The Bank of Russia has reduced key interest rate to 10,50% (Law No. 44-FZ)

10 June 2016 г.

The board of directors of the Bank of Russia has made on June 10, 2016 the decision to reduce key interest rate to 10,50% per annum. These changes should be considered to customers when calculating the size of a penalty fee for delay of obligation fulfillment, provided by the contract. The new extent of key interest rate is applied since June 14, 2016.