INFORMATION OF THE CENTRAL BANK OF RUSSIA

of June 9, 2008

About amount of monetary base in narrow determination

The Department for External and Public Relations of the Bank of Russia reports that on June 9, 2008 the Board of directors of the Bank of Russia made the decision on increase in level of refunding rate of the Bank of Russia and interest rates for the operations performed by the Bank of Russia.

Since June 10, 2008 the refunding rate of the Bank of Russia is established in the amount of annual interest rate 10,75, and also the following interest rates for the operations performed by the Bank of Russia are established:

1. On the credit overnight of the Bank of Russia - in the amount of annual interest rate 10,75.

2. On the credits of the Bank of Russia provided with pledge of bills of exchange, rights to claim according to the credit agreements of the organizations or guarantees of credit institutions provided according to the Provision of the Bank of Russia of 14.07.2005 N 273-P:

- for a period of up to 90 calendar days - annual interest rate 7,75;

- for a period of 91 up to 180 calendar days - in the amount of annual interest rate 8,75.

3. On the credits of the Bank of Russia provided with assets, provided for a period of up to 30 calendar days inclusive according to the Provision of the Bank of Russia of 12.11.2007 N 312-P - in the amount of annual interest rate 9,75.

4. On the lombard loans of the Bank of Russia according to the Provision of the Bank of Russia of 04.08.2003 N 236-P, granted for the term of 1 calendar day - in the amount of annual interest rate 8,75; for 7 calendar days - annual interest rate 8,75 if two last lombard auctions are recognized as cancelled.

5. The interest rate realignment does not change the size of interest rates for granted loans of the Bank of Russia as of day since which new loan interest rates of the Bank of Russia are applied.

6. On the deposit operations of the Bank of Russia performed according to the Provision of the Bank of Russia of 05.11.2002 N 203-P:

- on standard conditions "volume-nekst", "spot-nekst", "poste restante" - in the amount of annual interest rate 3,5;

- on standard conditions "one week", "spot week" - in the amount of 4,0 of annual interest rates.

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