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Russian c.bank raises 2017 liquidity surplus forecast
June 21, 2017 / 11:07 AM / 6 months ago

Russian c.bank raises 2017 liquidity surplus forecast

MOSCOW, June 21 (Reuters) - Russia’s central bank on Wednesday raised its estimate for a structural liquidity surplus in the banking sector to between 0.9 trillion roubles and 1.4 trillion roubles ($15.1 billion to $23.5 billion) for the end of 2017 from an earlier forecast of 0.5-1.0 trillion rouble made in May.

Purchases of OFZ treasury bonds by non-residents increased 27 percent in May compared to April, the bank also said in a monthly report on the banking sector and financial markets. ($1 = 59.5600 roubles) (Reporting by Elena Fabrichnaya; writing by Maria Kiselyova; editing by Dmitry Solovyov)

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