Russian cbank sees basic ruble deposit yield at 15.42% in July
MOSCOW, Jun 24 (PRIME) -- The Russian central bank expects the basic yield on the ruble-denominated demand deposits in July to fall to 15.416% annually after 20.017 % in June, the authority said in a statement Friday.
The central bank calculates the basic deposit yield on the basis of the maximum interest rates of the top banks that attract two thirds of the deposits in Russia.
The basic rate of the deposits in rubles for up to 90 days is to stand at 14.52%, from 90 to 180 days at 15.32 %, from 181 days till 365 days 14.547%, for longer-maturity deposits 11.225%.
The U.S. dollar demand deposit rates amounted to 0.036%, 1.095% for up to 90 days, 1.504% from 91 to 180 days, 2.018% from 181 days till 365 days, and 2.269% for longer-maturity ones.
The euro demand deposit rates were 0.01%, 1.2% for up to 90 days, 0.854% from 91 to 180 days, 0.653% from 181 days till 365 days, 1.2% for longer-maturity ones.