Яндекс.Метрика
18:26, 4 June 2009 Page views 271 views

Bank of Russia about Interest Rates’ Reducing

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Bank of Russia’s Board of the directors decided to cut rates on some Bank’s operations on June 4, 2009. With effect from June 5, 2009, refinance rate of Bank of Russia was fixed as 11.5%. In addition, following rates on Bank of Russia’s operations are fixed:

  • 11.5% annual rate for overnight credits;
  • 10.5% annual rate for collateral loans with credit period from 1 to 30 calendar days;
  • 10.5% annual rate for asset-backed or guaranteed credits with credit period from 1 to 90 calendar days, 11% annual rate for loans with credit period from 91 to 180 calendar days and 11.5% annual rate for loans with credit period from 181 to 365 calendar days;
  • 10.5% annual rate for direct REPO operations with fixed interest rates for terms from 1 to 7 days, 11.25% annual rate for one year term;
  • 11.5% annual rate for currency swap transaction with term of 1 day (rouble part);
  • 6.25% annual rate for deposit operations with fixed rates on standard terms “tomorrow/next”, “spot/next”, “on call”, 6.75% annual rate for deposit operations on standard terms “one week”, “spot/week”.

Central Bank of the Russian Federation



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