Refinancing Rate of the Central Bank of the Russian Federation

Period in Effect	%
June 1, 2010 –	7.75
April 30, 2010 – May 31, 2010	8
March 29, 2010 – April 29, 2010	8.25
February 24, 2010 – March 28, 2010	8.5
December 28, 2009 – February 23, 2010	8.75
November 25, 2009 – December 27, 2009	9
October 30, 2009 – November 24, 2009	9.5
September 30, 2009 – October 29, 2009	10
September 15, 2009 – September 29, 2009	10.5
August 10, 2009 – September 14, 2009	10.75
July 13, 2009 – August 9, 2009	11
June 5, 2009 – July 12, 2009	11.5
May 14, 2009 – June 4, 2009	12
April 24, 2009 – May 13, 2009	12.5
December 1, 2008 – April 23, 2009	13
November 12, 2008 – November 30, 2008	12
July 14, 2008 – November 11, 2008	11
June 10, 2008 – July 13, 2008	10.75
April 29, 2008 – June 9, 2008	10.5
February 4, 2008 – April 28, 2008	10.25
June 19, 2007 – February 3, 2008	10
January 29, 2007 – June 18, 2007	10.5
October 23, 2006 – January 28, 2007	11
June 26, 2006 – October 22, 2006	11.5
December 26, 2005 – June 25, 2006	12
June 15, 2004 – December 25, 2005	13
January 15, 2004 – June 14, 2004	14
June 21, 2003 – January 14, 2004	16
February 17, 2003 – June 20, 2003	18
August 7, 2002 – February 16, 2003	21
April 9, 2002 – August 6, 2002	23
November 4, 2000 – April 8, 2002	25
July 10, 2000 – November 3, 2000	28
March 21, 2000 – July 9, 2000	33
March 7, 2000 – March 20, 2000	38
January 24, 2000 – March 6, 2000	45
June 10, 1999 – January 23, 2000	55
July 24, 1998 – June 9, 1999	60
June 29, 1998 – July 23, 1998	80
June 5, 1998 – June 28, 1998	60
May 27, 1998 – June 4, 1998	150
May 19, 1998 – May 26, 1998	50
March 16, 1998 – May 18, 1998	30
March 2, 1998 – March 15, 1998	36
February 17, 1998 – March 1, 1998	39
February 2, 1998 – February 16, 1998	42
November 11, 1997 – February 1, 1998	28
October 6, 1997 – November 10, 1997	21
June 16, 1997 – October 5, 1997	24
April 28, 1997 – June 15, 1997	36
February 10, 1997 – April 27, 1997	42
December 2, 1996 – February 9, 1997	48
October 21, 1996 – December 1, 1996	60
August 19, 1996 – October 20, 1996	80
July 24, 1996 – August 18, 1996	110
February 10, 1996 – July 23, 1996	120
December 1, 1995 – February 9, 1996	160
October 24, 1995 – November 30, 1995	170
June 19, 1995 – October 23, 1995	180
May 16, 1995 – June 18, 1995	195
January 6, 1995 – May 15, 1995	200
November 17, 1994 – January 5, 1995	180
October 12, 1994 – November 16, 1994	170
August 23, 1994 – October 11, 1994	130
August 1, 1994 – August 22, 1994	150
June 30, 1994 – July 31, 1994	155
June 22, 1994 – June 29, 1994	170
June 2, 1994 – June 21, 1994	185
May 17, 1994 – June 1, 1994	200
April 29, 1994 – May 16, 1994	205
October 15, 1993 – April 28, 1994	210
October 15, 1993 – April 28, 1994	210
September 23, 1993 – October 14, 1993	180
July 15, 1993 – September 22, 1993	170
June 29, 1993 – July 14, 1993	140
June 22, 1993 – June 28, 1993	120
June 2, 1993 – June 21, 1993	110
March 30, 1993 – June 1, 1993	100
May 23, 1992 – March 29, 1993	80
April 10, 1992 – May 22, 1992	50
January 1, 1992 – April 9, 1992	20

Updated May 31, 2010.

Credit Institutions’ Refinancing (Lending) System as an Instrument of the Bank of Russia Monetary Policy