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Correlation analysis of the Russian money market

Link for download: Correlation analysis of the Russian money market.docx

Authors: Maxim Igorevich Neugodnikov

Annotation: The study examines the role of the Russian money market in regulating liquidity and stabilizing the economy in the face of external shocks (sanctions). An analysis of key indicators revealed a strong correlation between the money supply and the monetary policy of the Central Bank, including an increase in the key rate and loan rates. Inflation turned out to be poorly related to the money supply, determined by external factors. The steady but uneven growth of GDP and industry highlights the economy's dependence on the raw materials sector.

Keywords: Russian money market, Key rate, M2 money supply, Inflation, Gdp


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