The benchmark interest rate in Russia was last recorded at 17 percent. This dataset provides the latest reported value for - Russia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Russia (IRSTCB01RUM156N) from Jan 1995 to Oct 2023 about Russia, overnight, banks, depository institutions, interest rate, interest, and rate.

Key information about Russia Policy Rate

• Russia cash rate (Policy Rate: Month End: Key Rate) was set at 21.00 % pa in Feb 2025, compared with 21.00 % pa in the previous Jan 2025.
• Russia Policy Rate averaged 8.00 % pa and is updated monthly, available from Sep 2013 to Feb 2025.
• The data reached an all-time high of 21.00 % pa in Feb 2025 and a record low of 4.25 % pa in Feb 2021.

• In the latest reports, Russia Short Term Interest Rate: MIACR: 1 to 3 Months was reported at 9.71 % pa in Jul 2023.
• Its Long Term Interest Rate (Long Term Interest Rate: Month End: GKO-OFZ Government Bond Zero Coupon Yield: 10 Years) was reported at 15.52 % pa in Feb 2025.
• Russia Exchange Rate against USD averaged 83.16 (USD/RUB) in Jun 2023.
• Its Real Effective Exchange Rate was 95.68 in Jan 2025.

In July 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In the first half of 2025, Russia maintained the highest interest rate at 18 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at 0 percent in July 2025. In contrast, Russia maintained a high inflation rate of 8.8 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

Deposit Interest Rate in Russia decreased to 17.41 percent in July from 18.71 percent in June of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in Russia.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Russia (IRSTCB01RUQ156N) from Q1 1995 to Q3 2023 about Russia, overnight, banks, depository institutions, interest rate, interest, and rate.

Key information about Russia Long Term Interest Rate

• Russia Long Term Interest Rate: Month End: GKO-OFZ Government Bond Zero Coupon Yield: 10 Years was reported at 15.52 % pa in Feb 2025, compared with 16.53 % pa in the previous month.
• Russia Long Term Interest Rate data is updated monthly, available from Jan 2003 to Feb 2025.
• The data reached an all-time high of 16.89 % pa in Oct 2024 and a record low of 5.70 % pa in May 2020.
• Long Term Interest Rate is reported by reported by Bank of Russia.

• In the latest reports, Russia Short Term Interest Rate: MIACR: 1 to 3 Months was reported at 9.71 % pa in Jul 2023.
• The cash rate (Policy Rate: Month End: Key Rate) was set at 21.00 % pa in Feb 2025.
• Russia Exchange Rate against USD averaged 83.16 (USD/RUB) in Jun 2023.

Russia Bank Lending Conditions: Small & Medium Business: Loan Interest Rate data was reported at 1.020 % Point in Mar 2019. This records a decrease from the previous number of 10.000 % Point for Dec 2018. Russia Bank Lending Conditions: Small & Medium Business: Loan Interest Rate data is updated quarterly, averaging -12.415 % Point from Jun 2009 (Median) to Mar 2019, with 40 observations. The data reached an all-time high of 74.528 % Point in Dec 2014 and a record low of -48.889 % Point in Mar 2010. Russia Bank Lending Conditions: Small & Medium Business: Loan Interest Rate data remains active status in CEIC and is reported by The Central Bank of the Russian Federation. The data is categorized under Russia Premium Database’s Monetary and Banking Statistics – Table RU.KAC017: Bank Lending Tightness: Loans to Small & Medium Business.

Bank Lending Rate in Russia decreased to 21.21 percent in July from 21.75 percent in June of 2025. This dataset provides - Russia Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Rate in Russia decreased to 8.10 percent in August from 8.80 percent in July of 2025. This dataset provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Exchange Rate: Bank of Russia: Avg from Year Beginning: US Dollar data was reported at 67.350 RUB/USD in Jan 2019. This records an increase from the previous number of 62.540 RUB/USD for Dec 2018. Foreign Exchange Rate: Bank of Russia: Avg from Year Beginning: US Dollar data is updated monthly, averaging 31.460 RUB/USD from Jan 2006 (Median) to Jan 2019, with 157 observations. The data reached an all-time high of 76.730 RUB/USD in Feb 2016 and a record low of 23.860 RUB/USD in Jul 2008. Foreign Exchange Rate: Bank of Russia: Avg from Year Beginning: US Dollar data remains active status in CEIC and is reported by The Central Bank of the Russian Federation. The data is categorized under Russia Premium Database’s Interest and Foreign Exchange Rates – Table RU.ME001: Foreign Exchange Rate: Bank of Russia: Main Currencies.

Following a survey of 27 economists, the Central Bank of Russia forecast an average annual inflation rate of *** percent and a ***-percent growth in gross domestic product (GDP) in the country in 2025. For the following year, a lower inflation rate was projected. In 2027, the Central Bank forecast a GDP growth of *** percent and an annual key interest rate of ** percent.

Russia Bank Lending Conditions: Households: Mortgage: Loan Interest Rate data was reported at 17.857 % Point in Mar 2019. This records a decrease from the previous number of 20.238 % Point for Dec 2018. Russia Bank Lending Conditions: Households: Mortgage: Loan Interest Rate data is updated quarterly, averaging -6.061 % Point from Dec 2011 (Median) to Mar 2019, with 30 observations. The data reached an all-time high of 70.000 % Point in Dec 2014 and a record low of -31.818 % Point in Sep 2017. Russia Bank Lending Conditions: Households: Mortgage: Loan Interest Rate data remains active status in CEIC and is reported by The Central Bank of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.KAC018: Bank Lending Tightness: Loans to Households.

Bank deposit interest rate, percent in Fédération de Russie, juin, 2025 Pour cet indicateur, Central Bank of the Russian Federation fournit des données pour la Fédération de Russie de janvier 2017 à juin 2025. La valeur moyenne pour Fédération de Russie pendant cette période était de 7.86 pour cent avec un minimum de 3.21 pour cent en février 2021 et un maximum de 21.57 pour cent en décembre 2024. | TheGlobalEconomy.com

Canada's inflation rate experienced significant fluctuations from 2018 to 2025. Inflation peaked at *** percent in June 2022 before steadily declining to *** percent by December 2024. In early 2025, inflation began to increase again, rising to *** percent in February, and dropping to *** percent in March. In response to rising inflation between 2020 and 2022, the Bank of Canada implemented aggressive interest rate hikes. The bank rate reached a maximum of **** percent in July 2023 and remained stable until June 2024. As inflationary pressures eased in the second half of 2024, the central bank reduced interest rates to *** percent in December 2024. In 2025, the bank rate witnessed two cuts, standing at ***** percent in June 2025. This pattern reflected broader global economic trends, with most advanced and emerging economies experiencing similar inflationary challenges and monetary policy adjustments. Global context of inflation and interest rates The Canadian experience aligns with the broader international trend of central banks raising policy rates to combat inflation. Between 2021 and 2023, nearly all advanced and emerging economies increased their central bank rates. However, a shift occurred in the latter half of 2024, with many countries, including Canada, beginning to lower rates. This change suggests a new phase in the global economic cycle and monetary policy approach. Notably, among surveyed countries, Russia maintained the highest interest rate in early 2025, while Japan had the lowest rate. Comparison with the United States The United States experienced a similar trajectory in inflation and interest rates. U.S. inflation peaked at *** percent in June 2022, slightly higher than Canada's peak. The Federal Reserve responded with a series of rate hikes, reaching **** percent in August 2023. This rate remained unchanged until September 2024, when the first cut since September 2021 was implemented. In contrast, Canada's bank rate peaked at **** percent and began decreasing earlier, with cuts in June and July 2024. These differences highlight the nuanced approaches of central banks in managing their respective economies amid global inflationary pressures.

This dataset provides values for INTEREST RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Brazil's inflation rate and central bank interest rate have experienced significant fluctuations from 2018 to 2025, reflecting broader global economic trends. The country's inflation peaked at ***** percent in April 2020, followed by a gradual decline and subsequent rise, while the central bank adjusted its Selic rate in response to these economic dynamics. This pattern of volatility and monetary policy adjustments mirrors similar experiences in other major economies during the same period. Global context of inflation and interest rates Brazil's economic indicators align with the global trend of rising inflation and subsequent central bank responses observed in many countries. Like Brazil, other major economies such as the United States, United Kingdom, and European Union implemented aggressive rate hikes throughout 2022-2023 to combat inflationary pressures. However, a coordinated shift began in mid-2024, with many central banks initiating rate cuts. This global trend is reflected in Brazil's monetary policy decisions, as the country began reducing its Selic rate in August 2023 after maintaining it at ***** percent for several months. From the middle of 2024, however, the Brazilian central bank implemented several interest rate hikes, setting the rate at ** percent in June 2025. Comparison with other economies While Brazil's inflation rate reached **** percent in July 2025, other major economies exhibited varying levels of inflationary pressure. For instance, China consistently reported the lowest inflation rate among developed economies, while Russia maintained an exceptionally high inflation rate during the same period. The United Kingdom, which experienced similar volatility in its inflation rate, saw it peak at *** percent in October 2022 before moderating to *** percent by the end of 2024. These comparisons highlight the diverse economic conditions and policy responses across different countries, with Brazil's experience falling somewhere in the middle of this spectrum.

Forex: Bank of Russia: Real Effective Rate: Change over Prev Dec data was reported at -6.900 % in Dec 2018. This records a decrease from the previous number of -6.000 % for Nov 2018. Forex: Bank of Russia: Real Effective Rate: Change over Prev Dec data is updated monthly, averaging 3.200 % from Jan 2002 (Median) to Dec 2018, with 204 observations. The data reached an all-time high of 25.400 % in May 2015 and a record low of -27.400 % in Dec 2014. Forex: Bank of Russia: Real Effective Rate: Change over Prev Dec data remains active status in CEIC and is reported by The Central Bank of the Russian Federation. The data is categorized under Russia Premium Database’s Interest and Foreign Exchange Rates – Table RU.ME006: Foreign Exchange Growth Rates: Bank of Russia.

Forex: Bank of Russia: Nominal Effective Rate: Change over Prev Dec data was reported at -8.200 % in Dec 2018. This records a decrease from the previous number of -6.500 % for Nov 2018. Forex: Bank of Russia: Nominal Effective Rate: Change over Prev Dec data is updated monthly, averaging -0.250 % from Jan 2002 (Median) to Dec 2018, with 204 observations. The data reached an all-time high of 19.200 % in May 2015 and a record low of -32.700 % in Dec 2014. Forex: Bank of Russia: Nominal Effective Rate: Change over Prev Dec data remains active status in CEIC and is reported by The Central Bank of the Russian Federation. The data is categorized under Russia Premium Database’s Interest and Foreign Exchange Rates – Table RU.ME006: Foreign Exchange Growth Rates: Bank of Russia.

Key Interest Rate: Central Banks data was reported at 15.750 % in 2026. This records a decrease from the previous number of 19.000 % for 2025. Key Interest Rate: Central Banks data is updated yearly, averaging 10.375 % from Dec 1992 (Median) to 2026, with 35 observations. The data reached an all-time high of 180.000 % in 1995 and a record low of 4.750 % in 2020. Key Interest Rate: Central Banks data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Russian Federation – Table RU.OECD.EO: Interest Rate: Forecast: Non OECD Member: Annual.