Money Market Rates Overview

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The RUONIA rate, to which the coupons of a significant portion of exchange-traded floating-rate bonds are linked, rose to 16.24% on Tuesday.

The RUSFAR ON RUB (overnight in rubles) rate adjusted to 16.1% on Tuesday.

RUSFAR ON CNY (overnight in yuan) is 0.25%.

The RUSFAR 1M rate for one month is 16.15%.

The RUSFAR 3M rate for three months is 15.90%.

RUONIA (Ruble Overnight Index Average) is a weighted interest rate for overnight unsecured interbank loans (deposits) in rubles, reflecting the cost of unsecured borrowing on overnight terms.

RUONIA is calculated based on the reporting data of the largest credit institutions using form 0409701 "Report on operations in the foreign exchange and money markets", submitted by credit institutions to the Bank of Russia in accordance with the Instruction of the Bank of Russia No. 6406-U dated April 10, 2023.

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