The Bank of Russia has cut interest rates to 6.5% on the back of low inflation, weak domestic growth and fears of a global slowdown. The central bank said further rate cuts could be on the horizon Russia's central bank will keep its main interest rate at 7.50 percent until the end of the third quarter of 2019, with international risks such as any more sanctions seen as the biggest threat to The Bank of Russia performs its functions in compliance with the Constitution of the Russian Federation, Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’ and other federal laws. The Russian central bank is expected to cut its key interest rate to as low as 6.5 percent by the end of the year, the level where it is seen holding the cost of borrowing throughout 2019, a Russia’s Bank Lending Rate was reported at 7.830 % pa in Dec 2019. This records a decrease from the previous number of 7.880 % pa for Nov 2019. Russia’s Bank Lending Rate data is updated monthly, averaging 11.935 % pa from Jan 1995 to Dec 2019, with 300 observations. The data reached an all-time high of 179.700 % pa in Feb 1995 and a record low of 7.830 % pa in Dec 2019.
The Bank of Russia performs its functions in compliance with the Constitution of the Russian Federation, Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’ and other federal laws. The Russian central bank is expected to cut its key interest rate to as low as 6.5 percent by the end of the year, the level where it is seen holding the cost of borrowing throughout 2019, a Russia’s Bank Lending Rate was reported at 7.830 % pa in Dec 2019. This records a decrease from the previous number of 7.880 % pa for Nov 2019. Russia’s Bank Lending Rate data is updated monthly, averaging 11.935 % pa from Jan 1995 to Dec 2019, with 300 observations. The data reached an all-time high of 179.700 % pa in Feb 1995 and a record low of 7.830 % pa in Dec 2019.
Central Bank Rate Decisions Subscribe to our Newsletter / Rate Alerts via Twitter : March 2020 / 2020: 52 rate cuts, 4 rate hikes : Mar 16: Chile cuts Monetary Policy Rate to 1.00 % (- 0.75) Central Bank: Mar 16: Egypt cuts ON Deposit Rate to 9.25 % (- 3.00) Central Bank: Mar 16
Bank Lending Rate in Russia averaged 33.11 percent from 1995 until 2019, reaching an all time high of 449.40 percent in February of 1995 and a record low of 7.80 percent in December of 2019. This page provides - Russia Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Central Bank Rate Decisions Subscribe to our Newsletter / Rate Alerts via Twitter : March 2020 / 2020: 52 rate cuts, 4 rate hikes : Mar 16: Chile cuts Monetary Policy Rate to 1.00 % (- 0.75) Central Bank: Mar 16: Egypt cuts ON Deposit Rate to 9.25 % (- 3.00) Central Bank: Mar 16 The Bank of Russia cuts the key rate by 25 bp to 6.00% p.a. On 7 February 2020, the Bank of Russia Board of Directors decided to cut the key rate by 25 bp to 6.00% per annum. Inflation slowdown is overshooting the forecast. Households’ inflation expectations and price expectations of businesses remain stable overall. Worldwide Central Bank Rates Subscribe to our Newsletter / Rate Alerts via Twitter 2020: 52 rate cuts, 4 rate hikes / 2019: 132 cuts, 21 hikes OECD & G20 Countries: 38.00 % (- 2.00) Argentina | Benchmark Rate (Mar 05, 2020 Central banks - summary of current interest rates This page provides a summary of the current interest rates of a large number of central banks. The current interest rate is the rate at which banks can borrow money from the central bank. The interest rates are used by central banks to shape monetary policy.
The Central Bank of the Russian Federation also known as the Bank of Russia is the central This caused a run on the ruble, and on 29 January, the bank decreased the rate by two points to 15 percent. In January 2015, the head of monetary Bank of Russia cancels International Financial congress 2020. 16 March 2020. Credit institutions: new requirements for operational risk rate calculation