Russia Money Supply M0
Russia · Monthly series · EC-RU-M0
Latest, September 2026
21.01T RUB
+1.3% from August 2026
Forecast
Forecast for September 2027: 23.90T RUB, with an 80% interval of 20.00T RUB to 28.48T RUB.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| October 2026 | 21.38T RUB | 21.03T RUB | 21.77T RUB |
| November 2026 | 21.58T RUB | 21.04T RUB | 22.17T RUB |
| December 2026 | 22.24T RUB | 21.18T RUB | 23.53T RUB |
| January 2027 | 22.14T RUB | 21.05T RUB | 23.30T RUB |
| February 2027 | 22.41T RUB | 20.88T RUB | 24.15T RUB |
| March 2027 | 22.57T RUB | 20.31T RUB | 25.08T RUB |
| April 2027 | 22.90T RUB | 20.13T RUB | 25.88T RUB |
| May 2027 | 23.06T RUB | 19.87T RUB | 26.52T RUB |
| June 2027 | 23.36T RUB | 20.05T RUB | 27.05T RUB |
| July 2027 | 23.60T RUB | 19.78T RUB | 27.95T RUB |
| August 2027 | 23.76T RUB | 19.99T RUB | 28.12T RUB |
| September 2027 | 23.90T RUB | 20.00T RUB | 28.48T RUB |
AI confidence
Mixed evidenceThe tests show no consistent, material advantage over the no-change baseline.
Model: Agentic Investor TSFM (foundation model)
- Accuracy vs naive
- +10%Matches the no-change baseline over 12 tests (12 tests, 8 won)
- Direction
- 67%No clear edge over a coin flip (97 of 144 calls right in 12 tests)
- Turning points
- 32 of 59Anticipated most turns (59 turns in 12 tests, 0 without a turn)
- Error vs baseline
- 10% lowerError ratio 0.90; 1.00 is a tie.
- Tests won
- 8 / 12Complete rolling backtests; ties count as no win.
- Test period
- 2014-10-01 to 2026-09-0112 observations ahead per test.
- 80% band coverage
- 78%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-15 against the cached history through 2026-09-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.
Reading
That is the highest of the 120 readings since October 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| September 2026 | 21.01T RUB |
| August 2026 | 20.74T RUB |
| July 2026 | 20.37T RUB |
| June 2026 | 19.79T RUB |
| May 2026 | 19.39T RUB |
| April 2026 | 19.00T RUB |
| March 2026 | 18.39T RUB |
| February 2026 | 18.10T RUB |
| January 2026 | 17.85T RUB |
| December 2025 | 18.23T RUB |
| November 2025 | 17.49T RUB |
| October 2025 | 17.41T RUB |
| September 2025 | 17.28T RUB |
| August 2025 | 17.15T RUB |
| July 2025 | 16.94T RUB |
| June 2025 | 16.70T RUB |
| May 2025 | 16.51T RUB |
| April 2025 | 16.54T RUB |
| March 2025 | 16.40T RUB |
| February 2025 | 16.64T RUB |
| January 2025 | 16.81T RUB |
| December 2024 | 17.27T RUB |
| November 2024 | 16.73T RUB |
| October 2024 | 16.80T RUB |
Source
Data: public market data feeds.
More from Agentic Investor
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Also stored for Russia
- Russia Balance Of Trade
- Russia Bank Lending Rate
- Russia Bankruptcies
- Russia Business Confidence Index
- Russia Capacity Utilization
- Russia Capital Flows
- Russia Car Production
- Russia Car Registrations
- Russia Cash Reserve Ratio
- Russia Cement Production
- Russia Central Bank Balance Sheet
- Russia Changes In Inventories