Note. Monetary policy operations: main application features
| Operations | Frequency | Application period* | Type of interest rate | Comments | |
|---|---|---|---|---|---|
| Deposit Standing Facilities |
overnight | daily | from 05.11.97 to 06.03.03 from 29.03.10 up to date |
fixed | from 07.03.03 to 28.03.10 the rate was not set up |
| tom-next | daily | from 26.11.97 to 16.05.18 | fixed | the rate set up to 02.03.19 | |
| spot-next | daily | from 09.08.99 to 16.05.18 | fixed | the rate set up to 02.03.19 | |
| 1 week | daily | from 26.11.97 to 16.04.12 | fixed | the rate set up to 27.07.14 | |
| spot — 1 week | daily | from 09.08.99 to 16.04.12 | fixed | the rate set up to 27.07.14 | |
| 2 weeks | daily | from 08.10.98 to 15.11.02 | fixed | ||
| spot — 2 weeks | daily | from 09.08.99 to 15.11.02 | fixed | ||
| 1 month | daily | from 24.02.99 to 15.11.02 | fixed | ||
| tom — 1 month | once a week | from 02.07.12 to 31.01.14 | fixed | the rate set up to 27.07.14 | |
| 3 months | daily | from 24.03.99 to 15.11.02 | fixed | ||
| sight | daily | from 30.08.01 to 16.05.18 | floating | the rate set up to 02.03.19 | |
| Deposit Auctions | from 1 to 6 days “fine-tuning” |
on decision | from 17.02.14 up to date | fixed | |
| 1 week | once a week under liquidity surplus |
from 10.04.12 up to date | fixed | ||
| 2 weeks | once a week | from 21.11.02 to 31.01.04 | fixed | the rate from 17.02.03 | |
| 4 weeks 1 month |
once a week | from 01.02.04 to 30.06.12 | fixed | the rate set up to 27.07.14 | |
| 3 months | once a week | from 27.05.03 to 31.12.10 | fixed | the rate set up to 27.07.14 | |
| Repo Standing Facilities |
1 day | daily | from 28.11.07 up to date | fixed | |
| 1 week | daily | from 28.11.07 to 30.04.09 | fixed | the rate set up to 27.07.14 | |
| 1 year | daily | from 22.06.09 to 15.07.09 | fixed | the rate from 05.06.09 to 30.11.14 | |
| Repo Auctions | 1 day | daily (twice a day) |
from 18.11.02 to 31.01.14 | fixed | the rate from 17.02.03 |
| from 1 to 6 days “fine-tuning” |
on decision | from 03.02.14 up to date | fixed | ||
| 1 week | once a week (from 17.04.12 under liquidity deficit) |
from 14.10.03 up to date | fixed | ||
| 90 days 3 months |
from 14.10.03 to 29.02.08 once a month from 22.06.09 once two weeks from 01.04.10 once a week from 01.04.11 once a month |
from 14.10.03 to 31.01.14 | fixed | the rate from 14.10.03 to 27.07.14 | |
| 6 months | once four weeks | from 29.06.09 to 31.03.10 | fixed | the rate from 11.12.08 to 27.07.14 | |
| 12 months | from 15.06.09 once four weeks from 01.04.12 once a quarter |
from 15.06.09 to 28.02.10 from 01.04.12 to 31.01.14 |
fixed | the rate from 11.12.08 to 27.07.14; restart from 22.06.20, once per month, with floating rate |
|
| USD/RUB and EUR/RUB buy/sell FX Swaps | on the ruble leg | daily | from 26.09.02 to 06.04.22 | fixed | |
| on the FX leg | from 11.06.04 to 06.04.22 | fixed | from 11.06.04 and 03.10.05 to 17.06.12 — central banks’ rates; from 18.06.12 to 22.12.16 — zero; from 23.12.16 to 31.12.21 — Libor (on from 01.01.22 — SOFR and ESTR |
||
| Overnight Loans | 1 day | daily | from 19.06.98 up to date | fixed | |
| Lombard Loan Standing Facilities |
1 day | daily | from 28.11.07 up to date | fixed | |
| 7 days | daily | from 11.04.05 to 16.04.12 | fixed | the rate set up to 27.07.14 | |
| 30 days | daily | from 20.10.08 to 09.02.11 | fixed | the rate set up to 27.07.14 | |
| Lombard Loan Auctions |
1 week | twice a week once a week (from 17.04.12 under liquidity deficit) |
from 08.07.98 to 01.07.02 from 30.04.10 to 31.01.14 |
fixed | the rate set up to 27.07.14 |
| 2 weeks | once a week | from 14.10.03 to 29.04.10 | fixed | ||
| 3 months | from 20.10.08 once a week from 01.01.11 once a month |
from 20.10.08 to 31.01.14 | fixed | the rate set up to 27.07.14 | |
| 6 months | once a month | from 01.01.09 to 30.09.10 | fixed | the rate from 11.12.08 to 27.07.14 | |
| 12 months | from 01.01.09 once a month from 01.04.12 once a quarter |
from 01.01.09 to 29.04.10 from 01.04.12 to 31.01.14 |
fixed | the rate from 11.12.08 to 27.07.14 | |
| 36 months | on decision | from 11.12.14 to 30.06.16 | floating | the rate set up to 28.07.19 | |
| Loans secured by non-marketable assets or guarantees (Regulation No from |
1 day | daily | from 03.03.08 up to date | fixed | |
| from 2 to 30 days | daily | from 03.03.08 up to date | from 16.12.14 — floating | ||
| from 31 to 90 days | daily | from 20.10.08 up to date | from 16.12.14 — floating | ||
| from 91 to 180 days | daily | from 01.12.08 to 09.02.11 from 01.01.11 up to date |
from 30.06.14 — floating | ||
| from 181 to 365 days | daily | from 20.01.09 to 29.04.10 from 02.04.12 to 15.10.23 |
from 30.06.14 — floating | ||
| from 365 to 549 days | daily | from 30.06.14 to 15.10.23 | from 30.06.14 — floating | ||
| Loan Auctions (non-marketable assets) |
on decision | from 19.12.14 to 30.06.16 | fixed | the rate set up to 28.07.19 | |
| 3 months | once a quarter from 01.01.14 once a month under liquidity deficit |
from 16.09.13 up to date | floating | no auctions from April, 2016 as for as there was no sustainable liquidity deficit |
|
| 12 months | on decision | from 15.07.13 to 15.10.14 | floating | ||
| 18 months | on decision | from 16.10.14 to 30.06.16 | floating | the rate set up to 28.07.19 | |
| Loans secured by gold (Regulation No |
1 day | daily | from 29.08.11 to 31.03.17 | fixed | the rate set up to 16.07.17 |
| from 2 to 90 days | daily | from 29.08.11 to 31.03.17 | from 16.12.14 — floating | the rate set up to 16.07.17 | |
| from 91 to 180 days | daily | from 01.11.11 to 31.03.17 | from 30.06.14 — floating | the rate set up to 16.07.17 | |
| from 181 to 365 days | daily | from 02.04.12 to 31.03.17 | from 30.06.14 — floating | the rate set up to 16.07.17 | |
| from 365 to 549 days | daily | from 30.06.14 to 31.03.17 | from 30.06.14 — floating | the rate set up to 16.07.17 | |
| Loans secured by non-marketable assets (Regulation No |
from 1 to 90 days | daily | from 29.08.05 to 31.12.08 | fixed | |
| from 91 to 180 days | daily | fixed | |||
| Loans secured by non-marketable assets (Regulation No |
daily | from 09.10.00 to 01.03.08 | fixed | ||
| FOR REFERENCE: | |||||
| Refinancing rate | from 01.01.92 up to date | from 01.01.16 the refinancing rate equals to the key rate |
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| Key rate | from 16.09.13 up to date | |
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* The specified operations with the specified frequency.
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Last updated on: 03.11.2023