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Russian Federation Interest Rate

Last Release
Jul 2021
Actual
6.5 %
Forecast
N/A
Previous
5.5 %
Frequency
Daily
Units In
%
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
17 %
Dec 2014
4.25 %
Jul 2020
7.13 %2003 - 2021Central 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 raised its benchmark policy rate by another 100 bps to 6.5 percent during its July meeting, citing high inflation expectations. The balance of risks shifted towards proinflationary and may cause inflation to deviate upwards from the 4 percent target for a longer period. The central bank also noted that the Russian economy has reached its pre-pandemic level in the second quarter of 2021. Policymakers will also consider the necessity of further key rate increase at upcoming meetings. According to the latest central bank's forecasts, annual inflation will reach 5.7-6.2 percent in 2021, before slowing to 4.0-4.5 percent in 2022 and will remain close to 4 percent further on.

Russian Federation Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Jul 23, 202110:42Bank of Russia Hikes Policy Rate by 100 Bps
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

Russian Federation money Indicators

All Russian Federation indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Central Bank Balance Sheet
50,453,617
May 2021
50,484,072
Apr 2021
8.9
Sep 1998
52,670,235
Oct 2020
RUB MillionMonthly1997 - 2021
Cash Reserve Ratio
8
Mar 2021
8
Feb 2021
0.5
Apr 2009
10
Oct 2003
%Monthly1999 - 2021
Deposit Interest Rate
3.33
May 2021
3.36
Apr 2021
3.21
Feb 2021
101.96
Dec 1995
%Monthly1995 - 2021
Foreign Exchange Reserves
591,529
Jun 2021
605,232
May 2021
4,532
Dec 1992
605,232
May 2021
USD MillionMonthly1992 - 2021
Interbank Rate
6.43
Jul 2021
6.43
Jul 2021
4.2
Jul 2010
45.3
May 1998
%Daily1997 - 2021
Interest Rate
6.5
Jul 2021
5.5
Jun 2021
4.25
Jul 2020
17
Dec 2014
%Daily2003 - 2021

Interest Rate across Europe

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
0.5
Jul 2021
0.5
May 2021
0.5
Mar 2020
8.5
Nov 2002
%Daily2001 - 2021
Armenia
6.5
Jun 2021
6
May 2021
4.25
Sep 2020
10.5
Jun 2015
%Daily2010 - 2021
Euro Area
0
Jul 2021
0
Jun 2021
0
Oct 2018
4.75
Apr 2001
%Daily1998 - 2021
Belarus
8.5
Jun 2021
8.5
May 2021
7.75
Jun 2020
480
Nov 1994
%Daily1991 - 2021
Bosnia and Herzegovina
3.38
May 2021
3.11
Apr 2021
2.83
Nov 2020
80.25
Jan 1999
%Monthly1998 - 2021
Croatia
2.5
Jun 2021
2.5
May 2021
2.5
Nov 2018
4,290.85
Sep 1993
%Daily1992 - 2021

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