Russian Central Bank to cut refinancing, other key rates 0.25 pp on Sept 15
MOSCOW. Sept 14 (Interfax) - The Central Bank of Russia will cut its refinancing rate and other key rates a quarter of a percent to 10.50% from 10.75% on September 15, the CB said in a statement.
The rates, valid since August 8, will fall as follows:
- Refinancing rate - to 10.50%;
- Direct repo (at auctions): 1 day - 7.50%, seven days - 8.0%, 90 days - 9.25%, six months - 9.75%, 12 months - 10.25%;
- Direct repo (fixed interest): 1 day - 9.50%; seven days - 9.50%; 12 months - 10.25%;
- Lombard loans (1 day) - 9.50%; seven calendar days - 9.50; and for 30 calendar days - 9.50%;
- Overnight loans - to 10.50%;
- Loans secured by assets and guarantees maturing in up to 90 calendar days - 9.50%; 91 to 180 days - 10.0%; 181-365 days - 10.50%;
- Currency swap (rubles, 1 day) - 10.50;
- Deposits Tom-next, Spot/next, Call - 5.25%; 1 week, Spot/week - 5.75%.
- Lombard credits (at auctions): 14 calendar days - 8.0%; three months -9.25%; six months - 9.75%; 12 months - 10.25%.