Data / Central bank policy rate / Russia

Central bank policy rate in Russia

Central bank policy rate in Russia was 14% in September 2026, according to Bank for International Settlements. That is down 3 pts from September 2025. That is the 3rd highest of 36 countries in July 2026.

September 202614%
Change on September 2025-3 pts
Rank3rd of 36Countries ranked
Series high210October 1993
Series low4.25July 2020

Central bank policy rate in Russia, January 1992 to September 2026

CSVChart (SVG)

0501001502002501992-011997-012002-012007-012012-012017-012022-012026-091992-01: 20 %1992-02: 20 %1992-03: 20 %1992-04: 50 %1992-05: 80 %1992-06: 80 %1992-07: 80 %1992-08: 80 %1992-09: 80 %1992-10: 80 %1992-11: 80 %1992-12: 80 %1993-01: 80 %1993-02: 80 %1993-03: 100 %1993-04: 100 %1993-05: 100 %1993-06: 140 %1993-07: 170 %1993-08: 170 %1993-09: 180 %1993-10: 210 %1993-11: 210 %1993-12: 210 %1994-01: 210 %1994-02: 210 %1994-03: 210 %1994-04: 205 %1994-05: 200 %1994-06: 155 %1994-07: 155 %1994-08: 130 %1994-09: 130 %1994-10: 170 %1994-11: 180 %1994-12: 180 %1995-01: 200 %1995-02: 200 %1995-03: 200 %1995-04: 200 %1995-05: 195 %1995-06: 180 %1995-07: 180 %1995-08: 180 %1995-09: 180 %1995-10: 170 %1995-11: 170 %1995-12: 160 %1996-01: 160 %1996-02: 120 %1996-03: 120 %1996-04: 120 %1996-05: 120 %1996-06: 120 %1996-07: 110 %1996-08: 80 %1996-09: 80 %1996-10: 60 %1996-11: 60 %1996-12: 48 %1997-01: 48 %1997-02: 42 %1997-03: 42 %1997-04: 36 %1997-05: 36 %1997-06: 24 %1997-07: 24 %1997-08: 24 %1997-09: 24 %1997-10: 21 %1997-11: 28 %1997-12: 28 %1998-01: 28 %1998-02: 39 %1998-03: 30 %1998-04: 30 %1998-05: 150 %1998-06: 80 %1998-07: 60 %1998-08: 60 %1998-09: 60 %1998-10: 60 %1998-11: 60 %1998-12: 60 %1999-01: 60 %1999-02: 60 %1999-03: 60 %1999-04: 60 %1999-05: 60 %1999-06: 55 %1999-07: 55 %1999-08: 55 %1999-09: 55 %1999-10: 55 %1999-11: 55 %1999-12: 55 %2000-01: 45 %2000-02: 45 %2000-03: 33 %2000-04: 33 %2000-05: 33 %2000-06: 33 %2000-07: 28 %2000-08: 28 %2000-09: 28 %2000-10: 28 %2000-11: 25 %2000-12: 25 %2001-01: 25 %2001-02: 25 %2001-03: 25 %2001-04: 25 %2001-05: 25 %2001-06: 25 %2001-07: 25 %2001-08: 25 %2001-09: 25 %2001-10: 25 %2001-11: 25 %2001-12: 25 %2002-01: 25 %2002-02: 25 %2002-03: 25 %2002-04: 23 %2002-05: 23 %2002-06: 23 %2002-07: 23 %2002-08: 21 %2002-09: 21 %2002-10: 21 %2002-11: 21 %2002-12: 21 %2003-01: 21 %2003-02: 18 %2003-03: 18 %2003-04: 18 %2003-05: 18 %2003-06: 16 %2003-07: 16 %2003-08: 16 %2003-09: 16 %2003-10: 16 %2003-11: 16 %2003-12: 16 %2004-01: 14 %2004-02: 14 %2004-03: 14 %2004-04: 14 %2004-05: 14 %2004-06: 13 %2004-07: 13 %2004-08: 13 %2004-09: 13 %2004-10: 13 %2004-11: 13 %2004-12: 13 %2005-01: 13 %2005-02: 13 %2005-03: 13 %2005-04: 13 %2005-05: 13 %2005-06: 13 %2005-07: 13 %2005-08: 13 %2005-09: 13 %2005-10: 13 %2005-11: 13 %2005-12: 12 %2006-01: 12 %2006-02: 12 %2006-03: 12 %2006-04: 12 %2006-05: 12 %2006-06: 11.5 %2006-07: 11.5 %2006-08: 11.5 %2006-09: 11.5 %2006-10: 11 %2006-11: 11 %2006-12: 11 %2007-01: 10.5 %2007-02: 10.5 %2007-03: 10.5 %2007-04: 10.5 %2007-05: 10.5 %2007-06: 10 %2007-07: 10 %2007-08: 10 %2007-09: 10 %2007-10: 10 %2007-11: 10 %2007-12: 10 %2008-01: 10 %2008-02: 10.25 %2008-03: 10.25 %2008-04: 10.5 %2008-05: 10.5 %2008-06: 10.75 %2008-07: 11 %2008-08: 11 %2008-09: 11 %2008-10: 11 %2008-11: 12 %2008-12: 13 %2009-01: 13 %2009-02: 13 %2009-03: 13 %2009-04: 12.5 %2009-05: 12 %2009-06: 11.5 %2009-07: 11 %2009-08: 10.75 %2009-09: 10 %2009-10: 9.5 %2009-11: 9 %2009-12: 8.75 %2010-01: 8.75 %2010-02: 8.5 %2010-03: 8.25 %2010-04: 8 %2010-05: 7.75 %2010-06: 7.75 %2010-07: 7.75 %2010-08: 7.75 %2010-09: 7.75 %2010-10: 7.75 %2010-11: 7.75 %2010-12: 7.75 %2011-01: 7.75 %2011-02: 8 %2011-03: 8 %2011-04: 8 %2011-05: 8.25 %2011-06: 8.25 %2011-07: 8.25 %2011-08: 8.25 %2011-09: 8.25 %2011-10: 8.25 %2011-11: 8.25 %2011-12: 8 %2012-01: 8 %2012-02: 8 %2012-03: 8 %2012-04: 8 %2012-05: 8 %2012-06: 8.25 %2012-07: 8 %2012-08: 8 %2012-09: 8.25 %2012-10: 8.25 %2012-11: 8.25 %2012-12: 8.25 %2013-01: 8.25 %2013-02: 8.25 %2013-03: 8.25 %2013-04: 8.25 %2013-05: 8.25 %2013-06: 8.25 %2013-07: 8.25 %2013-08: 8.25 %2013-09: 5.5 %2013-10: 5.5 %2013-11: 5.5 %2013-12: 5.5 %2014-01: 5.5 %2014-02: 5.5 %2014-03: 7 %2014-04: 7.5 %2014-05: 7.5 %2014-06: 7.5 %2014-07: 8 %2014-08: 8 %2014-09: 8 %2014-10: 8 %2014-11: 9.5 %2014-12: 17 %2015-01: 17 %2015-02: 15 %2015-03: 14 %2015-04: 14 %2015-05: 12.5 %2015-06: 11.5 %2015-07: 11.5 %2015-08: 11 %2015-09: 11 %2015-10: 11 %2015-11: 11 %2015-12: 11 %2016-01: 11 %2016-02: 11 %2016-03: 11 %2016-04: 11 %2016-05: 11 %2016-06: 10.5 %2016-07: 10.5 %2016-08: 10.5 %2016-09: 10 %2016-10: 10 %2016-11: 10 %2016-12: 10 %2017-01: 10 %2017-02: 10 %2017-03: 9.75 %2017-04: 9.75 %2017-05: 9.25 %2017-06: 9 %2017-07: 9 %2017-08: 9 %2017-09: 8.5 %2017-10: 8.25 %2017-11: 8.25 %2017-12: 7.75 %2018-01: 7.75 %2018-02: 7.5 %2018-03: 7.25 %2018-04: 7.25 %2018-05: 7.25 %2018-06: 7.25 %2018-07: 7.25 %2018-08: 7.25 %2018-09: 7.5 %2018-10: 7.5 %2018-11: 7.5 %2018-12: 7.75 %2019-01: 7.75 %2019-02: 7.75 %2019-03: 7.75 %2019-04: 7.75 %2019-05: 7.75 %2019-06: 7.5 %2019-07: 7.25 %2019-08: 7.25 %2019-09: 7 %2019-10: 6.5 %2019-11: 6.5 %2019-12: 6.25 %2020-01: 6.25 %2020-02: 6 %2020-03: 6 %2020-04: 5.5 %2020-05: 5.5 %2020-06: 4.5 %2020-07: 4.25 %2020-08: 4.25 %2020-09: 4.25 %2020-10: 4.25 %2020-11: 4.25 %2020-12: 4.25 %2021-01: 4.25 %2021-02: 4.25 %2021-03: 4.5 %2021-04: 5 %2021-05: 5 %2021-06: 5.5 %2021-07: 6.5 %2021-08: 6.5 %2021-09: 6.75 %2021-10: 7.5 %2021-11: 7.5 %2021-12: 8.5 %2022-01: 8.5 %2022-02: 20 %2022-03: 20 %2022-04: 17 %2022-05: 11 %2022-06: 9.5 %2022-07: 8 %2022-08: 8 %2022-09: 7.5 %2022-10: 7.5 %2022-11: 7.5 %2022-12: 7.5 %2023-01: 7.5 %2023-02: 7.5 %2023-03: 7.5 %2023-04: 7.5 %2023-05: 7.5 %2023-06: 7.5 %2023-07: 8.5 %2023-08: 12 %2023-09: 13 %2023-10: 15 %2023-11: 15 %2023-12: 16 %2024-01: 16 %2024-02: 16 %2024-03: 16 %2024-04: 16 %2024-05: 16 %2024-06: 16 %2024-07: 18 %2024-08: 18 %2024-09: 19 %2024-10: 21 %2024-11: 21 %2024-12: 21 %2025-01: 21 %2025-02: 21 %2025-03: 21 %2025-04: 21 %2025-05: 21 %2025-06: 20 %2025-07: 18 %2025-08: 18 %2025-09: 17 %2025-10: 16.5 %2025-11: 16.5 %2025-12: 16 %2026-01: 16 %2026-02: 15.5 %2026-03: 15 %2026-04: 14.5 %2026-05: 14.5 %2026-06: 14.25 %2026-07: 14 %2026-08: 14 %2026-09: 14 %
%. Source: BIS. Retrieved 2026-10-09.
All 417 values
Period%
2026-0914
2026-0814
2026-0714
2026-0614.25
2026-0514.5
2026-0414.5
2026-0315
2026-0215.5
2026-0116
2025-1216
2025-1116.5
2025-1016.5
2025-0917
2025-0818
2025-0718
2025-0620
2025-0521
2025-0421
2025-0321
2025-0221
2025-0121
2024-1221
2024-1121
2024-1021
2024-0919
2024-0818
2024-0718
2024-0616
2024-0516
2024-0416
2024-0316
2024-0216
2024-0116
2023-1216
2023-1115
2023-1015
2023-0913
2023-0812
2023-078.5
2023-067.5
2023-057.5
2023-047.5
2023-037.5
2023-027.5
2023-017.5
2022-127.5
2022-117.5
2022-107.5
2022-097.5
2022-088
2022-078
2022-069.5
2022-0511
2022-0417
2022-0320
2022-0220
2022-018.5
2021-128.5
2021-117.5
2021-107.5
2021-096.75
2021-086.5
2021-076.5
2021-065.5
2021-055
2021-045
2021-034.5
2021-024.25
2021-014.25
2020-124.25
2020-114.25
2020-104.25
2020-094.25
2020-084.25
2020-074.25
2020-064.5
2020-055.5
2020-045.5
2020-036
2020-026
2020-016.25
2019-126.25
2019-116.5
2019-106.5
2019-097
2019-087.25
2019-077.25
2019-067.5
2019-057.75
2019-047.75
2019-037.75
2019-027.75
2019-017.75
2018-127.75
2018-117.5
2018-107.5
2018-097.5
2018-087.25
2018-077.25
2018-067.25
2018-057.25
2018-047.25
2018-037.25
2018-027.5
2018-017.75
2017-127.75
2017-118.25
2017-108.25
2017-098.5
2017-089
2017-079
2017-069
2017-059.25
2017-049.75
2017-039.75
2017-0210
2017-0110
2016-1210
2016-1110
2016-1010
2016-0910
2016-0810.5
2016-0710.5
2016-0610.5
2016-0511
2016-0411
2016-0311
2016-0211
2016-0111
2015-1211
2015-1111
2015-1011
2015-0911
2015-0811
2015-0711.5
2015-0611.5
2015-0512.5
2015-0414
2015-0314
2015-0215
2015-0117
2014-1217
2014-119.5
2014-108
2014-098
2014-088
2014-078
2014-067.5
2014-057.5
2014-047.5
2014-037
2014-025.5
2014-015.5
2013-125.5
2013-115.5
2013-105.5
2013-095.5
2013-088.25
2013-078.25
2013-068.25
2013-058.25
2013-048.25
2013-038.25
2013-028.25
2013-018.25
2012-128.25
2012-118.25
2012-108.25
2012-098.25
2012-088
2012-078
2012-068.25
2012-058
2012-048
2012-038
2012-028
2012-018
2011-128
2011-118.25
2011-108.25
2011-098.25
2011-088.25
2011-078.25
2011-068.25
2011-058.25
2011-048
2011-038
2011-028
2011-017.75
2010-127.75
2010-117.75
2010-107.75
2010-097.75
2010-087.75
2010-077.75
2010-067.75
2010-057.75
2010-048
2010-038.25
2010-028.5
2010-018.75
2009-128.75
2009-119
2009-109.5
2009-0910
2009-0810.75
2009-0711
2009-0611.5
2009-0512
2009-0412.5
2009-0313
2009-0213
2009-0113
2008-1213
2008-1112
2008-1011
2008-0911
2008-0811
2008-0711
2008-0610.75
2008-0510.5
2008-0410.5
2008-0310.25
2008-0210.25
2008-0110
2007-1210
2007-1110
2007-1010
2007-0910
2007-0810
2007-0710
2007-0610
2007-0510.5
2007-0410.5
2007-0310.5
2007-0210.5
2007-0110.5
2006-1211
2006-1111
2006-1011
2006-0911.5
2006-0811.5
2006-0711.5
2006-0611.5
2006-0512
2006-0412
2006-0312
2006-0212
2006-0112
2005-1212
2005-1113
2005-1013
2005-0913
2005-0813
2005-0713
2005-0613
2005-0513
2005-0413
2005-0313
2005-0213
2005-0113
2004-1213
2004-1113
2004-1013
2004-0913
2004-0813
2004-0713
2004-0613
2004-0514
2004-0414
2004-0314
2004-0214
2004-0114
2003-1216
2003-1116
2003-1016
2003-0916
2003-0816
2003-0716
2003-0616
2003-0518
2003-0418
2003-0318
2003-0218
2003-0121
2002-1221
2002-1121
2002-1021
2002-0921
2002-0821
2002-0723
2002-0623
2002-0523
2002-0423
2002-0325
2002-0225
2002-0125
2001-1225
2001-1125
2001-1025
2001-0925
2001-0825
2001-0725
2001-0625
2001-0525
2001-0425
2001-0325
2001-0225
2001-0125
2000-1225
2000-1125
2000-1028
2000-0928
2000-0828
2000-0728
2000-0633
2000-0533
2000-0433
2000-0333
2000-0245
2000-0145
1999-1255
1999-1155
1999-1055
1999-0955
1999-0855
1999-0755
1999-0655
1999-0560
1999-0460
1999-0360
1999-0260
1999-0160
1998-1260
1998-1160
1998-1060
1998-0960
1998-0860
1998-0760
1998-0680
1998-05150
1998-0430
1998-0330
1998-0239
1998-0128
1997-1228
1997-1128
1997-1021
1997-0924
1997-0824
1997-0724
1997-0624
1997-0536
1997-0436
1997-0342
1997-0242
1997-0148
1996-1248
1996-1160
1996-1060
1996-0980
1996-0880
1996-07110
1996-06120
1996-05120
1996-04120
1996-03120
1996-02120
1996-01160
1995-12160
1995-11170
1995-10170
1995-09180
1995-08180
1995-07180
1995-06180
1995-05195
1995-04200
1995-03200
1995-02200
1995-01200
1994-12180
1994-11180
1994-10170
1994-09130
1994-08130
1994-07155
1994-06155
1994-05200
1994-04205
1994-03210
1994-02210
1994-01210
1993-12210
1993-11210
1993-10210
1993-09180
1993-08170
1993-07170
1993-06140
1993-05100
1993-04100
1993-03100
1993-0280
1993-0180
1992-1280
1992-1180
1992-1080
1992-0980
1992-0880
1992-0780
1992-0680
1992-0580
1992-0450
1992-0320
1992-0220
1992-0120

Rankings

Definition

The rate a central bank sets to steer monetary policy, or its operational target, in percent per year. United States: effective federal funds rate, monthly average of daily rates (Federal Reserve H.15). Euro area: ECB deposit facility rate in force on the last day of the month. Other countries: the policy rate in force at the end of the month as reported by the national central bank and compiled by the BIS.

Timing differs by source: the US figure is a monthly average of the market rate that the Federal Reserve targets (the target range is set by the FOMC; the BIS copy uses its midpoint), while ECB and BIS figures are end-of-month levels. The euro area series is the deposit facility rate for its whole history; the ECB has steered with it since September 2024, and before that the BIS series and most press coverage used the main refinancing rate (see ecb_main_refinancing_rate). Euro area members have no national policy rate since 1999, so their BIS series end in 1998. Each BIS series names its central bank and the instrument used in each period.

How to cite

Bank for International Settlements (BIS), from national central bank data. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). https://stats.bis.org/api/v2/data/dataflow/BIS/WS_CBPOL/1.0/M.RU?format=csv. Retrieved 2026-10-09.

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Questions

What is the central bank policy rate in Russia?

Central bank policy rate in Russia was 14% in September 2026, according to Bank for International Settlements. That is down 3 pts from September 2025. That is the 3rd highest of 36 countries in July 2026.

Where does this figure come from?

Bank for International Settlements. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). Retrieved by Invokely on 2026-10-09.

What was the highest central bank policy rate in Russia?

210% in October 1993, the highest value since January 1992 in this series.

More statistics for Russia

All statistics for Russia