Record Refinancing Rate by Bank of Russia

Bank of Russia has decided to lower the refinancing rate by 0.25 percentage points. Since 29 March this year this rate in Russia will amount to 8.25% per annum, according to Central Bank.

The rate on overnight loans also decreased by 0.25 percentage points and is set at 8.25% per annum. This reduces the Bank of Russia is a fixed rate on collateral loans at 0.25 percentage points, and establishes new ones: for a period of one calendar day - 7.25% per annum for a period of seven calendar days - 7.25% per annum for a period of 30 calendar days - 7,25% per annum.

Nat Lawyer
Unel Legal Consulting