OREANDA-NEWS. On 11 December 2015, the Bank of Russia Board of Directors decided to equate from 1 January 2016 the refinancing rate with the Bank of Russia key rate set as of the respective date.

The Bank of Russia will further change the refinancing rate and its key rate simultaneously by the same value.

Starting from 1 January 2016, the independent value of the refinancing rate will not be set.