Interbank Rate in Russia remained unchanged at 16.20 percent in January. Interbank Rate in Russia averaged 9.75 percent from 2000 until 2026, reaching an all time high of 27.48 percent in January of 2009 and a record low of 3.49 percent in June of 2006. source: Central Bank of Russia

Interbank Rate in Russia is expected to be 16.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia 3-Month Interbank Rate is projected to trend around 14.70 percent in 2027 and 10.70 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Cash Reserve Ratio 8.50 8.50 percent Jan 2026
Central Bank Balance Sheet 71531048.00 70385568.00 RUB Million Nov 2025
Deposit Interest Rate 15.49 15.40 percent Dec 2025
Foreign Exchange Reserves 833572.00 754853.00 USD Million Jan 2026
Interbank Rate 16.20 16.20 percent Jan 2026
Interest Rate 15.50 16.00 percent Feb 2026
Loans to Private Sector 81797000.00 80488000.00 RUB Million Nov 2025
Money Supply M0 17854.00 18234.00 RUB Billion Jan 2026
Money Supply M1 54888.00 55914.00 RUB Billion Jan 2026
M2 Money Supply YoY 127866.60 129628.70 RUB Billion Jan 2026


Russia 3-Month Interbank Rate
In Russia, the MIACR (Moscow Interbank Actual Credit Rate) represents the weighted average interest rate on actual interbank loans transacted among a broad group of Moscow-based banks. The benchmark encompasses a wide spectrum of institutions, including banks with lower credit ratings, providing a comprehensive measure of short-term interbank funding costs.
Actual Previous Highest Lowest Dates Unit Frequency
16.20 16.20 27.48 3.49 2000 - 2026 percent Monthly