Russia Interest Rate 2003-2014 | Data | Chart | Calendar | Forecast

Central Bank of the Russian hiked its benchmark one-week repo rate from 10.5 percent to 17 percent, effective December 16th. Interest Rate in Russia averaged 6.61 percent from 2003 until 2014, reaching an all time high of 17 percent in December of 2014 and a record low of 5 percent in June of 2010. Interest Rate in Russia is reported by the Central Bank of Russia.

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Russia Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
17.00 9.50 17.00 5.00 2003 - 2014 percent Daily
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. This page provides - Russia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Russia Interest Rate - was last refreshed on Wednesday, December 17, 2014.


Russia Raises Key Rate to 17%


Central Bank of Russia hiked its benchmark interest rate by 650 basis points to 17 percent, effective December 16th. It was the biggest increase since 1998 default, aimed at limiting ruble depreciation and inflation risks.

It was the sixth rate hike this year after more than $80 billion spent from its reserves failed to stop a selloff of the ruble.

On December 15th, the ruble dropped 9.7 percent to 64.4455 a dollar, the lowest on record. It brings its plunge this year to 49 percent.

Anna Fedec | anna@tradingeconomics.com
12/15/2014 11:52:32 PM


Recent Releases

Russia Raises Key Rate to 10.5%
Russian central bank raised its benchmark one-week repo rate for the second straight meeting by 100 bps to 10.5 percent, aiming to fight inflation and support the ruble. Policymakers also cut growth forecasts sharply due to lower oil prices. Published on 2014-12-11

Russia Raises Key Rate to 9.5%
Russian central bank decided to increase the one-week repo rate by 150 bps to 9.5 percent on October 31st citing high inflation. Since the beginning of 2014, the benchmark interest rate rose four times by a total 400 bps. Published on 2014-10-31


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-31 10:30 AM
Interest Rate Decision 
9.5% 8.0% 8% 8.5%
2014-12-11 10:30 AM
Interest Rate Decision 
10.5% 9.5% 10.5% 9.5%
2014-12-15 10:30 PM
Interest Rate Decision 
17% 11.25%
2015-01-30 10:30 AM
Interest Rate Decision 
17% 13.5%
2015-03-13 09:50 AM
Interest Rate Decision 
17%
2015-03-13 10:30 AM
Interest Rate Decision 
17%


Russia Money Last Previous Highest Lowest Unit
Interest Rate 17.00 9.50 17.00 5.00 percent [+]
Interbank Rate 11.53 10.65 190.89 3.99 percent [+]
Money Supply M0 6907.60 6959.30 6982.60 0.10 RUB Billion [+]
Money Supply M1 14298.87 14793.90 15533.60 106.31 RUB Million [+]
Money Supply M2 30268.40 30644.80 31404.70 1090.10 RUB Billion [+]
Central Bank Balance Sheet 2101.50 1296.30 2101.50 8.90 RUB Billion [+]
Foreign Exchange Reserves 418880.00 428590.00 596566.00 4532.00 USD Million [+]
Loans to Private Sector 31037232.00 30670451.00 31037232.00 6179836.00 RUB Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Dec/14 2.50 17.50 2.50 percent [+]
Brazil 11.75 Dec/14 11.25 45.00 7.25 percent [+]
Canada 1.00 Dec/14 1.00 16.00 0.25 percent [+]
China 5.60 Nov/14 6.00 10.98 5.31 percent [+]
Euro Area 0.05 Dec/14 0.05 4.75 0.05 percent [+]
France 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Germany 0.05 Dec/14 0.05 4.75 0.05 percent [+]
India 8.00 Dec/14 8.00 14.50 4.25 percent [+]
Indonesia 7.75 Dec/14 7.75 12.75 5.75 percent [+]
Italy 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Japan 0.00 Nov/14 0.00 9.00 0.00 percent [+]
Mexico 3.00 Dec/14 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Russia 17.00 Dec/14 9.50 17.00 5.00 percent [+]
South Korea 2.00 Dec/14 2.00 5.25 2.00 percent [+]
Spain 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Switzerland 0.00 Dec/14 0.00 3.50 0.00 percent [+]
Turkey 8.25 Nov/14 8.25 500.00 4.50 percent [+]
United Kingdom 0.50 Dec/14 0.50 17.00 0.50 percent [+]
United States 0.25 Dec/14 0.25 20.00 0.25 percent [+]