is possible and feasible for the RF CB to implement measures designed to maintain a structural liquidity deficit and achieve the practical target of its lending policy – to ensure that short-term money market rates remain close to the key policy rates.

Suggested Citation

  • V. Morgunov, 2016. "The Declining Structural Liquidity Deficit: Challenges And Possible Solutions," Russian Economic Development, Gaidar Institute for Economic Policy, issue 3, pages 45-48, March.
    • Handle: RePEc:gai:recdev:709
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    Keywords

    Russian Economy;

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