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.

La tasa de interés de depósito en Rusia disminuyó a 17.41 por ciento en julio de 2025 desde el 18.71 por ciento en junio. Esta página incluye un gráfico con datos históricos sobre la tasa de interés de depósito en Rusia.

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.

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.

Related information about Russia Long Term Interest Rate

• 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.

Bank deposit interest rate, percent in Russia, June, 2025 The most recent value is 18.71 percent as of June 2025, a decline compared to the previous value of 19.39 percent. Historically, the average for Russia from January 2017 to June 2025 is 7.86 percent. The minimum of 3.21 percent was recorded in February 2021, while the maximum of 21.57 percent was reached in December 2024. | TheGlobalEconomy.com

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.

Key Rate was implemented as the new policy rate on 13 September 201 3. Prior to September 2013, Refinancing Rate was used as the policy rate. The Key Rate is the interest rate on Bank of Russia one-week liquidity provision and absorption open market operations.


Related information about Russia Policy Rate

• 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.

Real interest rate (%) in Russia was reported at 3.3555 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Russia - Real interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Russia has recorded a decrease in the average weighted interest rate on mortgage loans issued to residents in the national currency in April 2025. In that month, the mortgage loan rate stood at **** percent.

Business credit interest rate, percent in Russia, June, 2025 The most recent value is 19.21 percent as of June 2025, a decline compared to the previous value of 20.17 percent. Historically, the average for Russia from January 2011 to June 2025 is 11.14 percent. The minimum of 6.26 percent was recorded in November 2020, while the maximum of 20.5 percent was reached in January 2025. | TheGlobalEconomy.com

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.

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.

In May 2025, the inflation rate in Russia stood at **** percent compared to the same month in the previous year, showing an increase. The rate has been decreasing since March 2025. The highest rate during the observed period was recorded in April 2022, at **** percent. The term inflation means the devaluation of money caused by a permanent increase in the price level for products (consumer goods, investment goods). The Consumer Price Index (CPI) shows the price development for private expenses and shows the current level of inflation when increasing. Russia's economy, an outlook The Russian economy was expected to grow by *** percent in 2025 despite the Western sanctions over the war in Ukraine that began in February 2022. At the same time, consumer prices were projected to grow by around **** percent in 2025 relative to the previous year. In 2024, the inflation rate was estimated at **** percent. Prices in Russia Russia’s economy is highly dependent on and affected by the price of oil. The price of the Urals crude oil stood at approximately ***** U.S. dollars per barrel in April 2025, having demonstrated a decrease from the previous month. The highest producer price index (PPI) was recorded in the electricity and gas supply sector, with a price growth rate of over ** percent in September 2024.

Lending interest rate (%) in Russia was reported at 11.62 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Russia - Lending interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Key information about Russia Bank Lending Rate

• Russia Bank Lending Rate was reported at 23.790 % pa in Jan 2025.
• This records a decrease from the previous number of 23.980 % pa for Dec 2024.
• Russia Bank Lending Rate data is updated monthly, averaging 11.600 % pa from Jan 1995 to Jan 2025, with 361 observations.
• The data reached an all-time high of 179.700 % pa in Feb 1995 and a record low of 5.940 % pa in Nov 2020.
• Russia Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

The Bank of Russia provides monthly weighted average Bank Lending Rate. Bank Lending Rate is defined as lending rate for Non Financial Corporations with a maturity up to 1 Year.

Interbank Rate in Russia remained unchanged at 18.03 percent on Wednesday September 24. This dataset provides - Russia Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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.

The statistic shows the inflation rate in Russia from 1997 to 2024, with projections until 2030. The inflation rate is calculated using the price increase in a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g., gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Russia was at about 13.75 percent compared to the previous year. Russia's economic uplift Based on economic power and economic standards, Russia is recognized as one of the biggest economic powers in the world. With a population of around 143 million people and a re-awakened population growth since 2010, Russia has tried to establish itself as one of the world’s largest economies and wealthiest nations and succeeded, being the sixth-largest economy in the world today. The gross domestic product (GDP) increase in Russia from 2009 to 2014 is also a good indicator of Russia’s economic growth and strength. After the 1998 Russian financial crisis, several reforms were introduced to the Russian economy which allowed it to recover. Not only did the Russian economy experience a great boost, but the quality of life in Russia as well as the people’s satisfaction with the direction of the country has also improved. In comparison to the previous year - with the exception of 2009 -, the Russian real gross domestic product growth rate has increased over the past decade. The trade balance of goods has been experiencing a rapid increase since the beginning of the millennium, with the exceptions of 2007 and 2009 due to the global economic crisis. This allowed Russia to export more goods than it imported. This high trade balance of goods resulted in a low inflation rate in 2012, the lowest recorded inflation rate since 2004.

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.

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