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News of the Federal Legislation

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News of the Federal Legislation


There is decreased the sizes of interest rates on deposit operations of the Bank of Russia, overnight credits and lombard credits
2009-05-06 08:00

NEWS OF THE FEDERAL LEGISLATION

There is decreased the sizes of interest rates on deposit operations of the Bank of Russia, overnight credits and lombard credits

The Direction of the Bank of Russia NN 2221-U, 2223-U, 2224-U of April 23, 2009 (documents are in Russian) has established the following inters rates on operations of the Bank of Russia:

- on deposit operations of the Bank of Russia carried out in accordance with the Statute of the Bank of Russia N 203-P "On the procedure for carrying out of deposit operations with credit institutions in currency of the Russian Federation by the Central Bank of the Russian Federation" of November 5, 2002 (document is in Russian) on "tom-next", "spot-next" and "at call" terms - in the size of 7,25 per cent per annum, and on "one week", "spot-week" terms - 7,75 per cent per annum;

  - on overnight credit of the Bank of Russia - in the size of 12,5 per cent per annum;

- on lombard credits of the Bank of Russia granting in accordance with the Statute of the Bank of Russia N 236-P "On the procedure for granting of credits secured with pledge (blocking) of securities by the Bank of Russia" of August 4, 2003 (document is in Russian) for period of 1, 7 and 30 calendar days in the size of 11,5 per cent per annum.
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