Bank of Russia announcement On minimum interest rates at auctions to provide foreign currency
Considering the developments in the domestic FX market the Bank of Russia decided to set the following interest rates from 21 April 2015:
Minimum interest rates at FX repo auctions equal to LIBOR rates in corresponding currencies and for the comparable terms plus 2.00 percentage points for 1 week and 28 days term and 2.50 percentage points for 12 months term;
Minimum interest rates at auctions to provide loans in foreign currency secured by the pledge of claims on loans in foreign currency equal to LIBOR rates in corresponding currencies and for the comparable terms plus 2.25 percentage points for 28 days term and 2.75 percentage points for 365 days term.
Source: Bank of Russia
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