
Money market rates (RUONIA, RUSFAR)

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RUONIA - the average market rate of one-day interbank lending - is fixed at 20.69%.
This indicator, calculated based on the operations of the top 35 Russian banks and officially published by the Central Bank of the Russian Federation, serves as the basis for determining coupon income for most exchange-traded floating-rate bonds.The rate of RUSFAR ON RUB (overnight in rubles) is 20.69%.
RUSFAR ON CNY (overnight in Yuan) +0.18%.
The rate of RUSFAR 1M for one month is 20.98%.
The RUSFAR 3M rate for three months is 20.17%.
Note that RUSFAR serves as an important indicator of the cost of funding and the profitability of the money market.
This rate is calculated as the average value of the rates on REPO transactions with a central counterparty for a given period.
The Central Bank of the Russian Federation has officially confirmed the compliance of RUSFAR with the requirements for financial indicators. It is noteworthy that the current levels of RUONIA and RUSFAR rates reflect market expectations for a key rate of 20-21%.
The review was presented by Alexey Grishchenko, Doctor of Economics, Professor of the Department of Operational and Industry Management at the Graduate School of Management of the Financial University under the Government of the Russian Federation.