The Central Bank plans to supervise interest rates on currency deposits

Elvira Latypova

The Bank of Russia is going to control over interest rates on currency deposits. As federal electronic mass-media inform referring to the director of department of banking regulation and supervision of the Central Bank RF Alexey Simanovsky, the Bank of Russia prepares the letter with new recommendations concerning the level of depositary rates of banks.

We shall remind that earlier the Central Bank recommended to its territorial departments to monitor only level of interest rates on rouble deposits. Now the Central Bank will recommend to its divisions to estimate interest rates on currency deposits too. It plans to prepare and dispatch corresponding letters till the autumn.

The National bank RB does not comment on this information before reception of official instructions from the Central Bank.

According to Simanovsky, the average level of interest rates for specific region will be a reference point.

Now the maximum interest rates on currency deposits in the Russian banks reach 10-10,5 per annum. Basically, it concerns small banks. In the large credit organisations they do not exceed six percent.

#interest rates

Join us for more and faster updates on our social media.:

Rubrics

Phone

Office: +7(347) 250-05-07 Advertising office: +7(347) 250-11-11 Editors office: +7(347) 250-07-28 Cooperation: +7(347) 250-06-14

inf@bashinform.ru

Address

450077, Ufa, Kirov street, 45

© 1992-2026 Bashinform News Agency JSC. Mass Media Registration Certificate No. TU 02-01609 dated September 25, 2017, issued by the Office of the Federal Service for Supervision of Communications, Information Technology and Mass Media for the Republic of Bashkortostan.

All information and content posted on the website www.bashinform.ru are protected by international and Russian copyright and related rights legislation. All reports by the Bashinform News Agency are intended for users over 18 years of age.

When reprinting or quoting, a reference to Bashinform News Agency is mandatory. For online publications and social media, a direct active hyperlink is required. Using the Bashinform News Agency logo for purposes not related to the agency when reprinting or quoting is permitted only with the written permission of JSC Bashinform News Agency.