Money Market Rate Review

© ООО Региональные новости

RUONIA - the average one-day interbank lending rate on Friday settled at 16.20%.

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

RUONIA ON RUB (overnight in rubles) on Friday was 16.44%.

RUONIA ON CNY (overnight in yuan) was -0.03%.

RUONIA 1M (one month) rate was 16.08%.

RUONIA 3M (three months) rate was 15.84%.

It is worth noting that RUONIA is an important indicator of funding costs and money market returns.

This rate is calculated as the average rate of REPO transactions with a central counterparty over a specified period.

The Central Bank of Russia officially confirmed that RUONIA meets the requirements for financial indicators. Notably, the current levels of RUONIA and RUONIA rates reflect market expectations for the key rate of 15-16%.

Review presented by Alexey Grishchenko, Ph.D., Professor of the Department of Operational and Industry Management, Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.