The Central Bank of the Russian Federation for the first time in a decade increases the refinancing rate

Since February 4, 2007, the Bank of Russia has been raising the refinancing rate for the first time in almost ten years - to 10.25% from the current 10.00%. This was announced by the Department of External and Public Relations of the Central Bank.

"In order to contain the inflation and reduction of the dynamics of the money supply on February 1, 2008, the Bank of Russia Board of Directors decided to change the level of Bank of Russia refinancing rate, interest rates for operations conducted by the Bank of Russia, and compulsory reserves. Since February 4, 2008, the Bank of Russia refinancing rate has been set at 10.25% of the per annum," the Central Bank said.

The refinancing rate has consistently reduced since the summer of 1998, RIA Novosti notes.

The Central Bank also increased the interest rates at 0.25 percentage points on operations. On loans, the Bank of Russia Overnight, the rate is set at 10.25% per annum.

For loans of the Bank of Russia, secured by the pledge of bills, the rights of claims under credit agreements of organizations or guarantees of credit organizations (in accordance with Regulation No. 273 -P) for up to 90 calendar days, the rate was increased to 7.25% per annum, from 91 to 180 calendar days - to 8.25% per annum.

The rate on the centers of the Central Bank, provided with assets provided for a period of up to 30 calendar days inclusive (in accordance with Regulation No. 312-P), will be 9.25% per annum.

For loans of the Bank of Russia, secured by the pledge and guarantees (in accordance with Regulation No. 122-P), the rate was increased to 9.25% per annum.

The headquarters of the central loan of the Central Bank, provided for a period of 1 calendar day (in accordance with Regulation No. 236-P), will be 8.25% per annum.

According to deposit operations of the Bank of Russia (in accordance with Regulation No. 203-P), the rates were increased to 3% per annum-under transactions on standard conditions “Tom-Necst”, “SPT Necst”, “Upon demand” and up to 3.5% per annum-under the standard conditions “One Week”, “SPSEL-Real”.

Under transactions "currency swap" for a period of one day (ruble part), the rate will be 8.25% per annum. According to the operations of direct repo for a period of 7 days, the rate was increased by 7.25% per annum; For a period of 1 day - 8.25% per annum.