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Interest Rates on Monetary Policy Operations* % p.a. Date Interest Rate on Deposit Standing Facilities Max Bid Rate on Deposit Auctions Min Bid Rate on

Factors Interest Rates Interest Rates of Monetary Policy (dates of changes) Key Rate Interest Rates on Monetary Policy Operations Interest Rates on Special Facilities, Emergency

goal of monetary policy; targeting the money market interest rate as the operational framework of monetary policy (MP); channels of monetary policy transmission through which

Monetary Policy Page navigation • • • • • • • • • • • • • • Monetary policy is a part of state economic policy aimed at improving Russian citizens’ welfare. Its priority is to ensure price

Monetary Policy Page navigation • • • • • • • • • • • • • • Monetary policy is a part of state economic policy aimed at improving Russian citizens’ welfare. Its priority is to ensure price

Monetary Policy Page navigation • • • • • • • • • • • • • • Monetary policy is a part of state economic policy aimed at improving Russian citizens’ welfare. Its priority is to ensure price

Monetary policy operations The Bank of Russia conducts its monetary policy operations in order to attain the operational target. To achieve the primary objective of

FX Policy Mechanism Dual-currency Basket Parameters of FX Policy Mechanism (from 5 to 7 November 2014, inclusive) Parameters of FX Policy Mechanism (to 5 November

Monetary policy operations Page navigation

Monetary Policy Regional Economy: Commentaries by Bank of Russia Main Branches 2026 2025 2024 2023 2022 2021 2020 No. 42 • March 2026 No. 41 • February