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Interest Rates in 2009

% per annum

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
Interbank Rate1 16.3 9.3 8.7 8.6 7.1 6.8 6.5 6.6 7.2 5.8 5.3 5.1
GKO Yield of the Bank of Russia obligations2
OBR Yield of the Bank of Russia obligations3 9.7 9.9 9.4 9.3 8.9 8.7 8.5 8.4 8.4 8.1 7.1 6.7
Deposit Rate4 7.4 7.8 8.3 8.9 8.9 8.5 8.8 9.1 9.1 9.2 8.8 8.2
Deposit Rate4, except demand deposits 9.7 10.0 10.3 10.8 10.8 10.8 10.7 10.7 10.8 10.6 10.2 9.7
Loan Rate5 17.1 16.6 16.1 16.0 15.9 15.6 14.9 15.2 14.7 14.1 13.8 13.7
2009 Q1, 2009 Q2, 2009 Q3, 2009 Q4, 2009
Interbank Rate1 7.8 11.4 7.5 6.8 5.4
GKO Yield of the Bank of Russia obligations2
OBR Yield of the Bank of Russia obligations3 8.6 9.6 9.0 8.4 7.3
Deposit Rate4 8.6 7.8 8.7 9.0 8.7
Deposit Rate4, except demand deposits 10.4 10.0 10.8 10.7 10.2
Loan Rate5 15.3 16.6 15.8 14.9 13.9
1 Interbank Rate — an average-weighted rate on overnight interbank ruble credits on the Moscow market.
2 GKO Yield of the Bank of Russia obligations — an average-weighted GKO Yield of the Bank of Russia obligations by volume and term of circulation with a maturity of up to 90 days.
3 OBR Yield of the Bank of Russia obligations — an average-weighted Yield of the Bank of Russia obligations by volume and term of circulation.
Deposit rate — an average-weighted rate on household ruble deposits with credit institutions for a term of up to one year.
Since April 2006, in accordance with Ordinance No.1660, dated February 17, 2006, data of credit institutions’ branches are included in the calculation of rates on banks’ credit and deposit operations.
Loan rate — an average-weighted rate on ruble loans to non-financial institutions with a maturity of up to one year.
Since April 2006, in accordance with Ordinance No.1660, dated February 17, 2006, data of credit institutions’ branches are included in the calculation of rates on banks’ credit and deposit operations.

Annual and quarterly rates are calculated as an average of monthly data.

Updated February 17, 2010.