Zabotkin: The scenario of keeping the rate at 17% until spring does not correspond to the trajectory of the Central Bank
04 October 19:40
Overview of money market rates (RUONIA, RUSFAR)
16:39; 30 September 2025 year
© ООО Региональные новости
This rate is determined daily by calculating the average value of interbank lending transactions among 35 leading Russian banks and is published on the official website of the Central Bank of Russia.
The rate of RUSFAR ON RUB (overnight in rubles) was adjusted to 16.98% on Tuesday.
RUSFAR ON CNY (overnight in yuan) 0.17%.
The rate of RUSFAR 1M for one month is 16.86%.
The rate of RUSFAR 3M for three months is 16.55%.
It is important to emphasize that the RUSFAR rate reflects the cost of borrowing money and the level of profitability of money market instruments.
RUSFAR represents the average value of rates on REPO transactions conducted with the participation of a central counterparty over a certain time interval.
The Bank of Russia has recognized the RUSFAR rate as meeting the established criteria of financial indicators.
More than 200 participants connected to the central repo counterparty mechanism generate the market rate anonymously for standard periods: overnight (ON), week (1W), two weeks (2W), month (1M), three months (3M).
About 20 market makers also provide quote support.
It should be noted that the money market signals expectations of a key rate at the level of 16-17%. This is evidenced by the indicators of money market rates: RUONIA and RUSFAR.
The review was presented by Alexey Grishchenko, Doctor of Economics, Professor of the Department of Operational and Industry Management at the Faculty of Higher School of Management at the Financial University under the Government of the Russian Federation.
