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Russian Federation Interest Rate

Last Release
Jun 10, 2022
Actual
9.5
Units In
%
Previous
11
Frequency
Daily
Next Release
Jul 22, 2022
Time to Release
22 Days 6 Hours
Highest
Lowest
Average
Date Range
Source
20
Feb 2022
4.25
Jul 2020
7.33 %2003-2022Central 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 key interest rate by 150bps to 9.5% during its June 2022 meeting, bringing borrowing costs back to levels prior to the Ukraine invasion, and compared to market forecasts of a 100bps drop. It follows a 300bps cut during an extraordinary meeting two weeks earlier and the central bank said it will consider the need of further loosening in the next meetings as inflation is slowing faster and the decline in economic activity is of a smaller magnitude than initially expected in April. At the same time, the ruble remains strong, holding close to levels not seen in seven years. Annual inflation is now seen at 14%–17% in 2022, and is expected to decline to 5%-7% in 2023 and return to 4% in 2024. The key rate is expected to average 10.8%-11.4% in 2022, 7%–9% in 2023 and 6%–7% in 2024.

Russian Federation Interest Rate History

Last 12 readings

Russian Federation Money Indicators

All Russian Federation indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Cash Reserve Ratio
2
Apr 2022
2
Mar 2022
0.5
Oct 2008
10
Jan 2000
%Monthly1999-2022
Central Bank Balance Sheet
51,091,398
Apr 2022
59,688,863
Mar 2022
311,490
Feb 1998
59,688,863
Mar 2022
RUB MillionMonthly1998-2022
Deposit Interest Rate
14.03
Apr 2022
6.37
Feb 2022
3.21
Feb 2021
101.96
Dec 1995
%Monthly1995-2022
Foreign Exchange Reserves
587,423
May 2022
593,052
Apr 2022
4,532
Dec 1992
630,627
Dec 2021
USD MillionMonthly1992-2022
Interbank Rate
15.31
Jun 2022
15.31
Jun 2022
1.4
May 2003
227.7
May 1995
%Daily1995-2022
Interest Rate
9.5
Jun 2022
11
May 2022
4.25
Jul 2020
20
Feb 2022
%Daily2003-2022
Loans To Private Sector
38,997,896
Oct 2021
38,292,980
Sep 2021
4,601,204
Dec 2006
38,997,896
Oct 2021
RUB MillionMonthly2006-2021
Money Supply M0
13,518.4
Apr 2022
13,834.3
Mar 2022
0.1
Dec 1990
13,913.4
Feb 2022
RUB BillionMonthly1990-2022
Money Supply M1
34,269.4
Apr 2022
34,872.76
Mar 2022
106.31
Jun 1995
37,248.35
Feb 2022
RUB BillionMonthly1995-2022
Money Supply M2
68,475.3
Apr 2022
68,203.5
Mar 2022
1,090.1
Jan 2001
68,475.3
Apr 2022
RUB BillionMonthly2000-2022

Interest Rate across Europe

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
1
May 2022
1
May 2022
0.5
Mar 2020
8.5
Apr 2002
% Daily2001-2022
Armenia
9.25
Jun 2022
9.25
Jun 2022
3
Aug 2005
10.5
Feb 2015
% Daily2003-2022
Austria
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Belarus
12
May 2022
12
Apr 2022
7.75
Jun 2020
480
Nov 1994
% Daily1991-2022
Belgium
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Bosnia and Herzegovina
2.94
Apr 2022
3.08
Mar 2022
2.83
Nov 2020
80.25
Jan 1999
% Monthly1998-2022
Bulgaria
0
May 2022
0
Apr 2022
0
May 2022
5.77
Dec 2008
% Daily2005-2022
Croatia
2.5
May 2022
2.5
Apr 2022
2.5
Oct 2015
4,290.85
Sep 1993
% Daily1992-2022
Cyprus
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Czech Republic
7
Jun 2022
5.75
May 2022
0.05
Nov 2012
39
Jun 1997
% Daily1995-2022
Denmark
-0.6
May 2022
-0.6
Apr 2022
-0.75
Feb 2015
15
Nov 1992
% Daily1992-2022
Estonia
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Euro Area
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% Daily1998-2022
Finland
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
France
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Georgia
11
Jun 2022
11
May 2022
3.75
Aug 2013
12
Apr 2008
% Daily2008-2022
Germany
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Greece
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Hungary
7.75
Jun 2022
5.9
May 2022
0.6
Jul 2020
28
Jan 1995
% Daily1987-2022
Iceland
4.75
Jun 2022
3.75
May 2022
0.75
Nov 2020
18
Oct 2008
% Daily1998-2022
Ireland
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Italy
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Latvia
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Lithuania
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Luxembourg
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Macedonia
1.75
May 2022
1.5
Apr 2022
1.25
Mar 2021
15.21
Dec 2002
% Daily2002-2022
Malta
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Moldova
18.5
Jun 2022
15.5
May 2022
2.65
Nov 2020
21
Jan 2001
% Daily2001-2022
Netherlands
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Norway
1.25
Jun 2022
0.75
May 2022
0.25
Sep 2021
11
Sep 1992
% Daily1991-2022
Poland
6
Jun 2022
5.25
May 2022
0.1
May 2020
24
Feb 1998
% Monthly1998-2022
Portugal
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Romania
3.75
May 2022
3
Apr 2022
1.25
Jan 2021
12.5
Apr 2005
% Daily2005-2022
Russian Federation
9.5
Jun 2022
11
May 2022
4.25
Jul 2020
20
Feb 2022
% Daily2003-2022
Serbia
2.5
Jun 2022
2
May 2022
1
Dec 2020
18
Sep 2006
% Daily2006-2022
Slovakia
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Slovenia
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Spain
0
Jun 2022
0
May 2022
0
Jun 2022
4.75
Oct 2000
% N/A1998-2022
Sweden
0.25
May 2022
0.25
Apr 2022
-0.5
Feb 2016
8.91
Jul 1995
% Daily1994-2022
Switzerland
-0.25
Jun 2022
-0.75
May 2022
-0.75
Jan 2015
3.5
Jun 2000
% Daily2000-2022
Turkey
14
Jun 2022
14
May 2022
4.5
May 2013
500
Mar 1994
% Daily1990-2022
Ukraine
25
Jun 2022
10
Apr 2022
6
Jun 2020
300
Oct 1994
% Daily1992-2022
United Kingdom
1.25
Jun 2022
1
May 2022
0.1
Mar 2020
17
Nov 1979
% Daily1971-2022

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