Interest rates on the Bank of Russia major operations (starting June 19th)

Interest Rate Russia
Interest Rate Russia

Information from Central Bank’s web-site

(% p.a.)

Purpose Type of instrument Instrument Term Rate since 02.05.17 Rate since 19.06.17
Liquidity provision Standing facilities Overnight loans; FX swaps1; Lombard loans; REPO 1 day 10.25 10.00
Loans secured by gold2 1 day 10.25 10.00
from 2 to 549 days3 10.75 10.50
Loans secured by non-marketable assets or guarantees 1 day 10.25 10.00
from 2 to 549 days3 11.00 10.75
Open market operations (min bid rates) Loans secured by non-marketable assets, auctions3 3 months 9.50 9.25
FX swap auctions1 from 1 to 2 days4 9.25 (key rate) 9.00 (key rate)
REPO auctions from 1 to 6 days4, 1 week
Liquidity absorption Open market operations (max bid rates) Deposit auctions from 1 to 6 days4, 1 week
Standing facilities Deposit operations 1 day, call 8.25 8.00
Memo item: Refinancing rate5
1 Interest rate on the ruble leg; interest rates on the FX leg are equal to LIBOR rates on overnight loans in respective foreign currencies.Starting from 01.04.2017 operations were discontinued.
3 Loans provided at a floating interest rate, linked to the Bank of Russia key rate.
4 Fine-tuning operations.
Starting from 1 January 2016 the refinancing rate was set equal to the Bank of Russia key rate set as of the respective date. Starting from 1 January 2016, the independent value of the refinancing rate will not be set. Refinancing rate values prior to 01.01.2016

Be the first to comment

Leave a Reply

Your email address will not be published.