Money Market Rates Overview

© Региональные новости

RUONIA - the average market rate for overnight interbank lending on Friday was set at 16.37%.

This indicator, calculated based on transactions of the top 35 Russian banks and officially published by the Bank of Russia, serves as a benchmark for determining the coupon income on most exchange-traded bonds with a floating rate.

The RUSFAR ON RUB (overnight in rubles) rate on Friday was 16.04%.

RUSFAR ON CNY (overnight in yuan) was 0.14%.

The RUSFAR 1M rate for one month is 16.38%.

The RUSFAR 3M rate for three months is 16.40%.

It should be noted that RUSFAR serves as an important indicator of funding costs and money market returns.

This rate is calculated as the average value of repo transactions with the central counterparty over a given period.

The Bank of Russia officially confirmed that RUSFAR meets the requirements for financial indicators. Notably, the current levels of RUONIA and RUSFAR rates reflect market expectations regarding the key rate at 16-17%.

The review was presented by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.