Interest Rates in 1996
Interest Rates  in 1996
(% per annum)
 
  Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec.
Interbank Rate1 31.1 29.3 67.9 36.5 30.5 63.9 44.7 31.5 38.6 29.4 26.7 26.4
GKOs Yield 2 80.2 52.2 67.5 69.2 107.9 110.7 64.3 50.2 46.2 39.5 35.5 33.6
Deposit Rate3 54.0 54.0 38.4 38.4 48.0 48.0 48.0 48.0 48.0 48.0 30.0 30.0
Credit Rate4 119.0 108.0 105.0 105.0 104.4 105.4 94.3 83.0 94.7 65.0 61.3 51.6

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. Calculated with the use of simple interest pattern .
Deposit Rate - a prevailing rate on the time deposit with monthly interest payment for amounts of RUR 300,000.
4 Credit rate - an average-weighted rate on credits to enterprised and organisations for a term of up to one year in regional markets. It is set with the use of simple interest.

Updated November 20, 1998.


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