Balances at correspondent accounts retreat

Balances of corresponding accounts at Russian commercial banks decreased in the morning. The drop amounted to 3.5bn rubles ($109.86m) throughout the country and to 2.4bn rubles ($75.33m) in the Moscow region. Nevertheless, it has not led to the worsening of the situation with ruble liquidity and the emergence of a deficit of ruble resources on the market. Evidence of this fact is the current low ruble credit rate. One-day ruble credit rates were 3-4 percent this morning, experts of a commercial bank told RBC. At the same time, yesterday evening ruble credit rates were higher due to a demand for ruble resources amid increased balances at correspondent accounts.

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