Interest Rates on the Bank of Russia operations
| Operations | Term | Interest rate |
|---|---|---|
| Deposit standing facilities |
1 day |
Bank of Russia key rate less 100 b.p. |
| Main auctions (Deposit auctions / Repo auctions) |
1 week | Bank of Russia key rate |
| Fine-tuning auctions (Deposit auctions / Repo auctions) |
from 1 to 6 days | |
| Longer-term auctions: repo auctions |
1 month | Bank of Russia key rate plus 10 b.p. |
| 1 year | Bank of Russia key rate plus 25 b.p. | |
| loan auctions | 3 months | |
| Loans PM, repos PM and FX swaps standing facilities |
1 day | Bank of Russia key rate plus 100 b.p. |
| Longer-term lending standing facilities PM | from 2 to 30 days | |
| Loans SM, repos SM | from 1 to 180 days | Bank of Russia key rate plus 175 b.p. |
| Special facilities: | ||
| Loans secured by credit claims on agreements backed by insurance contracts of JSC EXIAR | up to 3 years | Bank of Russia key rate less 150 bp.1 |
| Loans secured by credit claims on agreements for investment projects | up to 3 years | the lower of the two values: 9.00% p.a. or Bank of Russia key rate less 100 bp.1 |
| Unsecured loans to support investment project funding in the selected regions of the Russian Federation | up to 1 year | Bank of Russia key rate plus 25 bp.2 |
| Loans secured by guarantees of JSC Russian Small and Medium Business Corporation or by federal government bonds to support lending to small and medium-sized enterprises | up to 3 years |
Bank of Russia key rate less 150 bp.1 |
| Loans secured by guarantees of JSC Russian Small and Medium Business Corporation to support lending to small and medium-sized enterprises in the selected regions of the Russian Federation | up to 1 year | the upper of the two values: 8.00% p.a. or Bank of Russia key rate less 400 bp.1 |
PM — the Primary mechanism of liquidity provision, SM — the Supplementary mechanism of liquidity provision.
1 If the interest rate on new loans decreases, the interest rate on previously granted loans decreases by the same amount from the same date. If the interest rate on new loans increases, the interest rate on previously granted loans does not change.
2 If the interest rate on new loans changes, the interest rate on previously granted loans changes by the same amount from the same date.
Department responsible for publication:
Monetary Policy Department
Was this page useful?
Last updated on: 25.04.2025