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CBR key rate - Russian central bank’s interest rate

Charts - historic Bank of Russia interest rates

Graph Russian interest rate CBR - interest rates last year

Graph Russian interest rate CBR - long-term graph

The current Russian interest rate CBR (base rate) is 7.500 %

Bank of Russia

The Bank of Russia or the Central Bank of the Russian Federation (CBR) is the Russian central bank. The bank is independent of federal and local government and is the institution which issues the Russian currency - the rouble - in Russia and is responsible for the stability and circulation of the currency. The central bank is also responsible for defining and implementing national monetary policy. This happens in collaboration with the Russian government. The key rate is an important tool to influence interbank interest rates and with that the level of inflation. For an overview of current inflation in Russia, click here or here for current inflation by country. Another important task is to supervise Russian financial instructions and issue or retract banking licences. The CBR is also responsible for the rules and guidelines in the area of banking. If Russian financial institutions do not have sufficient funds in times of crisis, the central bank will provide loans. The bank also controls the foreign currency reserves and is responsible for rules on the trade in foreign currencies. Finally the Central Bank of the Russian Federation is also the institution which provides analyses, reports and forecasts relating to the Russian economy.

CBR key rate

When reference is made to the Russian interest rate this often refers to the CBR key rate. The CBR sets the level of this short-term interest rate. This base rate is a monetary tool used by the Russian central bank which can influence the interbank interest rates and the interest rates for loans, mortgages and savings.

This page shows the current and historic values of CBR’s key rate.

For a summary of the current interest rates of a large number of central banks please click here.

Tables - current and historic Russian central bank interest rates

CBR latest interest rate changes

 change date percentage
 september 16 2022 7.500 %
 july 22 2022 8.000 %
 june 10 2022 9.500 %
 may 26 2022 11.000 %
 april 29 2022 14.000 %
 april 08 2022 17.000 %
 february 28 2022 20.000 %
 february 11 2022 9.500 %
 december 20 2021 8.500 %
 october 22 2021 7.500 %

Summary of other central banks’ interest rates

 central bank interest rate region percentage date
 FED interest rate United States 5.000 % 03-22-2023
 RBA interest rate Australia 3.600 % 03-07-2023
 BACEN interest rate Brazil 13.750 % 08-04-2022
 BoE interest rate Great Britain 4.250 % 03-23-2023
 BOC interest rate Canada 4.500 % 01-25-2023
 PBC interest rate China 3.650 % 08-22-2022
 ECB interest rate Europe 3.500 % 03-16-2023
 BoJ interest rate Japan -0.100 % 02-01-2016
 CBR interest rate Russia 7.500 % 09-16-2022
 SARB interest rate South Africa 7.250 % 01-26-2023

In order to be able to show the data on this page, we make use of a large number of sources of information that we believe to be reliable. For more information and our disclaimer, click here.

American interest rate (Fed)5.00 %03-22-2023
Australian interest rate (RBA)3.60 %03-07-2023
British interest rate (BoE)4.25 %03-23-2023
Canadian interest rate (BOC)4.50 %01-25-2023
European interest rate (ECB)3.50 %03-16-2023
Japanese interest rate (BoJ)-0.10 %02-01-2016
All central banks interest rates, click here
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