Reasons for interest rate rise in the Russian economy

Subject. The article investigates reasons for interest rate increase in the Russian economy. Objectives. The study aims to determine reasons for rising interest rates in the Russian economy. Methods. The research methodology draws on the application of general scientific methods, primarily, the analysis and synthesis of data, and special economic and mathematical methods, in particular, correlation and regression analysis. Results. The paper identifies the need to eliminate the possibility of credit and other financial institutions to influence the type of interest rate, shows the transition to a higher volume of standing overnight deposits and one-week deposit auctions, notes that it is required to return to negative values of State and municipal securities minus debt securities of residents (except for State and municipal securities) with high volatility exceeding the volume of State and municipal securities over debt securities of residents. Conclusions. The identified reasons for interest rates growth in the Russian economy indicate to the expert community their marginal values.