Russia Money-Supply Growth by Aggregate, May 2026

Annual, monthly and year-to-date growth for M0, M1, M2, M2X and FX-adjusted M2X; %.

What the Data Shows

Russia’s money-supply growth is compared across M0, M1, M2, broad money M2X and foreign-exchange-adjusted M2X in May 2026. Each aggregate retains annual, monthly and year-to-date percentage changes. M0 has the fastest annual growth at 17.5%, while broad money M2X has the slowest at 12.2%. M1 records the highest year-to-date growth at 7.4%, and M0 and M1 share the highest monthly rate at 2.0%.

Data table

M0 — Annual growth 17.5%
M0 — Monthly growth 2%
M0 — Year-to-date growth 6.3%
M1 — Annual growth 16.8%
M1 — Monthly growth 2%
M1 — Year-to-date growth 7.4%
M2 — Annual growth 13%
M2 — Monthly growth 1.2%
M2 — Year-to-date growth 3.1%
M2X broad money — Annual growth 12.2%
M2X broad money — Monthly growth 0.7%
M2X broad money — Year-to-date growth 1.7%
M2X adjusted for FX revaluation — Annual growth 13.1%
M2X adjusted for FX revaluation — Monthly growth 1.2%
M2X adjusted for FX revaluation — Year-to-date growth 2.6%

Sources

Source 1: Monetary Aggregates, May 2026

Publisher: Bank of Russia

Dataset/table: Monetary Aggregates, May 2026

Units: trillion rubles

Date checked: 2026-07-18

Evidence: Supports annual, monthly and year-to-date growth for five Russia monetary-aggregate definitions in May 2026.

Data notes & caveats

M0, M1, M2 and M2X are nested definitions of money and should not be added together. Adjusted M2X removes foreign-exchange revaluation effects.

Methodology

The five monetary aggregates are matched across annual, monthly and year-to-date growth columns for May 2026. No column is combined with another, and adjusted M2X remains a separate row.

Source consistency notes

All 15 values use one Bank of Russia monetary-aggregates table, one May 2026 snapshot and the same percent unit within clearly labelled growth horizons.

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