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Interest Rates in 1999

% per annum

Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec.
Interbank Rate1 28.1 20.4 20.7 15.2 7.1 8.4 9.0 9.3 18.2 16.1 13.2 11.8
GKO Yield of the Bank of Russia obligations2 34.4 21.0 25.3 27.4 20.2 16.0
OBR Yield of the Bank of Russia obligations3 31.9 18.4
Deposit Rate4 24.2 22.8 18.9 14.6 14.7 11.0 12.6 8.8 9.7 9.0 9.4 8.5
Loan Rate5 45.5 44.1 45.7 43.8 43.5 32.2 38.9 38.5 37.8 37.0 38.3 31.3
1999 Q1, 1999 Q2, 1999 Q3, 1999 Q4, 1999
Interbank Rate1 14.8 23.0 10.2 12.2 13.7
GKO Yield of the Bank of Russia obligations2 24.0 26.9 21.2
OBR Yield of the Bank of Russia obligations3 25.2 25.2
Deposit Rate4 13.7 22.0 13.4 10.4 9.0
Loan Rate5 39.7 45.1 39.8 38.4 35.5

1
 Interbank Rate — an average-weighted rate on overnight interbank credits in 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 terms of circulation with maturities of up to 90 days. In June the data are given for the period from June 1 to June 16.
3 OBR Yield of the Bank of Russia obligations — an average-weighted by volume and terms of circulation. In February 1999 the data are given for the period from February 1 to February 16.
Deposit Rate — an average-weighted rate on deposits of private individuals in credit institutions (including Sberbank) for a term of up to one year.
Loan Rate — an average-weighted rate on legal entities’ credits in credit institutions (including Sberbank) for a term of up to one year.
Annual and quarterly rates are calculated as an average of monthly data.
Updated April 18, 2000.