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 |
| 2.75 | 0.25 | [4] | 1.78 | 0.97 |
| 3.00 | 0.25 | [5] | 4.14 | -1.14 |
| 18.00 | 1.00 | [6] | 22.64 | -4.64 |
| 35.00 | 5.00 | [7] | 40.85 | -5.85 |
| 7.25 | 0.25 | [8] | 2.62 | 4.63 |
| 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 |
| 5.25 | 0.25 | [12] | 0.63 | 4.62 |
| 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 |
| 3.08 | 0.06 | [16] | 1.83 | 1.25 |
| 1.90 | 0.25 | [17] | 3.40 | -1.50 |
| 11.25 | 0.50 | [18] | 4.35 | 6.90 |
| 3.43 | 0.11 | [19] | 1.92 | 1.51 |
| 3.75 | 0.50 | [20] | 1.94 | 2.81 |
| 1.50 | 0.25 | [21] | 1.05 | 0.45 |
| 5.00 | 0.50 | [22] | | |
| 5.25 | 0.25 | [23] | 2.80 | 2.45 |
| 3.10 | 0.25 | [24] | 2.00 | 1.10 |
| 9.75 | 0.50 | [25] | 3.36 | 6.39 |
| 4.00 | 0.25 | [26] | 1.60 | 2.40 |
| 25.00 | 14.00 | [27] | 18.09 | 6.91 |
| 4.75 | 0.50 | [28] | | |
| 4.00 | 0.25 | [29] | 2.67 | 1.33 |
| 2.85 | 0.25 | [30] | 0.85 | 2.00 |
| 6.00 | 0.25 | [31] | 4.05 | 1.95 |
| 3.00 | 1.00 | [32] | | |
| 27.25 | 6.00 | [33] | 13.69 | 13.56 |
| 7.25 | 0.25 | [34] | 4.36 | 2.89 |
| 3.25 | 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 |
| 27.00 | 2.00 | [39] | 9.70 | 17.30 |
| 4.75 | 0.25 | [40] | 3.97 | 0.78 |
| 4.00 | 1.00 | [41] | 4.14 | -0.14 |
| 5.00 | 0.25 | [42] | 1.79 | 3.21 |
| 6.50 | 0.25 | [43] | 3.30 | 3.20 |
| 8.50 | 0.50 | [44] | 2.91 | 5.59 |
| 6.50 | 0.25 | [45] | 4.70 | 1.80 |
| 6.00 | 0.25 | [46] | 2.70 | 3.30 |
| 23.00 | 0.60 | [47] | 30.05 | -7.05 |
| 4.50 | 0.25 | [48] | 0.55 | 3.95 |
| 6.25 | 0.25 | [49] | 4.57 | 1.68 |
| 0.25 | 0.15 | [50] | 0.35 | -0.10 |
| 6.75 | 0.25 | [51] | 2.16 | 4.59 |
| 15.25 | 1.00 | [52] | 6.61 | 8.64 |
| 12.00 | 0.75 | [53] | 5.81 | 6.19 |
| 4.00 | 0.25 | [54] | 1.69 | 2.31 |
| 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 |
| 5.00 | 0.25 | [58] | | |
| 26.00 | 2.00 | [59] | 9.65 | 16.35 |
| 3.00 | 0.25 | [60] | 1.36 | 1.64 |
| 4.00 | 0.50 | [61] | 3.01 | 0.99 |
| 10.25 | 0.25 | [62] | 4.67 | 5.58 |
| 3.60 | 0.15 | [63] | 4.34 | -0.74 |
| 10.00 | 1.00 | [64] | 5.50 | 4.50 |
| 2.75 | 0.25 | [65] | 0.92 | 1.83 |
| 12.75 | 0.75 | [66] | 6.22 | 6.53 |
| 7.25 | 0.25 | [67] | 4.08 | 3.17 |
| 4.25 | 0.50 | [68] | 1.95 | 2.30 |
| 7.00 | 0.50 | [69] | 4.40 | 2.60 |
| 27.50 | 0.25 | [70] | 14.03 | 13.47 |
| 5.80 | 0.25 | [71] | 1.58 | 4.22 |
| 4.50 | 0.25 | [72] | 2.14 | 2.36 |
| 5.25 | 0.25 | [73] | 0.94 | 4.31 |
| 15.00 | 2.50 | [74] | 6.89 | 8.11 |
| 4.00 | 1.00 | [75] | 4.46 | -0.46 |
| 6.00 | 0.25 | [76] | 3.12 | 2.88 |
| 5.00 | 0.25 | [77] | 2.25 | 3.00 |
| 6.00 | 0.25 | [78] | 3.50 | 2.50 |
| 5.75 | 0.25 | [79] | 2.74 | 3.01 |
| 5.15 | 0.30 | [80] | -0.04 | 5.19 |
| 6.50 | 0.25 | [81] | 3.35 | 3.15 |
| 21.00 | 2.00 | [82] | 4.07 | 16.93 |
| 6.50 | 0.50 | [83] | 3.75 | 2.75 |
| 0.37 | 0.09 | [84] | 1.13 | -0.93 |
| 5.25 | 0.25 | [85] | 1.24 | 4.01 |
| 5.75 | 0.25 | [86] | 2.31 | 3.44 |
| 1.75 | 0.25 | [87] | 3.91 | -2.16 |
| 24.75 | 0.50 | [88] | 14.77 | 9.98 |
| 5.25 | 0.25 | [89] | | |
| 7.75 | 0.25 | [90] | 4.34 | 3.41 |
| 3.00 | 0.25 | [91] | 1.31 | 1.69 |
| 15.00 | 3.00 | [92] | 73.91 | -58.91 |
| 8.00 | 0.25 | [93] | 4.97 | 3.03 |
| | | | 100.90 | |
| 10.00 | 1.00 | [94] | 24.53 | -14.53 |
| 2.75 | 0.50 | [95] | 1.66 | 1.09 |
| 1.00 | 0.25 | [96] | 0.31 | 0.69 |
| 2.00 | 0.125 | [97] | 0.91 | 1.09 |
| 9.00 | 0.25 | [98] | 7.10 | 1.90 |
| 2.25 | 0.25 | [99] | 0.49 | 1.76 |
| 3.50 | 1.50 | [100] | 1.11 | 2.39 |
| 8.00 | 0.75 | [101] | 6.14 | 1.86 |
| 50.00 | 5.00 | [102] | 14.38 | 35.62 |
| 9.75 | 0.25 | [103] | 3.11 | 6.64 |
| 13.00 | 0.50 | [104] | 9.11 | 3.89 |
| 4.65 | 0.25 | [105] | 0.61 | 4.04 |
| 4.75 | 0.25 | [106] | 2.00 | 2.75 |
| 4.75 | 0.25 | [107] | 2.46 | 2.29 |
| 8.50 | 0.50 | [108] | 7.80 | 0.70 |
| 13.50 | 0.50 | [109] | 13.95 | -0.45 |
| 4.50 | 0.50 | [110] | 3.02 | 1.48 |
| West African States | 3.50 | 0.25 | [111] | | |
| 14.00 | 0.50 | [112] | 12.25 | 1.75 |
| 35.00 | 15.00 | [113] | 183.31 | -148.31 |
|
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 . 2024-11-06 . 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.
- Web site: Otaola . Jorge . 2024-11-01 . Argentina cuts interest rate to 35% as inflation outlook eases . 2024-11-03 . Reuters.
- Web site: MP Instruments Interest Rates . 2024-11-03 . 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.
- Web site: 2024-11-07 . CBB Cuts Overnight Interest Rate by 25 basis points . Central Bank of Bahrain.
- 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.
- Web site: 2024-10-01 . INFORMACIÓN SOBRE EL INTERÉS QUE SE PAGA POR UN PRÉSTAMO . 2024-10-23 . . es.
- Web site: 2024-08-22 . Monetary Policy Committee Decision - 22 August 2024 . Bank of Botswana.
- Web site: 2024-11-06 . Copom increases the Selic rate to 11.25% p.a. . .
- Web site: 2024-09-30 . Press Release . Bulgarian National Bank.
- Web site: Policy interest rate . 2024-10-23 . . en-US.
- Web site: Interest rates . 2024-11-03 . . pt.
- Web site: 2023-03-27 . COMITE DE POLITIQUE MONETAIRE Séance du 27 mars 2023 COMMUNIQUE DE PRESSE . 2023-04-27 . . fr.
- Web site: 2024-10-17 . At today’s Monetary Policy Meeting, the Board of the Central Bank of Chile decided to lower the monetary policy interest rate by 25 basis points, to 5.25%. The decision was adopted by the unanimous vote of its members . Central Bank of Chile.
- News: Shen . Samuel . Ranganathan . Vidya . 2024-10-20 . China cuts key lending rates to support growth . Reuters.
- Web site: Medina . Oscar . 2024-10-31 . Colombia Cuts Key Rate to 9.75% as Fiscal Risks Spook Market . 2024-11-03 . .
- Web site: 2024-10-17 . Junta Directiva del BCCR reduce la Tasa de Política Monetaria en 25 puntos base y la ubica en 4,00% anual . The Board of Directors of the BCCR reduces the Monetary Policy Rate by 25 basis points, setting it at 4.00% annually . . es.
- Web site: Taux Directeur (Prêt à Court Terme) . 2024-03-24 . . fr.
- Web site: 2024-11-28 . PB2024-044 CBCS reduces both reserve requirement and pledging rate . Centrale Bank van Curaçao en Sint Maarten.
- Web site: Bank Board decisions . 2024-11-07 . Czech National Bank.
- Web site: Official interest rates . 2024-10-18 . Danmarks Nationalbank.
- Web site: 2024-11-28 . BCRD reduce su tasa de política monetaria en 25 puntos básicos, disminuyendo de 6.25 % a 6.00 % anual . CBDR reduces its monetary policy rate by 25 basis points, decreasing from 6.25% to 6.00% 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: 2024-09-20 . Monetary Policy Statement . 2023-10-23 . Central Bank of Eswatini.
- Web site: Key ECB interest rates . 2024-10-17 . 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 . 2024-09-28 . Bank of Ghana.
- Web site: 2024-09-25 . LA JUNTA MONETARIA REDUCE EN 25 PUNTOS BÁSICOS LA TASA DE INTERÉS LÍDER DE POLÍTICA MONETARIA . The Monetary Board reduces its key policy interest rate by 25 basis points . 2024-10-18 . . es.
- Web site: Tasa de Política Monetaria . Monetary Policy Interest Rate . 2024-10-18 . . es.
- Web site: 2024-11-08 . Adjustment of Base Rate . Hong Kong Monetary Authority.
- Web site: Butler . Eleanor . 2024-06-18 . Hungary cuts key interest rate, buoyed by US Fed Reserve decision . 2024-09-28 . Euronews.
- Web site: 2024-11-20 . Statement of the Monetary Policy Committee 20 November 2024 . 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 . 2024-09-18 . 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 . 2024-11-22 . 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: 2024-09-19 . Monetary Policy Interest Rates . 2024-11-20 . Central Bank of Jordan.
- Web site: 2015 – 2024 Decision Making Schedule . 2024-12-01 . National Bank of Kazakhstan.
- Web site: Central Bank Rate . 2024-10-14 . Central Bank of Kenya.
- Web site: Derhally . Massoud A . 2024-09-18 . CBK Cuts Discount Rate by 25 Basis Points to 4.00% . 2024-09-28 . Central Bank of Kuwait.
- 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.
- Web site: Un . Aries . 2024-11-08 . Base rate revised downward by 0.25 pct to 5 pct . macaubusiness.com.
- 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 . 2024-09-28 . Bank of Mauritius.
- Web site: 2024-11-14 . Monetary Policy Statement . 2024-11-19 . Banco de México.
- Web site: NBM Interest rates . 2024-05-10 . National Bank of Moldova.
- Web site: Official Interest Rates of BOM . 2024-10-18 . Mongolbank.
- News: 2024-06-25 . Morocco central bank cuts key interest rate as inflation drops . The North Africa Post.
- Web site: 2024-11-27 . MIMO RATE REDUCED TO 12.75 % . Banco de Moçambique.
- Web site: 2024-10-16 . Repo rate reduces from 7.50 percent to 7.25 percent . Bank of Namibia.
- Web site: 2024-11-27 . OCR 4.25% - OCR lowered further as inflation returns to target . Reserve Bank of New Zealand.
- Web site: BCN establece TRM en 7.0 por ciento . 2023-02-04 . . es.
- Web site: Bala-Gbogbo . Elisha . Ohuocha . Chijioke . 2024-11-26 . Nigeria central bank hikes policy rate again after inflation uptick . Reuters.
- Web site: 2024-10-24 . Regular meeting of the Monetary Policy Executive Board . National Bank of the Republic of North Macedonia.
- Web site: 2023-12-14 . Policy rate raised to 4.5 percent . Norges Bank.
- Web site: 2024-11-08 . Repo Rate for Local Banks deceases by 25 Basis Points . Central Bank of Oman.
- Web site: 2024-11-04 . Monetary Policy Statement . State Bank of Pakistan.
- Web site: Kina Facility Rates . 2024-10-05 . 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: 2024-11-07 . Peru Cuts Key Rate to 5% With Core Inflation in Retreat . Financial Post.
- Web site: BSP rates . 2024-10-18 . Bangko Sentral ng Pilipinas.
- News: 2023-10-04 . Poland's central bank cuts interest rates for the second time in month . .
- Web site: 2024-11-07 . Monetary Policy Committee Resolution on Monetary Policy Instruments - November 2024 . Qatar Central Bank.
- Web site: Monetary Policy and Standing Facilities Interest Rates . 2024-08-08 . Banca Naţională a României.
- Web site: 2024-10-25 . Russian central bank hikes benchmark rate to 21%, highest since 2003 . Reuters.
- Web site: 2024-08-21 . Press Release - The National Bank of Rwanda reduces its Central Bank Rate to 6.5 percent . National Bank of Rwanda.
- Web site: Welcome to the Central Bank of Samoa - Key statistics . 2024-10-27 . Central Bank of Samoa.
- Web site: Repo Rate . 2024-11-07 . Saudi Central Bank.
- Web site: 2024-09-12 . Key policy rate cut to 5.75% . National Bank of Serbia.
- Web site: 2024-03-26 . Monetary Policy Rate is lowered to 1.75% for Q2 2024 . 2024-10-05 . Central Bank of Seychelles.
- Web site: Monetary Policy Statement . 2024-10-05 . Bank of Sierra Leone.
- Web site: CBCS reduces the pledging rate . 2024-10-05 . Centrale Bank van Curaçao en Sint Maarten.
- Web site: Current Market Rates . 2024-11-22 . South African Reserve Bank.
- Web site: The Bank of Korea Base Rate . 2024-11-29 . Bank of Korea.
- Web site: 2023-03-23 . BoSS' Press Conference on Macroeconomic Developments . 2023-10-28 . Bank of South Sudan.
- Web site: 2024-11-27 . The Central Bank of Sri Lanka introduces the Overnight Policy Rate and further eases its monetary policy stance . Central Bank of Sri Lanka.
- Web site: INTEREST RATES . 2024-03-25 . Central Bank of Suriname.
- Web site: Policy rate, deposit and lending rate . 2024-11-07 . Sveriges Riksbank.
- Web site: Current interest rates and exchange rates . 2024-09-28 . .
- Web site: Discount Rate . 2024-03-22 . Central Bank of the Republic of China (Taiwan).
- Web site: Monetary policy rates (% per annum) . 2024-11-03 . National Bank of Tajikistan.
- Web site: 2024-10-16 . Monetary Policy Committee’s Decision 5/2024 . 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: 2024-10-07 . Monetary Policy Statement for October 2024 . 2024-10-14 . Bank of Uganda.
- Web site: NBU Key Policy Rate . 2024-06-14 . National Bank of Ukraine.
- Web site: 2024-11-07 . CBUAE Lowers the Base Rate by 25 Basis Points . Central Bank of the United Arab Emirates.
- Web site: 2024-11-07 . Monetary Policy Report - November 2024 . Bank of England.
- Web site: 2024-11-07 . Implementation Note issued November 7, 2024 . Federal Reserve.
- Web site: 2024-04-10 . Statement of the Monetary Policy Committee: The Central Bank of Uruguay reduced the interest rate by 50 basis point to 8.5% . 2024-09-04 . Central Bank of Uruguay.
- 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: 2024-11-13 . Monetary Policy Committee Statement . Bank of Zambia.
- News: 2023-02-02 . Zimbabwe cuts policy rate to 150% as inflation falls . .
