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INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of February 26, 2024 No. 6685-U

About the size of interest rates for deposit transactions of the Bank of Russia

1. According to solutions of the Board of directors of the Bank of Russia (protocols of meetings of the Board of Directors of the Bank of Russia of June 1, 2018 No. 19 and of February 16, 2024 No. PSD-3):

1.1. The interest rate for the deposit operations overnight performed in accordance with the terms of carrying out deposit transactions by the Bank of Russia, published on the official site of the Bank of Russia on the Internet, is established in the amount of the key interest rate of the Bank of Russia reduced by 1,00 of percent point.

1.2. The interest rate for the charge of percent on ahead of schedule returned deposit amount placed in the Bank of Russia is established in the amount of, equal to the interest rate for deposit transactions overnight applied in day for which the specified percent are charged.

2. This Instruction is subject to official publication and becomes effective since February 26, 2024.

3. From the date of entry into force of this Instruction to declare invalid the Instruction of the Bank of Russia of June 1, 2018 No. 4806-U "About the size of interest rates for deposit transactions of the Bank of Russia" <1>.

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<1> The official site of the Bank of Russia on the Internet (www.cbr.ru), on June 4, 2018.

Chairman of the Central bank of the Russian Federation

E. S. Nabiullina

 

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