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and will stabilise close to 4% later on. “…In its key rate
decision-making, the
Key rate, % per annum Inflation, % YoY Bank of Russia will take
1542
01.10.2020
Deposit standing facilities (overnight deposits)
Deposit standing facilities are aimed at the following objectives. The fixed interest rate on overnight deposits (currently the key rate
1543
01.10.2020
decision, the maximum interest rate deposit auction participants can bid equals the key rate. The maximum amount of funds placed on deposits at the auction
1544
30.09.2020
also received indirect support. Further details regarding the main market trends for 2020 Q2 are available in the Review of Key Indicators of Microfinance Organisations.
1545
29.09.2020
in the Russian economy and shows that a sharp decline of the key rate may cause financial instability as banks reallocate their funds to riskier
in Russia slowed in July–August as the effect of
lifting the key coronavirus-related restrictions weakened, with caps on oil extraction
under the OPEC+ agreement
1547
28.09.2020
assumed in the Bank of Russia's forecast published after the July key rate meeting of the Bank of Russia Board of Directors (a decline
1548
23.09.2020
the Bank of Russia Board of Director’s decision to keep the key rate at 4.25% p.a.
The Credit Institutions section presents consolidated
SME Car loans
Key rate Key rate
Sources: Bank of Russia
16
Deposit and credit market – lending and deposits
Apart from key rate
Household deposits,
1550
21.09.2020
In August, banking sector assets grew 0.6%, with lending remaining the key growth driver, notes the information and analytical report ‘Review of the Banking