Russia Interest Rate Decision
Interest rates are set in Russia by the Central Bank of the Russian Federation. The one-week auction repo rate is the official interest rate since September 16th, 2013. Before the refinancing rate was introduced on September 15, 2013, the official interest rate was the refinancing rate, which was regarded as a ceiling for borrowing money as well as a standard for calculating tax payments.
A higher than expected figure should be seen as positive (bullish) for the RUB while a lower than expected figure should be seen as negative (bearish) for the RUB.
Forex Sentiment (RUB)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDRUB |
|
|
0 -981508 pips |
88.6463 +95045 pips |
98.15084 |
News (RUB)
Russia Central Bank Unexpectedly Holds Key Rate
Russia's central bank left its benchmark interest rate unchanged on Friday, confounding expectations for a sharp hike.
RTTNews | 1 day ago
Russia Hikes Interest Rate By 200 Bps; Signals Another Hike
Russia's central bank raised its benchmark rate by larger-than-expected 200 basis points and also hinted at another hike next month as inflation expectations increased and additional fiscal spending lifted proinflationary effects. The board of directors, led by Governor Elvira Nabiullina, raised the key rate to 21.00 percent from 19.00 percent.
RTTNews | 57 days ago
Russia Hikes Key Rate Unexpectedly By 100 Bps
The Bank of Russia lifted its benchmark rate by 100 basis points on Friday as inflationary pressures remained elevated and domestic demand expanded significantly. The board of directors, led by Governor Elvira Nabiullina, raised the key rate to 19.00 percent from 18.00 percent. This was the second consecutive rate hike. The bank was expected to maintain status quo.
RTTNews | 99 days ago
