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Russian Federation Interest Rate

Last Release
May 2020
Actual
5.5 %
Forecast
5.25 %
Previous
5.5 %
Frequency
Daily
Units In
%
Next Release
Jun 19, 2020
Time to Release
15 Days 9 Hours
Highest
Lowest
Average
Date Range
Source
17 %
Dec 2014
5 %
Oct 2010
7.28 %2003 - 2020Central Bank of Russia
In Russia, interest rate decisions are taken by the Central Bank of the Russian Federation. From September 16th of 2013, the official interest rate is the one-week auction repo rate. Until September 15th of 2013, the official interest rate was the refinancing rate, which was seen as a ceiling for borrowing money and a benchmark for calculating tax payments.

Latest Updates

The Central Bank of Russia cut its benchmark one-week repo rate by 25 bps to 6.25 percent during its December meeting and signaled more rate cuts were likely in the first half of 2020, saying households’ inflation expectations continue to decrease, while price expectations of businesses remain overall unchanged. Policymakers see annual inflation at 3.5–4.0 percent in 2020 and close to 4 percent further on.

Russian Federation Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Dec 13, 201910:46Russia Slashes Policy Rates, Signals Further Easing in 2020
Oct 25, 201911:12Russia Cuts Key Rate to 6.5%, More than Expected
Sep 6, 201910:55Russia Cuts Key Policy Rate to 7%
Jul 26, 201911:02Russia Cuts Key Rate to 7.25%, Signals Future Cuts
Jun 14, 201910:46Russia Lowers Key Rate to 7.5%, Signals More Cuts
Apr 26, 201910:57Russia Holds Rates, Signals Future Cuts
Mar 22, 201911:22Russia Holds Key Interest Rate Steady at 7.75%

A Look at the Markets

Educational Pieces on Marco Indicators

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Russian Federation money Indicators

All Russian Federation indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Central Bank Balance Sheet
2,550.9
Apr 2020
2,440.1
Apr 2020
8.9
Sep 1998
50,797,025
Mar 2020
RUB MillionMonthly1997 - 2020
Cash Reserve Ratio
8
May 2020
8
Apr 2020
0.5
Apr 2009
10
Oct 2003
%Monthly1999 - 2020
Deposit Interest Rate
4.32
Mar 2020
4.32
Feb 2020
4.32
Feb 2020
101.96
Dec 1995
%Monthly1995 - 2020
Foreign Exchange Reserves
566,012
Apr 2020
563,473
Mar 2020
4,532
Dec 1992
596,566
Jul 2008
USD MillionMonthly1992 - 2020
Interbank Rate
6.35
Dec 2019
6.74
Nov 2019
4.2
Jul 2010
45.3
May 1998
%Monthly1997 - 2019
Interest Rate
5.5
May 2020
5.5
Apr 2020
5
Oct 2010
17
Dec 2014
%Daily2003 - 2020

Interest Rate across Europe

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
0.5
May 2020
0.5
Apr 2020
0.5
Mar 2020
8.5
Nov 2002
%Daily2001 - 2020
Armenia
5
May 2020
5
Apr 2020
5
Apr 2020
10.5
Jun 2015
%Daily2010 - 2020
Euro Area
0
Apr 2020
0
Mar 2020
0
Oct 2018
4.75
Apr 2001
%Daily1998 - 2020
Belarus
8
May 2020
8.75
Apr 2020
8
May 2020
480
Nov 1994
%Daily1991 - 2020
Bosnia and Herzegovina
3.12
Mar 2020
2.88
Feb 2020
2.88
Feb 2020
80.25
Jan 1999
%Monthly1998 - 2020
Croatia
2.5
Mar 2020
2.5
Feb 2020
2.5
Nov 2018
4,290.85
Sep 1993
%Daily1992 - 2020

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