---
source: Bank of Russia
url: https://www.cbr.ru/vfs/eng/statistics/credit_statistics/monetary_agg_e.xlsx
document_type: excel
date_retrieved: 2026-04-20
period: March 2026
parent_publication: Monetary aggregates time series (Bank of Russia)
indicators_covered: ["M2 Money Supply YoY"]
---

# M2 Money Supply YoY — March 2026

**Source:** Bank of Russia, *Monetary aggregates* time‑series (Excel), Annual growth rate sheet.

- **M2 YoY (March 2026):** **11.8%**
- **M2 YoY (February 2026):** 11.4%
- **M2 level (March 2026):** 130,227.5 billion rubles (~130.2 trillion)

| Month       | M2 YoY (%) |
|-------------|------------|
| August 2025 | 14.4       |
| September 2025 | 12.7    |
| October 2025 | 13.0      |
| November 2025 | 12.3     |
| December 2025 | 10.6     |
| January 2026 | 9.7       |
| February 2026 | 11.4     |
| **March 2026** | **11.8** |

The annual growth rate rebounded in March after a dip in January, supported by fiscal operations and the postponement of large tax payments into early March, which boosted money supply growth.

*Raw file:* `research_output/raw/405200.xlsx` (Bank of Russia time series, monthly frequency, covers 1992–2026).