Russia Interbank Rate
Short-term (usually 3-month) interbank interest rate, monthly average.
Interbank Rate in Russia increased to 9.70 percent in Feb 2022 from 8.96 percent in Jan 2022.
Russia Interbank Rate — History
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Russia Interbank Rate — analysis in simple words
Latest reading
Interbank Rate in Russia increased to 9.70 percent in Feb 2022 from 8.96 percent in Jan 2022.
It has risen in each of the last three months.
Recent trend
A year earlier (Feb 2021) it was 4.67%, so the latest figure is 5.03 percentage points higher.
Over the past five years the average was 7.39%, with a range from 4.23% to 10.82%. The latest value is above that five-year average.
Historical context
This data series starts in Jan 1997 and has 299 monthly observations. The latest reading is higher than 64% of all of them.
The highest value on record is 45.30% (May 1998) and the lowest is 4.20% (Jul 2010). The long-run average is 10.77%.
Statistics
- Latest
- 9.70%Feb 2022
- Previous
- 8.96%
- 5-year average
- 7.39%
- Long-run average
- 10.77%since Jan 1997
- All-time high
- 45.30%May 1998
- All-time low
- 4.20%Jul 2010
- Observations
- 299Monthly
Recent Data
| Period | Value | Change |
|---|---|---|
| Feb 2022 | 9.70% | ▲ +0.74 pp |
| Jan 2022 | 8.96% | ▲ +0.28 pp |
| Dec 2021 | 8.68% | ▲ +0.77 pp |
| Nov 2021 | 7.91% | ▲ +0.36 pp |
| Oct 2021 | 7.55% | ▼ −0.09 pp |
| Sep 2021 | 7.64% | ▲ +0.69 pp |
| Aug 2021 | 6.95% | ▲ +0.10 pp |
| Jul 2021 | 6.85% | ▲ +0.86 pp |
| Jun 2021 | 5.99% | ▲ +0.40 pp |
| May 2021 | 5.59% | ■ 0.00 pp |
| Apr 2021 | 5.59% | ▲ +0.75 pp |
| Mar 2021 | 4.84% | ▲ +0.17 pp |
| Feb 2021 | 4.67% | ▲ +0.01 pp |
| Jan 2021 | 4.66% | ▲ +0.03 pp |
| Dec 2020 | 4.63% | ▼ −0.16 pp |
| Nov 2020 | 4.79% | ▲ +0.15 pp |
| Oct 2020 | 4.64% | ▲ +0.41 pp |
| Sep 2020 | 4.23% | ▼ −0.04 pp |
| Aug 2020 | 4.27% | ▼ −0.80 pp |
| Jul 2020 | 5.07% | ▲ +0.61 pp |
| Jun 2020 | 4.46% | ▼ −2.26 pp |
| Mar 2020 | 6.72% | ▲ +0.65 pp |
| Feb 2020 | 6.07% | ▼ −0.28 pp |
| Dec 2019 | 6.35% | ▼ −0.39 pp |
| Nov 2019 | 6.74% | ▼ −0.15 pp |
| Oct 2019 | 6.89% | ▼ −0.07 pp |
| Sep 2019 | 6.96% | ▼ −0.38 pp |
| Aug 2019 | 7.34% | ▼ −0.34 pp |
| Jul 2019 | 7.68% | ▼ −0.31 pp |
| Jun 2019 | 7.99% |
Interbank Rate — Russia vs Peers
Latest available reading for each economy (periods may differ). Russia highlighted.
More Russia indicators
Understanding Interbank Rate — a simple guide
What it measures
The interest rate at which banks lend to each other for short periods, usually three months.
How it is calculated
The average rate during the month for three-month lending between banks (for example LIBOR successors, MIBOR-type rates).
If the policy rate is 6.5% and banks lend to each other at 6.7%, the spread is 0.2 percentage points.
A higher rate means tighter money-market conditions.
A lower rate means cheaper short-term funding for banks.
Why it matters for the economy and markets
Interbank rates show how central bank policy actually passes through to money markets, and they are used as a base for many loans.
How to read it
It normally stays close to the policy rate. A sudden widening of the gap can be a sign of stress in the banking system.
What to look at alongside it
The policy rate and bank lending rates.
Key terms
- Money market
- The market for short-term borrowing and lending.
Data source
OECD — Organisation for Economic Co-operation and Development (series OECD 3-month interbank rate), monthly data from Jan 1997 to Feb 2022. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current interbank rate of Russia?
What is the highest and lowest interbank rate of Russia?
What does interbank rate measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.