Bank of Russia increases refinancing rate and key interest rates since April 29

/INTERFAX-AFI, Moscow, April 28, 08/ - Bank of Russia increases refinancing rate from 10.25% to 10.5% since April 29, 2008, - is said in the report of foreign and public relation department of CB of RF. Key interest rates will also increase by 0.25% since April 29. These actions are made by CB of RF with the aim to restrain inflation and further slowdown of money supply dynamic, - is said in the report. CB of RF introduces the following interest rates on operations, made by Bank of Russia: 1. By "overnight" credits of Bank of Russia - at the amount of 10.5% APR. 2. By credits of Bank of Russia, secured on security of bills, demand right of organization credit contracts or guarantee of credit organizations, provided in accordance with Bank of Russia regulation #273-П, dated July 14, 2005 - for the period of 90 calendar days - 7.5% APR; for the period from 91 to 180 calendar days - at the amount of 8.5% APR. 3. By credits of Bank of Russia, secured on assets, provided for the period of 30 calendar days in accordance with Bank of Russia regulation #312-П, dated November 12, 2007 - at the amount of 9.5% APR. 4. By pawn credits of Bank of Russia in accordance with Bank of Russia regulation #236-П, dated August 4, 2003, provided for the period of 1 calendar day - at the amount of 8.5% APR, for the period of 7 calendar days - at the amount of 8.5% APR, if two last pawn actions were rejected. 5. By deposit operations of Bank of Russia, which are held in accordance with Bank of Russia regulation #203-П, dated November 5, 2002 on standard "TOM-NEXT", "SPOT-NEXT" "poste restante" terms - at the amount of 3.25% APR; - on standard "one week". "SPOT-WEEK" terms - at the amount of 3.75% APR. 6. By "currency swap" deals for 1 day term (ruble part) - at the amount of 8.5% APR. 7. By direct repo operations on fixed rate: for 7 days term - at the amount of 7.5% APR; - for 1 day term - at the amount of 8.5% APR. 8. Minimal interest rate by operations of liquidity introducing on open market: by direct repo operations for 1 day term - 6.5% APR; by direct repo operations for 7 days term - 7% APR; by pawn credits operations for 2 weeks term - 7.5% APR. [2008-04-29]