Interest Rates in 1998
Interest Rates in 1998
(% per annum)
 
  Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec.
Interbank Rate1 24.1 30.3 25.9 29.5 47.6 56.1 58.8 45.3 139.7 84.9 36.7 27.8
GKOs Yield2 29.4 26.4 22.2 25.0 43.9 51.3 58.0 84.2
OBRsYield5 80.1 54.9 40.8 48.1
Deposit Rate3 11.6 12.2 11.2 11.0 12.9 14.0 15.1 17.5 23.8 27.3 22.3 25.7
Credit Rate4 29.8 30.4 38.3 38.8 40.4 48.0 44.9 48.6 46.8 49.0 44.8 41.7

 

  1998 Q1, 1998 Q2, 1998 Q3, 1998 Q4, 1998
Interbank Rate1 50.6 26.8 44.4 81.2 49.8
GKOs Yield2 42.6 26.0 40.1
OBRs Yield5 56.0 47.9
Deposit Rate3 17.1 11.7 12.6 18.8 25.1
Credit Rate4 41.8 32.8 42.4 46.8 45.2

1
Interbank Rate - an average-weighted rate on overnight interbank credits in the Moscow market.
2 GKOs Yield  - an average-weighted GKOs yield by volume and terms of circulation with maturities of up to 90 days. Since April 1997, the yields of taxable GKO issues. In August 1998, the data for the period from August 1 to August 14, 1998.
Deposit Rate - an average-weighted rate on deposits of private individuals in commercial banks (including Sberbank) for a term of up to one year.
4 Credit Rate - an average-weighted rate on credits to enterprises and organisations (including Sberbank) for a term of up to one year.
5 OBRs Yield - an average-weighted by volume and terms of circulation.
Annual and quarterly rates are calculated as an average of monthly data.

 Updated May 7, 1999.


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