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Reserve money growth remains unchanged by February

Mohamed Rehan
06 April 2022, MVT 20:46
MMA reports reserve money remain unchanged in February 2022--
Mohamed Rehan
06 April 2022, MVT 20:46

The annual reserve money (M0) growth remains unchanged at 3 percent by the end of February 2022.

Moreover, central bank noted that the relative idleness was felt after an increase in net foreign assets of MMA was largely offset by a fall in net domestic assets.

Net foreign assets increased mainly due to the significant decline in foreign liabilities; reflecting the base effect of the repayment of the swap with Reserve Bank of India (RBI), despite a decline in foreign asset accumulation was observed.

On the other hand, net domestic assets declined due to the increment in overnight deposit facility (ODF) placements by commercial banks, followed by the claims on commercial bank, despite a considerable increment in net claims on central government.

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