Key data points
Last release
—
Observation period
Oct 25, 2024
Next release
—
Forecast
—
Highest
21.00% on Oct 25, 2024
Lowest
4.25% on Feb 12, 2021
About Russia interest rate
In Russia, interest rate decisions are taken by the Central Bank of the Russian Federation. From September 16th of 2013, the official interest rate is the one-week auction repo rate. Until September 15th of 2013, the official interest rate was the refinancing rate, which was seen as a ceiling for borrowing money and a benchmark for calculating tax payments.
Related indicators
Frequently Asked Questions
Russia interest rate is 21% at the moment.
Last month Russia interest rate was 21%, and the month before that it amounted to 19%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.