Russia Top-10 Bank Deposit Rate Rises to 13.09% in Late October

The average maximum ruble deposit rate among Russia's top-10 banks edged up to 13.09% from 13.06% in the third week of October 2026, per CBRF data. This continues a gradual upward trend, reflecting persistent monetary tightening or high inflation expectations. The incremental rise signals sustained high-rate environment, with implications for Russian credit and currency dynamics.

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