Money Market Rates Overview

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The RUONIA rate, which serves as a benchmark for floater bonds, fell to 15.99% on Monday.

It should be noted that the RUONIA rate:

- reflects the average cost of one-day ruble loans in the interbank market,

- is calculated daily by the Bank of Russia based on data from the top 35 banks.

The RUSFAR ON RUB (overnight, rubles) rate on Monday was 15.82%.

RUSFAR ON CNY (overnight, yuan) on the first day of the week was +0.35%.

RUSFAR 1M for 1 month – 15.7%.

RUSFAR 3M for 3 months – 15.79%.

It is worth noting that the RUSFAR rate serves as a key benchmark:

- indicates the level of rates in the Russian money market,

- is formed based on the average values of repo transactions with the Central Counterparty,

- is included in the list of financial indicators approved by the Bank of Russia.

The situation in the money market reflects a key rate level of 15-16%. This is indicated by the indicators of money market rates: RUONIA and RUSFAR.

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