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
Scroll for more details
Highest | Lowest | Average | Date Range | Source |
17 %} Dec 2014 | 5 % Oct 2010 | 7.32 % | 2003 - 2019 | Central 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
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Sep 6, 2019 | 10:55 | Russia Cuts Key Policy Rate to 7% |
| Jul 26, 2019 | 11:02 | Russia Cuts Key Rate to 7.25%, Signals Future Cuts |
| Jun 14, 2019 | 10:46 | Russia Lowers Key Rate to 7.5%, Signals More Cuts |
| Apr 26, 2019 | 10:57 | Russia Holds Rates, Signals Future Cuts |
| Mar 22, 2019 | 11:22 | Russia Holds Key Interest Rate Steady at 7.75% |
A Look at the Markets
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Russian Federation money Indicators
All Russian Federation indicatorsScroll for more details
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 Billion | Daily | 1997 - 2019 |
| Cash Reserve Ratio | 8 Sep 2019 | 8 Aug 2019 | 0.5 Apr 2009 | 10 Oct 2003 | % | Monthly | 1999 - 2019 |
| Deposit Interest Rate | 5.27 Aug 2019 | 5.41 Jul 2019 | 5 Jul 2011 | 101.96 Dec 1995 | % | Monthly | 1995 - 2019 |
| Foreign Exchange Reserves | 530,923 Sep 2019 | 529,083 Aug 2019 | 4,532 Dec 1992 | 596,566 Jul 2008 | USD Million | Monthly | 1992 - 2019 |
| Interbank Rate | 7.34 Aug 2019 | 7.68 Jul 2019 | 4.2 Jul 2010 | 45.3 May 1998 | % | Monthly | 1997 - 2019 |
| Interest Rate | 7 Sep 2019 | 7.25 Aug 2019 | 5 Oct 2010 | 17 Dec 2014 | % | Daily | 2003 - 2019 |
Interest Rate across Europe
Interest Rate global viewScroll 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 | % | Daily | 2001 - 2019 |
| Armenia | 5.5 Sep 2019 | 5.75 Aug 2019 | 5.5 Sep 2019 | 10.5 Jun 2015 | % | Daily | 2010 - 2019 |
| Euro Area | 0 Sep 2019 | 0 Aug 2019 | 0 Oct 2018 | 4.75 Apr 2001 | % | Daily | 1998 - 2019 |
| Belarus | 9.5 Oct 2019 | 9.5 Sep 2019 | 9.5 Aug 2019 | 480 Nov 1994 | % | Daily | 1991 - 2019 |
| Bosnia and Herzegovina | 3.1 Aug 2019 | 3.06 Jul 2019 | 3.06 Jul 2019 | 80.25 Jan 1999 | % | Monthly | 1998 - 2019 |
| Croatia | 2.5 Sep 2019 | 2.5 Aug 2019 | 2.5 Nov 2018 | 4,290.85 Sep 1993 | % | Daily | 1992 - 2019 |