Russian Federation Interest Rate

Last Release
Sep 2019
Actual
7 %
Forecast
6.75 %
Previous
7.25 %
Frequency
Daily
Units In
%
Next Release
Oct 25, 2019
Time to Release
2 Days 2 Hours
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Highest
Lowest
Average
Date Range
Source
17 %}
Dec 2014
5 %
Oct 2010
7.32 %2003 - 2019Central 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 for the third straight month by 25bps to 7 percent on September 6th as expected, saying inflation slowdown is continuing while inflation expectations remain elevated. Policymakers added that risks of a global economic slowdown have increased while risks of inflation accelerating or slowing down by the year-end are balanced. The central bank trimmed its 2019 growth forecast to 0.8-1.3% from 1.0-1.5% and lowered its end-of-year annual inflation forecast for 2019 to 4.0-4.5% from 4.2-4.7%.

Russian Federation Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
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

all education articles

Russian Federation money Indicators

All Russian Federation indicators
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Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Central Bank Balance Sheet
2,529.1
Oct 2019
2,498
Oct 2019
8.9
Sep 1998
3,300.7
Feb 2019
RUB BillionDaily1997 - 2019
Cash Reserve Ratio
8
Sep 2019
8
Aug 2019
0.5
Apr 2009
10
Oct 2003
%Monthly1999 - 2019
Deposit Interest Rate
5.27
Aug 2019
5.41
Jul 2019
5
Jul 2011
101.96
Dec 1995
%Monthly1995 - 2019
Foreign Exchange Reserves
530,923
Sep 2019
529,083
Aug 2019
4,532
Dec 1992
596,566
Jul 2008
USD MillionMonthly1992 - 2019
Interbank Rate
7.34
Aug 2019
7.68
Jul 2019
4.2
Jul 2010
45.3
May 1998
%Monthly1997 - 2019
Interest Rate
7
Sep 2019
7.25
Aug 2019
5
Oct 2010
17
Dec 2014
%Daily2003 - 2019

Interest Rate across Europe

Interest Rate global view
Scroll for more details
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
1
Oct 2019
1
Sep 2019
1
Nov 2018
8.5
Nov 2002
%Daily2001 - 2019
Armenia
5.5
Sep 2019
5.75
Aug 2019
5.5
Sep 2019
10.5
Jun 2015
%Daily2010 - 2019
Euro Area
0
Sep 2019
0
Aug 2019
0
Oct 2018
4.75
Apr 2001
%Daily1998 - 2019
Belarus
9.5
Oct 2019
9.5
Sep 2019
9.5
Aug 2019
480
Nov 1994
%Daily1991 - 2019
Bosnia and Herzegovina
3.1
Aug 2019
3.06
Jul 2019
3.06
Jul 2019
80.25
Jan 1999
%Monthly1998 - 2019
Croatia
2.5
Sep 2019
2.5
Aug 2019
2.5
Nov 2018
4,290.85
Sep 1993
%Daily1992 - 2019
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