There are increased the rates on the Bank of Russia operations
Form December
1, 2008, within the frameworks of measures directing to decrease
level of capital outflow from Russia and control of inflatory
biases, the Board of Directors of the Bank of Russia has made
the decision about increasing of interest rates on operations
carrying out by the Bank of Russia.
The Directions
are published officially in the "News Bulletin of the Bank
of Russia" N 69 of November 28, 2008 and are putted into
effect from their promulgation.
In accordance with amendments,
the interest rates on credits are increased and they are:
- 11 percent per annum - for the period up to 90 calendar days;
- 12 percent per annum - for the period from 91 up to
180 calendar days.
The Direction is published officially in the "News
Bulletin of the Bank of Russia" N 69 of November 28, 2008
and is putted into effect from December 1, 2008.