List of sovereign states by central bank interest rates explained
This is a list of countries by annualized interest rate set by the central bank for charging commercial, depository banks for loans to meet temporary shortages of funds.
List
Country or currency union | Central bank interest rate (%) | Change | Effective date of last change | Average inflation rate 2017–2021 (%) by WB and IMF[1] [2] as in the List | Central bank interest rate minus average inflation rate (2017–2021) |
---|
| 6.00 | 3.00 | [3] | 3.38 | 2.62 |
| 3.00 | 0.25 | [4] | 1.78 | 1.22 |
| 3.00 | 0.25 | [5] | 4.14 | -1.14 |
| 18.00 | 1.00 | [6] | 22.64 | -4.64 |
| 40.00 | 10.00 | [7] | 40.85 | -0.85 |
| 7.75 | 0.25 | [8] | 2.62 | 5.13 |
| 4.35 | 0.25 | [9] | 1.78 | 2.57 |
| 7.25 | 0.25 | [10] | 5.02 | 2.23 |
| 4.00 | 0.50 | [11] | 1.86 | 2.14 |
| 6.25 | 0.25 | [12] | 0.63 | 5.62 |
| 6.50 | 0.50 | [13] | 5.58 | 0.92 |
| 2.00 | 5.00 | [14] | 3.51 | -1.51 |
| 9.75 | 0.25 | [15] | 6.25 | 3.50 |
| 3.03 | 0.02 | [16] | 1.83 | 1.20 |
| 2.15 | 0.25 | [17] | 3.40 | -1.25 |
| 10.50 | 0.25 | [18] | 4.35 | 6.15 |
| 3.80 | 0.16 | [19] | 1.92 | 1.88 |
| 4.50 | 0.25 | [20] | 1.94 | 2.56 |
| 1.25 | 0.25 | [21] | 1.05 | 0.20 |
| 5.00 | 0.50 | [22] | | |
| 5.75 | 0.25 | [23] | 2.80 | 2.95 |
| 3.35 | 0.10 | [24] | 2.00 | 1.35 |
| 10.75 | 0.50 | [25] | 3.36 | 7.39 |
| 4.75 | 0.50 | [26] | 1.60 | 3.15 |
| 25.00 | 14.00 | [27] | 18.09 | 6.91 |
| 5.50 | 0.75 | [28] | | |
| 4.50 | 0.25 | [29] | 2.67 | 1.83 |
| 3.35 | 0.25 | [30] | 0.85 | 2.50 |
| 7.00 | 0.25 | [31] | 4.05 | 2.95 |
| 3.00 | 1.00 | [32] | | |
| 27.25 | 6.00 | [33] | 13.69 | 13.56 |
| 7.50 | 0.25 | [34] | 4.36 | 3.14 |
| 4.25 | 0.25 | [35] | | |
| 0.25 | 0.25 | [36] | 1.54 | -1.29 |
| 17.00 | 1.00 | [37] | 6.93 | 10.07 |
| 8.00 | 0.25 | [38] | 5.59 | 2.41 |
| 29.00 | 1.00 | [39] | 9.70 | 19.30 |
| 5.00 | 0.25 | [40] | 3.97 | 1.03 |
| 3.00 | 0.75 | [41] | 4.14 | -1.14 |
| 5.75 | 0.25 | [42] | 1.79 | 3.96 |
| 7.00 | 0.25 | [43] | 3.30 | 3.70 |
| 9.25 | 0.50 | [44] | 2.91 | 6.34 |
| 6.50 | 0.25 | [45] | 4.70 | 1.80 |
| 6.25 | 0.25 | [46] | 2.70 | 3.05 |
| 23.00 | 0.60 | [47] | 30.05 | -7.05 |
| 4.50 | 0.25 | [48] | 0.55 | 3.95 |
| 7.00 | 0.50 | [49] | 4.57 | 2.43 |
| 0.25 | 0.15 | [50] | 0.35 | -0.10 |
| 7.50 | 0.50 | [51] | 2.16 | 5.34 |
| 14.25 | 0.25 | [52] | 6.61 | 7.64 |
| 13.00 | 0.50 | [53] | 5.81 | 7.19 |
| 4.25 | 0.25 | [54] | 1.69 | 2.56 |
| 9.00 | 2.00 | [55] | 5.03 | 3.97 |
| 20.00 | 10.00 | [56] | 39.55 | -19.55 |
| 7.75 | 0.25 | [57] | 5.04 | 2.71 |
| 26.00 | 2.00 | [58] | 9.65 | 16.35 |
| 3.00 | 0.25 | [59] | 1.36 | 1.64 |
| 4.50 | 0.50 | [60] | 3.01 | 1.49 |
| 10.75 | 0.25 | [61] | 4.67 | 6.08 |
| 3.60 | 0.15 | [62] | 4.34 | -0.74 |
| 11.00 | 1.00 | [63] | 5.50 | 5.50 |
| 2.75 | 0.25 | [64] | 0.92 | 1.83 |
| 14.25 | 0.75 | [65] | 6.22 | 8.03 |
| 7.75 | 0.50 | [66] | 4.08 | 3.67 |
| 5.50 | 0.25 | [67] | 1.95 | 3.55 |
| 7.00 | 0.50 | [68] | 4.40 | 2.60 |
| 26.75 | 0.50 | [69] | 14.03 | 12.72 |
| 6.30 | 0.15 | [70] | 1.58 | 4.72 |
| 4.50 | 0.25 | [71] | 2.14 | 2.36 |
| 6.00 | 0.25 | | 0.94 | 5.06 |
| 19.50 | 1.00 | [72] | 6.89 | 12.61 |
| 3.00 | 0.50 | [73] | 4.46 | -1.46 |
| 6.00 | 0.25 | [74] | 3.12 | 2.88 |
| 5.50 | 0.25 | [75] | 2.25 | 3.25 |
| 6.50 | 0.25 | [76] | 3.50 | 3.00 |
| 5.75 | 0.25 | [77] | 2.74 | 3.01 |
| 6.00 | 0.25 | [78] | -0.04 | 6.04 |
| 6.50 | 0.25 | [79] | 3.35 | 3.15 |
| 18.00 | 2.00 | [80] | 4.07 | 13.93 |
| 7.00 | 0.50 | [81] | 3.75 | 3.25 |
| 0.20 | 0.02 | [82] | 1.13 | -0.93 |
| 6.00 | 0.25 | | 1.24 | 4.76 |
| 6.00 | 0.25 | [83] | 2.31 | 3.69 |
| 2.00 | 1.00 | [84] | 3.91 | -1.91 |
| 19.25 | 0.50 | [85] | 14.77 | 4.48 |
| 5.50 | 0.75 | [86] | | |
| 8.25 | 0.50 | [87] | 4.34 | 3.91 |
| 3.50 | 0.25 | [88] | 1.31 | 2.19 |
| 15.00 | 3.00 | [89] | 73.91 | -58.91 |
| 8.25 | 0.25 | [90] | 4.97 | 3.28 |
| | | | 100.90 | |
| 10.00 | 1.00 | [91] | 24.53 | -14.53 |
| 3.75 | 0.25 | [92] | 1.66 | 2.09 |
| 1.25 | 0.25 | [93] | 0.31 | 0.94 |
| 2.00 | 0.125 | [94] | 0.91 | 1.09 |
| 9.25 | 0.25 | [95] | 7.10 | 2.15 |
| 2.50 | 0.25 | [96] | 0.49 | 2.01 |
| 3.50 | 1.50 | [97] | 1.11 | 2.39 |
| 8.00 | 0.75 | [98] | 6.14 | 1.86 |
| 50.00 | 5.00 | [99] | 14.38 | 35.62 |
| 10.00 | 0.25 | [100] | 3.11 | 6.89 |
| 13.00 | 0.50 | [101] | 9.11 | 3.89 |
| 5.40 | 0.25 | | 0.61 | 4.79 |
| 5.00 | 0.25 | [102] | 2.00 | 3.00 |
| 5.50 | 0.50 | [103] | 2.46 | 3.04 |
| 9.00 | 0.25 | [104] | 7.80 | 1.20 |
| 13.50 | 0.50 | [105] | 13.95 | -0.45 |
| 4.50 | 0.50 | [106] | 3.02 | 1.48 |
West African States | 3.50 | 0.25 | [107] | | |
| 13.50 | 1.00 | [108] | 12.25 | 1.25 |
| 150.00 | 50.00 | [109] | 183.31 | -33.31 |
|
Notes and References
- Web site: Inflation, consumer prices (annual %) Data. data.worldbank.org. 2019-12-07.
- Web site: Report for Selected Countries and Subjects. www.imf.org. 2019-12-07.
- Web site: 2021-07-24 . The Monetary Policy Committee (MPC) Meeting . 2023-07-30 . Da Afghanistan Bank.
- Web site: Latest monetary policy decision and calendar . 2024-07-12 . Bank of Albania.
- Web site: TENDANCES MONETAIRES ET FINANCIERES - Premier Semestre 2022 . 2023-03-14 . . 29 . fr.
- News: 2023-11-21 . Angola central bank hikes rates as inflation continues to climb . . 2023-11-26.
- News: Simauchi . Kevin . Olivera Doll . Ignacio . 2024-05-14 . Argentina Cuts Interest Rate for Sixth Time to 40% as Inflation Slows . 2023-06-02 . BNN Bloomberg.
- Web site: MP Instruments Interest Rates . 2024-06-12 . Central Bank of Armenia.
- Web site: Cash Rate Target . 2023-11-11 . Reserve Bank of Australia.
- Web site: 2024-05-01 . Press Releases - On parameters of the interest rate corridor . Central Bank of Azerbaijan.
- Web site: Money & Credit Aggregates . 2023-02-03 . Central Bank of The Bahamas.
- News: Derhally . Massoud A . 2023-07-26 . Gulf central banks raise interest rates as Fed benchmark hits 22-year high . .
- News: 2023-06-18 . Bangladesh Bank ends rate cap, hikes policy rate by 50 basis points . .
- Web site: 2020-03-30 . Central Bank of Barbados Announces Monetary Policy Measures . 2023-02-04 . Central Bank of Barbados.
- Web site: 2023-05-22 . Belarus' central bank to cut down refinancing rate to 9.75% on 31 May . belarus.by.
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- Web site: 2024-06-13 . Monetary Policy Committee Decision - 13 June 2024 . Bank of Botswana.
- Web site: 2023-05-08 . Copom reduces the Selic rate to 10.50% p.a. . .
- Web site: 2023-11-30 . Press Release . Bulgarian National Bank.
- Web site: Policy interest rate . 2024-07-24 . . en-US.
- Web site: 2023-10-31 . Comunicado do Banco de Cabo Verde sobre a orientação da Política Monetária 31 de outubro de 2023 . 2024-03-30 . . pt.
- Web site: 2023-03-27 . COMITE DE POLITIQUE MONETAIRE Séance du 27 mars 2023 COMMUNIQUE DE PRESSE . 2023-04-27 . . fr.
- News: Malinowski . Matthew . 2024-06-18 . Chile Central Bank Likely to Tap the Brakes on Pace of Interest Rate Cuts . 2024-06-29 . BNN Bloomberg.
- News: 22 July 2024 . China cuts several major interest rates to support fragile economy . 22 July 2024 . Reuters.
- Web site: 2024-08-05 . The Board of Directors of Banco de la República, by a majority vote, opted to reduce the benchmark rate by 50 basis points to 10.75% . .
- Web site: Tasa de política monetaria . 2024-05-04 . Banco Central de Costa Rica.
- Web site: Taux Directeur (Prêt à Court Terme) . 2024-03-24 . . fr.
- Web site: Monetary policy stance tightened further: CBCS raises pledging rate to 5,50 . 2023-03-19 . Centrale Bank van Curaçao en Sint Maarten.
- Web site: Bank Board decisions . 2024-08-08 . Czech National Bank.
- Web site: Official interest rates . 2024-06-06 . Danmarks Nationalbank.
- Web site: 2023-11-30 . CBDR reduces its monetary policy rate by 25 basis points, from 7.25 % to 7.00 % per annum . . es.
- News: 2024-02-19 . Positive economic growth outlook for ECCU member states . 2024-03-07 . loopnews.com.
- Web site: 2024-03-06 . Special Monetary Policy Committee Meeting . Central Bank of Egypt.
- Web site: 2023-07-21 . Monetary Policy Statement – July 2023 . Central Bank of Eswatini.
- Web site: Key ECB interest rates . 2024-06-06 . European Central Bank.
- Web site: 2020-03-18 . Press Release No 07 – RBF Reduces Overnight Policy Rate . 2023-02-04 . Reserve Bank of Fiji.
- Web site: Monetary Policy Rate . 2023-09-02 . Central Bank of The Gambia.
- Web site: Monetary Policy Rate . 2024-06-02 . National Bank of Georgia.
- Web site: Policy Rate Trends . 2024-02-04 . Bank of Ghana.
- Web site: 2023-04-26 . LA JUNTA MONETARIA AUMENTA LA TASA DE INTERÉS LÍDER DE POLÍTICA MONETARIA DE 4.75% A 5.00% . 2023-08-02 . . es.
- Web site: EL BANCO CENTRAL DE HONDURAS MANTIENE LA TASA DE POLÍTICA MONETARIA . 30 October 2021 . . es.
- Web site: 2023-07-27 . Adjustment of the Base Rate . Hong Kong Monetary Authority.
- Web site: 2024-06-18 . Press release on the Monetary Council meeting of 18 June 2024 . Hungarian National Bank.
- Web site: 2023-08-23 . Statement of the Monetary Policy Committee 23 August 2023 . Central Bank of Iceland.
- Web site: 2023-02-08 . Monetary Policy Statement, 2022-23 Resolution of the Monetary Policy Committee (MPC) February 6-8, 2023 . Reserve Bank of India.
- Web site: BI-Rate . 2024-05-04 . Bank Indonesia.
- Web site: Policy Rates . 2024-07-20 . Central Bank of the Islamic Republic of Iran.
- Web site: 2024-01-01 . The Monetary Committee decides on January 1, 2024 to reduce the interest rate by 0.25% to 4.5% . Bank of Israel.
- Web site: Monetary Policy Decisions & Schedule . 2023-02-06 . Bank of Jamaica.
- Web site: 31 July 2024 . Change in the Guideline for Money Market Operations and Decision on the Plan for the Reduction of the Purchase Amount of Japanese Government Bonds . Bank of Japan.
- Web site: Monetary Policy Interest Rates . 2023-07-29 . Central Bank of Jordan.
- Web site: 2015 – 2024 Decision Making Schedule . 2024-07-12 . National Bank of Kazakhstan.
- Web site: 2024-02-06 . PRESS RELEASE MONETARY POLICY COMMITTEE MEETING . Central Bank of Kenya.
- Web site: Derhally . Massoud A . 2023-07-26 . Gulf central banks raise interest rates as Fed benchmark hits 22-year high . The National News.
- Web site: Policy rate of the National Bank of the Kyrgyz Republic . 2024-06-02 . National Bank of the Kyrgyz Republic.
- Web site: 2023-05-08 . REPO RATE . Banque du Liban.
- Web site: 2023-05-29 . Statement of the monetary policy committee . Central Bank of Lesotho.
- News: Acharya . Bhargav . 2024-02-05 . Malawi central bank raises policy rate by 200 basis points . Reuters.
- Web site: 2023-05-03 . Monetary Policy Statement . Bank Negara Malaysia.
- Web site: Key Rate . 2023-02-03 . Bank of Mauritius.
- Web site: 2023-08-08 . Monetary Policy Statement . Banco de México.
- Web site: NBM Interest rates . 2024-05-10 . National Bank of Moldova.
- Web site: Official Interest Rates of BOM . 2024-06-02 . Mongolbank.
- News: 2024-06-25 . Morocco central bank cuts key interest rate as inflation drops . The North Africa Post.
- Web site: 2024-07-31 . MIMO POLICY RATE REDUCED TO 14.25% . Banco de Moçambique.
- Web site: 2023-06-14 . Repo rate increases from 7.25 to 7.75 percent . .
- Web site: 2023-05-24 . Official Cash Rate (OCR) set to remain restrictive . Reserve Bank of New Zealand.
- Web site: BCN establece TRM en 7.0 por ciento . 2023-02-04 . . es.
- Web site: 2024-07-23 . MONETARY POLICY RATE HIKED TO 26.75 PERCENT . Central Bank of Nigeria.
- News: Petrushevska . Dragana . 2023-08-20 . N. Macedonia's c-bank raises policy rate to 6.30% . seenews.com .
- Web site: 2023-12-14 . Policy rate raised to 4.5 percent . Norges Bank.
- Web site: 2024-07-29 . Monetary Policy Statement . State Bank of Pakistan.
- Web site: September 2023 . KINA FACILITY RATE FOR SEPTEMBER 2023 . 2023-09-15 . Bank of Papua New Guinea.
- News: Parks . Ken . 2024-03-21 . Paraguay Cuts Key Rate by 25 Points, Signals More Easing Ahead . BNN Bloomberg.
- Web site: 2024-08-08 . MONETARY POLICY STATEMENT AUGUST 2024 BCRP REDUCED THE REFERENCE RATE TO 5.50% . Central Reserve Bank of Peru.
- Web site: BSP rates . 2023-12-16 . Bangko Sentral ng Pilipinas.
- News: 2023-10-04 . Poland's central bank cuts interest rates for the second time in month . .
- News: Swilam . Alaa . Mohamed . Yomna . 2023-07-26 . Gulf central banks raise key interest rates by 25 basis points, mirroring Fed . 2024-03-24 . Reuters.
- Web site: Monetary Policy and Standing Facilities Interest Rates . 2024-08-08 . Banca Naţională a României.
- Web site: 2024-07-26 . Bank of Russia increases the key rate by 200 bp to 18.00% p.a. . Central Bank of Russia.
- News: Girinema . Philbert . 2024-05-30 . Why Rwanda’s central bank lowered benchmark rate . 2024-06-02 . The New Times (Rwanda).
- Web site: Welcome to the Central Bank of Samoa - Key statistics . 2023-09-23 . Central Bank of Samoa.
- Web site: 2024-07-11 . Key policy rate cut to 6% . National Bank of Serbia.
- Web site: Seychelles central bank cuts policy rate by 100 basis points. centralbanking. 5 July 2021 .
- Web site: Monetary Policy Statement . 2023-08-05 . Bank of Sierra Leone.
- Web site: Monetary policy stance tightened further: CBCS raises pledging rate to 5,50 . 2023-03-19 . Centrale Bank van Curaçao en Sint Maarten.
- Current Market Rates . 2023-05-26 . South African Reserve Bank.
- Web site: 2023-01-13 . Monetary Policy Decision & Opening Remarks to the Press Conference (January 13, 2023) . 2023-02-02 . Bank of Korea.
- Web site: 2023-03-23 . BoSS' Press Conference on Macroeconomic Developments . 2023-10-28 . Bank of South Sudan.
- Web site: 2024-07-24 . The Central Bank of Sri Lanka Further Reduces Policy Interest Rates . Central Bank of Sri Lanka.
- Web site: INTEREST RATES . 2024-03-25 . Central Bank of Suriname.
- Web site: Policy rate, deposit and lending rate . 2024-05-10 . Sveriges Riksbank.
- Web site: Current interest rates and exchange rates . 2024-06-29 . .
- Web site: Discount Rate . 2024-03-22 . Central Bank of the Republic of China (Taiwan).
- Web site: Monetary policy rates (% per annum) . 2024-05-04 . National Bank of Tajikistan.
- Web site: 2023-09-27 . Monetary Policy Committee's Decision 5/2023 . Bank of Thailand.
- Web site: 2020-03-17 . CENTRAL BANK REDUCES REPO RATE BY 150 BASIS POINTS; LOWERS RESERVE REQUIREMENT BY 3 PER CENT . 2023-08-06 . Central Bank of Trinidad and Tobago.
- Web site: 2022-12-30 . Press Release of the BCT Executive Board Meeting Held On 30 December 2022 . Banque Centrale de Tunisie.
- Web site: 2024-03-21 . Press Release on Interest Rates (2024-14) . . en.
- Web site: 2024-08-07 . Monetary Policy Statement for August 2024 . Bank of Uganda.
- Web site: NBU Key Policy Rate . 2024-06-14 . National Bank of Ukraine.
- Web site: Interest rates and Bank Rate . 2024-08-01 . Bank of England.
- Web site: 2023-07-26 . Federal Reserve issues FOMC statement . Federal Reserve.
- News: Parks . Ken . 2023-12-29 . Uruguay's Central Bank Cuts Key Rate to 9% on Tame Inflation . BNN Bloomberg.
- Web site: Policy rate levels . 2024-08-08 . Central Bank of the Republic of Uzbekistan.
- Web site: 2023-06-16 . SBV adjusts key interest rates . 2024-03-07 . State Bank of Vietnam.
- Web site: 2023-03-01 . Communiqué de presse de la réunion ordinaire du Comité de Politique Monétaire de la BCEAO du 6 septembre 2023 . 2023-09-06 . . fr.
- Web site: 2024-05-15 . Monetary Policy Committee Statement . 2024-06-03 . Bank of Zambia.
- News: 2023-02-02 . Zimbabwe cuts policy rate to 150% as inflation falls . .