The key rate determines the minimum interest rate at which the Central Bank of the Russian Federation provides cash loans to commercial banks for one week In addition,
it is the maximum indicator at which the Central Bank accepts deposits from banking organizations It is used to set the percentage on bank loans, and also has a for to existing mobile number list have serious impact on the inflation rate and the value of shares of credit institutions (see The most reliable Russian banks according to the Forbes rating )
The key rate of the Central Bank of the Russian Federation -
Discount rate - determines the amount of annual interest charged by the Central Bank or any other government authorities involved in monetary policy for lending money to commercial lending institutions Basically, such loans are provided to banks for one night, which allows them to maintain liquidity or fulfill existing obligations It is one of the most effective tools to regulate the economic situation in the country
The discount and key rate, the difference between which lies, among other things, in vesting the accounting, fiscal function, which manifests itself in the following points.