Interest Rates
Interest rates on Bank of Russia monetary policy instruments
Name of instrument | Term | Interest rate |
---|---|---|
Deposit Standing Facility | 1 day | Bank of Russia key rate less 100 b.p. |
Fine-tuning Auctions (Deposit auctions / Repo auctions) | from 1 to 6 days | Bank of Russia key rate |
Main Auctions (Deposit auctions / Repo auctions) | 1 week | |
Longer-term Auctions: | ||
Repo Auctions | 1 month | Bank of Russia key rate plus 10 b.p. |
Loan Auctions | 3 months | Bank of Russia key rate plus 25 b.p. |
Repo Auctions | 1 year | Bank of Russia key rate plus 25 b.p. |
Lending (overnight loans, lombard loans, loans secured by non-marketable assets), Repo and FX Swap Standing Facilities | 1 day | Bank of Russia key rate plus 100 b.p. |
Longer-term Lending Standing Facilities (loans secured by non-marketable assets) | from 2 to 549 days | Bank of Russia key rate plus 175 b.p. |
Interest rates on Bank of Russia special refinancing facilities
Name of facility | Interest rate |
---|---|
Loans secured by guarantees of JSC Russian Small and Medium Business Corporation | 4.00% p.a. |
Loans secured by credit claims of JSC SME Bank on credit institutions or microfinance organisations or leasing companies | |
Loans secured by credit claims on agreements backed by insurance contracts of JSC EXIAR | the lower of the two values: 6.50% p.a. or the Bank of Russia key rate |
Loans secured by credit claims on leasing companies | |
Loans secured by credit claims on agreements for investment projects or by bonds placed for investment project funding and included in the Bank of Russia Lombard List | the lower of the two values: 9.00% p.a. or the Bank of Russia key rate less 1.00 pp. |
Loans secured by mortgages issued under the Military Mortgage Programme | the Bank of Russia key rate |
Unsecured loans to support lending to small and medium-sized enterprises and unsecured loans or loans secured by guarantees of JSC Russian Small and Medium Business Corporation to support lending for urgent needs and to maintain employment | 2.25% p.a. |
Department responsible for publication:
Monetary Policy Department
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Last updated on: 10/09/2020