On results of deposit auction-based fine-tuning operation

On 3 February 2015, the Bank of Russia held deposit auction-based fine-tuning operation.

The deposit auction was attended by 60 credit institutions from 18 Russian regions. Bids offering interest rates in the range of 14.75% p.a. to 15.00% p.a. were submitted to the deposit auction. The deposit auction offer amounted to 467.24 billion rubles.

As a result of the deposit auction the cut-off rate was set at 15.00% p.a.

The weighted average interest rate was 14.93% p.a.

The volume of funds raised as a result of the deposit auction was 410.00 billion rubles.

The auction was held in compliance with Article 46 of Federal Law No. 86-FZ, dated 10 July 2002, ‘On the Central Bank of the Russian Federation (Bank of Russia)’ and Bank of Russia Regulation No. 404-P, dated 9 August 2013, ‘On Conducting Bank of Russia Deposit Operations with Credit Institutions’.

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