RUONIA Rate Stands at 14.06% on Wednesday

18:23; 04 November 2026 year

### RUONIA Rate Hits 14.06% on Wednesday On Wednesday, the RUONIA rate stood at 14.06%. It is important to note that the coupon payments of most floating-rate bonds are tied to the RUONIA rate. The average rate of overnight ruble-denominated loans (RUONIA) is the rate applied by banks when providing short-term loans to each other for a period of one day ("overnight"). The rate is calculated daily by averaging the interbank lending operations among the top 35 Russian banks and is published on the official website of the Central Bank of Russia. On Wednesday, the RUSFAR ON RUB (overnight, rubles) rate was 13.93%, while the RUSFAR ON CNY (overnight, yuan) rate stood at 0.6%. The RUSFAR rate serves as a key benchmark: - It reflects the level of interest rates in the Russian money market. - It is based on the average values of repo transactions with the central counterparty. - It is included in the list of financial indicators approved by the Central Bank of Russia. It is worth noting that RUONIA is an unsecured rate, while RUSFAR is a secured funding rate, but both are key indicators of the cost of money in the market and are used for floating rates in bonds. RUONIA (Ruble Overnight Index Average) is the rate for unsecured overnight ruble lending, calculated by the Central Bank of Russia based on transactions among the top 35 banks. RUSFAR (Russian Secured Funding Average Rate), on the other hand, is the secured funding rate (repo with a central counterparty) calculated by the Moscow Exchange for different tenors (ON, 1M, 3M, etc.). This overview was presented by Alexey Grishchenko, Ph.D., Professor at 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.

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