Interest Rates in 1998
% per annum
|GKO Yield of the Bank of Russia obligations2||29.4||26.4||22.2||25.0||43.9||51.3||58.0||84.2||—||—||—||—|
|OBRYield of the Bank of Russia obligations5||—||—||—||—||—||—||—||—||80.1||54.9||40.8||48.1|
|1998||Q1, 1998||Q2, 1998||Q3, 1998||Q4, 1998|
|GKO Yield of the Bank of Russia obligations2||42.6||26.0||40.1||—||—|
|OBR Yield of the Bank of Russia obligations5||56.0||—||—||—||47.9|
1 Interbank Rate — an average-weighted rate on overnight interbank credits in the Moscow market.
|2 GKO Yield of the Bank of Russia obligations — an average-weighted GKO Yield of the Bank of Russia obligations by volume and terms of circulation with maturities of up to 90 days. Since April 1997, the Yield of the Bank of Russia obligationss of taxable GKO issues. In August 1998, the data for the period from August 1 to August 14, 1998.|
|3 Deposit Rate — an average-weighted rate on deposits of private individuals in commercial banks (including Sberbank) for a term of up to one year.|
|4 Loan Rate — an average-weighted rate on credits to enterprises and organisations (including Sberbank) for a term of up to one year.|
|5 OBR Yield of the Bank of Russia obligations — an average-weighted by volume and terms of circulation.|
|Annual and quarterly rates are calculated as an average of monthly data.|
|Updated May 7, 1999.|
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Last updated on: 26.02.2019