Reasons for the Bank of Russia's key interest rate increase

Subject. This article discusses the issues of maintaining the stability of the national currency and adapting the Russian economy to new conditions. Objectives. The article aims to analyze the peculiarities of money circulation in Russia. Methods. For the study, I used a statistical analysis. Results. The article establishes the fact of outstripping growth of the monetary aggregate M2 relative to the monetary aggregates M1 and M0, and that household assets get concentrated in the form of funds in escrow and deposit accounts. Conclusions. The increase in the key interest rate of the Central Bank of the Russian Federation indicates a critical situation in the country's financial system.