Bank of Russia Lombard Credit Rates
Bank of Russia Lombard Credit Rates
(%)
 
Period

For a term of

7 days 14 days 29 days
September 9, 1996 - October 20, 1996 30 50 60
October 21, 1996 - December 1, 1996 20 40 50
December  2, 1996 - February 9, 1997 24 36 48


Period

For a term of

3-7 days 8-14 days 15-30 days
February 10, 1997 - April 27, 1997 24 33 42
April 28, 1997 - June 15, 1997 24 30 36
June 16, 1997 - October 5, 1997 18 21 24
October 6, 1997 - November 10, 1997 15 18 21
November 11, 1997 - November 30, 1997 22 25 28
December  1, 1997 - February 1, 1998 36 36 36
February 2, 1998 - February 16, 1998 42 42 42
February 17, 1998  - March 1, 1998 39 39 39
March 2, 1998 - March 15, 1998 36 36 36
March 16, 1998 - May 17, 1998 30 30 30
May 18, 1998 - May 18, 1998 36 36 40
May 19, 1998 - May 26, 1998 50 50 50
May 27, 1998 - June 4, 1998 150 150 150


Period Fixed interest rate for 3-20 days Date Average weighted rate at credit auctions for 21-30 days
June 5, 1998 - June 28, 1998 60 June 1, 1998 78.8
June 29, 1998 - July 7, 1998 80 June 8, 1998 45.7
       June 15, 1998 59.24
    June 22, 1998 55.03


Date Average weighted rate at credit auctions up to 7 days Volume of met demand,
thous. rubles
July 13, 1998 146.5 430000.0
July 20, 1998 93.25 518900.0
July 28, 1998 66.81 228810.0
July 31, 1998 58.76 58670.0
August 3, 1998 60.10 189917.0
August 6, 1998 57.02 29220.0
August 10, 1998 67.13 355240.4
August 13, 1998 126.98 507900.0
August 17, 1998 184.54 4045300.0
August 20, 1998 159.40 5646838.0
August 24, 1998 138.29 3561445.0
August 27, 1998 147.04 335420.0
September 3, 1998 147.80 370204.0
     The Bank of Russia's lombard credits are one of the forms of banks' refinancing which is used to regulate their liquidity. During the period as shown in the table the lombard credits were granted to banks against securities. Since July 27, 1998 according to the decision of the Bank of Russia Board of Directors the lombard credits have been extended through auctions only which are held twice a week (on Monday and Thursday). The lombard credits are issued for a term of up to calendar days.


Updated September 29, 1998.






Address:12 Neglinnaya Street, Moscow, 107016 Russia; tel.: (495) 771 91 00; fax: 621 64 65; E-mail: webmaster@www.cbr.ru
Copyright © 2000-2006 Bank of Russia
Rambler's Top100 Rambler's Top100