Lending interest rate | Russian Federation

The average lending rate in Russian Federation in 2023 was 11.62%. In 2022, the value was amounted to  11.46%. It has been growing in this country for already 3 years in a row. Since 1997, for the whole period of statistics, this indicator has decreased in 2.76 times. The lowest credit rate meets the short- and medium-term financing needs of the private sector in Russian Federation was recorded in 2020, with a value of 6.78%. The highest value was in end-1998, when it reached 41.79%.