Rates on interbank loans increased significantly

MosPrime Rate, to provide an indicative rate of ruble credits in the Moscow money market rose for the period - 1 day - up to 23 % (2.5000) 1 month - 28.50% (0.5000) 3 months - 29.17% (0.6700). Increased rates indicates that banks do not have enough ruble liquidity, an analyst at Alfa Bank, "Olga Naidenova. Active devaluation caused many market participants to play against the national currency, respectively, the last time they were very heavily invested in foreign currency instruments. It seems that now they have become necessary to extinguish denominated obligations, denominated corporate bonds or need to spend tax payments, said O. Naidyonov. Recall that MosPrime Rate - Moscow Prime Offered Rate - the provision of indicative rates of ruble loans (deposits) on the Moscow money market. This figure is formed by the National Foreign Exchange Association on the basis of the declared 10 banks - the leading market operators interbank deposit rates terms "overnight", 1 week, 2 weeks, 1, 2, 3 and 6 months. Repayment period is counted from the date of tomorrow ("tomorrow") except for the rate "overnight".