28 May 2018
Press Release on the Operational Framework of the Monetary Policy
The CBRT has decided to complete the simplification process regarding the operational framework of the monetary policy.
• One-week repo rate will be the policy rate of the Central Bank. This rate will be equal to the current funding rate (16.50%).
• Central Bank overnight borrowing and lending rates will be determined at 150 basis points below/above the one-week repo rate.
The new operational framework will take effect on 1 June 2018.
Technical details will be announced.
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