The benchmark interest rate in Russia was last recorded at 20 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.

Deposit Interest Rate in Russia increased to 19.39 percent in May from 19.32 percent in April of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in Russia.

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.

In May 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 early 2025, Russia maintained the highest interest rate at 20 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 -0.1 percent in May 2025. In contrast, Russia maintained a high inflation rate of 9.9 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 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 2023, the deposit interest rate in Russia was **** percent. Between 1997 and 2023, the figure dropped by *** percentage points, though the decline followed an uneven course rather than a steady trajectory.

Bank deposit interest rate, percent in Russia, March, 2025 The most recent value is 20.19 percent as of March 2025, a decline compared to the previous value of 21 percent. Historically, the average for Russia from January 2017 to March 2025 is 7.51 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

In December 2024, the key interest rate of the Bank of Russia stood at ** percent, matching the level recorded at the end of October 2024. To compare, in June 2021, it stood at *** percent.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Russia (IRSTCI01RUM156N) from Jan 1995 to Oct 2024 about Russia, interbank, overnight, interest rate, interest, and rate.

Central bank policy rates, Russia

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.

Central Bank Bonds Rate: Bank of Russia data was reported at 7.990 % pa in Jan 2019. This records a decrease from the previous number of 8.080 % pa for Dec 2018. Central Bank Bonds Rate: Bank of Russia data is updated monthly, averaging 4.730 % pa from Sep 2004 (Median) to Jan 2019, with 132 observations. The data reached an all-time high of 10.300 % pa in May 2015 and a record low of 1.700 % pa in Sep 2004. Central Bank Bonds Rate: Bank of Russia 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.MD001: State Bonds Rate.

Inflation Rate in Russia decreased to 9.40 percent in June from 9.90 percent in May of 2025. This dataset provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Graph and download economic data for Interest Rates, Government Securities, Treasury Bills for Russian Federation (INTGSTRUM193N) from Jan 1995 to Nov 2001 about Russia, bills, securities, Treasury, government, interest rate, interest, and rate.

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 July of 2025.

Bank Lending Rate in Russia decreased to 22.35 percent in May from 22.74 percent in April of 2025. This dataset provides - Russia Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Immediate Rates: Less than 24 Hours: Central Bank Rates for the Russian Federation was 7.50% in January of 2022, according to the United States Federal Reserve. Historically, Immediate Rates: Less than 24 Hours: Central Bank Rates for the Russian Federation reached a record high of 160.00 in January of 1995 and a record low of 4.25 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Immediate Rates: Less than 24 Hours: Central Bank Rates for the Russian Federation - last updated from the United States Federal Reserve on June of 2025.

Immediate Rates: Less than 24 Hours: Central Bank Rates for the Russian Federation was 13.00% in July of 2023, according to the United States Federal Reserve. Historically, Immediate Rates: Less than 24 Hours: Central Bank Rates for the Russian Federation reached a record high of 200.00 in January of 1995 and a record low of 4.25 in July of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Immediate Rates: Less than 24 Hours: Central Bank Rates for the Russian Federation - last updated from the United States Federal Reserve on July of 2025.