Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Russia
Quarterly
IRSTCI01RUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
181.48%
Date Range
1/1/1995 - 7/1/2024
Summary
This series measures the 3-month interbank interest rate in Russia, which is a key indicator of the country's monetary policy and economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 3-month interbank interest rate in Russia reflects the cost of short-term borrowing between banks. It is used by economists and policymakers to analyze the liquidity and stability of the Russian financial system.
Methodology
The data is collected by the Central Bank of Russia through surveys of leading Russian banks.
Historical Context
The interbank rate is closely monitored by the Central Bank of Russia as it informs their monetary policy decisions.
Key Facts
- Russia's interbank rate averaged 7.7% in 2022.
- The rate reached a high of 20% in March 2022 following the Ukraine invasion.
- The Central Bank of Russia uses the interbank rate as a key policy tool.
FAQs
Q: What does this economic trend measure?
A: This series measures the 3-month interbank interest rate in Russia, which reflects the cost of short-term borrowing between banks.
Q: Why is this trend relevant for users or analysts?
A: The interbank rate is a key indicator of the liquidity and stability of the Russian financial system, and is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Russia through surveys of leading Russian banks.
Q: How is this trend used in economic policy?
A: The interbank rate is a key policy tool used by the Central Bank of Russia to manage monetary policy and influence financial conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, and may be subject to revisions by the Central Bank of Russia.
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Citation
U.S. Federal Reserve, Quarterly (IRSTCI01RUQ156N), retrieved from FRED.