List of sovereign states by central bank interest rates

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 edit

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)
  Afghanistan 6.00   3.00 24 July 2021[3] 3.38 2.62
  Albania 3.25   0.25 1 November 2023[4] 1.78 1.47
  Algeria 3.00   0.25 29 April 2020[5] 4.14 -1.14
  Angola 18.00   1.00 21 November 2023[6] 22.64 -4.64
  Argentina 70.00   10.00 11 April 2024[7] 40.85 39.15
  Armenia 8.50   0.25 12 March 2024[8] 2.62 5.88
  Australia 4.35   0.25 8 November 2023[9] 1.78 2.57
  Azerbaijan 7.50   0.25 28 March 2024[10] 5.02 2.48
  Bahamas 4.00   0.50 22 December 2016 [11] 1.86 2.14
  Bahrain 6.25   0.25 26 July 2023[12] 0.63 5.62
  Bangladesh 6.50   0.50 1 July 2023[13] 5.58 0.92
  Barbados 2.00   5.00 1 April 2020[14] 3.51 -1.51
  Belarus 9.75   0.25 31 May 2023 [15] 6.25 3.50
  Bolivia 2.77   0.33 1 July 2023[16] 1.83 0.94
  Botswana 2.40   0.25 7 December 2023[17] 3.40 -1.00
  Brazil 10.75   0.50 20 March 2024[18] 4.35 6.40
  Bulgaria 3.80   0.16 1 December 2023[19] 1.92 1.88
  Canada 5.00   0.25 12 July 2023[20] 1.94 3.06
  Cape Verde 1.25   0.25 31 October 2023[21] 1.05 0.20
Central African States 5.00   0.50 27 March 2023[22]
  Chile 7.25   1.00 31 January 2024[23] 2.80 4.45
  China 3.45   0.10 21 August 2023[24] 2.00 1.45
  Colombia 12.25   1.00 22 March 2024[25] 3.36 8.89
  Costa Rica 5.25   0.50 22 March 2024[26] 1.60 3.65
  DR Congo 25.00   14.00 8 August 2023[27] 18.09 6.91
  Curacao 5.50   0.75 10 March 2023[28]
  Czech Republic 5.75   0.50 21 March 2024[29] 2.67 3.08
  Denmark 3.60   0.25 15 September 2023[30] 0.85 2.75
  Dominican Republic 7.00   0.25 30 November 2023[31] 4.05 2.95
Eastern Caribbean 3.00   1.00 28 January 2024[32]
  Egypt 27.25   6.00 6 March 2024[33] 13.69 13.56
  Eswatini 7.50   0.25 21 July 2023[34] 4.36 3.14
  Eurozone 4.50   0.25 20 September 2023[35]
  Fiji 0.25   0.25 18 March 2020[36] 1.54 -1.29
  Gambia 17.00   1.00 29 August 2023[37] 6.93 10.07
  Georgia 8.25   0.75 15 March 2024[38] 5.59 2.66
  Ghana 29.00   1.00 29 January 2024[39] 9.70 19.30
  Guatemala 5.00   0.25 26 April 2023[40] 3.97 1.03
  Honduras 3.00   0.75 27 November 2020[41] 4.14 -1.14
  Hong Kong 5.75   0.25 27 July 2023[42] 1.79 3.96
  Hungary 8.25   0.75 27 March 2024[43] 3.30 4.95
  Iceland 9.25   0.50 23 August 2023[44] 2.91 6.34
  India 6.50   0.25 8 February 2023[45] 4.70 1.80
  Indonesia 6.00   0.25 19 October 2023[46] 2.70 3.30
  Iran 23.00 31 January 2023[47] 30.05 -7.05
  Israel 4.50   0.25 1 January 2024[48] 0.55 3.95
  Jamaica 7.00   0.50 18 November 2022[49] 4.57 2.43
  Japan 0.10   0.20 21 March 2024[50] 0.35 -0.25
  Jordan 7.50   0.50 30 July 2023[51] 2.16 5.34
  Kazakhstan 14.75   0.50 23 February 2024[52] 6.61 8.14
  Kenya 13.00   0.50 6 February 2024[53] 5.81 7.19
  Kuwait 4.25   0.25 26 July 2023[54] 1.69 2.56
  Kyrgyzstan 13.00   1.00 29 November 2022[55] 5.03 7.97
  Lebanon 20.00   10.00 April 2023[56] 39.55 -19.55
  Lesotho 7.75   0.25 29 May 2023[57] 5.04 2.71
  Malawi 26.00   2.00 1 February 2024[58] 9.65 16.35
  Malaysia 3.00   0.25 3 May 2023[59] 1.36 1.64
  Mauritius 4.50   0.50 14 December 2022[60] 3.01 1.49
  Mexico 11.00   0.25 22 March 2024[61] 4.67 6.33
  Moldova 3.75   0.50 21 March 2024[62] 4.34 -0.59
  Mongolia 12.00   1.00 16 December 2022[63] 5.50 6.50
  Morocco 3.00   0.50 23 March 2023 [64] 0.92 2.08
  Mozambique 15.75   0.75 27 March 2024[65] 6.22 9.53
  Namibia 7.75   0.50 14 June 2023[66] 4.08 3.67
  New Zealand 5.50   0.25 24 May 2023[67] 1.95 3.55
  Nicaragua 7.00   0.50 15 December 2022[68] 4.40 2.60
  Nigeria 24.75   2.00 27 February 2024[69] 14.03 10.72
  North Macedonia 6.30   0.15 20 August 2023[70] 1.58 4.72
  Norway 4.50   0.25 15 December 2023[71] 2.14 2.36
  Oman 6.00   0.25 July 26, 2023[12] 0.94 5.06
  Pakistan 22.00   1.00 27 June 2023[72] 6.89 15.11
  Papua New Guinea 3.00   0.50 September 2023[73] 4.46 -1.46
  Paraguay 6.00   0.25 21 March 2024[74] 3.12 2.88
  Peru 6.25   0.25 8 February 2024[75] 2.25 4.00
  Philippines 6.50   0.25 27 October 2023 [76] 3.50 3.00
  Poland 5.75   0.25 5 October 2023[77] 2.74 3.01
  Qatar 6.00   0.25 26 July 2023[78] -0.04 6.04
  Romania 7.00   0.25 11 January 2023[79] 3.35 3.65
  Russia 16.00   1.00 15 December 2023[80] 4.07 11.93
  Rwanda 7.50   0.50 17 August 2023[81] 3.75 3.75
  Samoa 0.20   0.02 18 August 2023[82] 1.13 -0.93
  Saudi Arabia 6.00   0.25 26 July 2023[12] 1.24 4.76
  Serbia 6.50   0.25 8 June 2023[83] 2.31 4.19
  Seychelles 2.00   1.00 5 July 2021[84] 3.91 -1.91
  Sierra Leone 19.25   0.50 10 July 2023[85] 14.77 4.48
  Sint Maarten 5.50   0.75 10 March 2023[86]
  South Africa 8.25   0.50 26 May 2023[87] 4.34 3.91
  South Korea 3.50   0.25 13 January 2023[88] 1.31 2.19
  South Sudan 15.00   3.00 22 March 2023[89] 73.91 -58.91
  Sri Lanka 8.50   0.50 26 March 2024[90] 4.97 3.53
  Sudan 100.90
  Suriname 10.00   1.00 September 18, 2013[91] 24.53 -14.53
  Sweden 4.00   0.25 27 September 2023[92] 1.66 2.34
   Switzerland 1.50   0.25 22 March 2024[93] 0.31 1.19
  Taiwan 1.875   0.125 24 March 2023[94] 0.91 0.965
  Tajikistan 9.50   0.50 12 February 2024[95] 7.10 2.40
  Thailand 2.50   0.25 27 September 2023[96] 0.49 2.01
  Trinidad and Tobago 3.50   1.50 17 March 2020[97] 1.11 2.39
  Tunisia 8.00   0.75 2 January 2023[98] 6.14 1.86
  Turkey 50.00   5.00 21 March 2024[99] 14.38 35.62
  Uganda 10.00   0.50 6 March 2024[100] 3.11 6.89
  Ukraine 14.50   0.50 15 March 2024 [101] 9.11 5.39
  UAE 5.40   0.25 26 July 2023[12] 0.61 4.79
  United Kingdom 5.25   0.25 3 August 2023[102] 2.00 3.25
  United States 5.50   0.50 26 July 2023[103] 2.46 3.04
  Uruguay 9.00   0.25 29 December 2023[104] 7.80 1.20
  Uzbekistan 14.00   1.00 17 March 2023[105] 13.95 0.05
  Vietnam 4.50   0.50 16 June 2023[106] 3.02 1.48
West African States 3.50   0.25 16 December 2023[107]
  Zambia 14.75   0.50 26 February 2024[108] 12.25 2.50
  Zimbabwe 150.00   50.00 2 February 2023[109] 183.31 -33.31

References edit

  1. ^ "Inflation, consumer prices (annual %) | Data". data.worldbank.org. Retrieved 7 December 2019.
  2. ^ "Report for Selected Countries and Subjects". www.imf.org. Retrieved 7 December 2019.
  3. ^ "The Monetary Policy Committee (MPC) Meeting" (PDF). Da Afghanistan Bank. 24 July 2021. Retrieved 30 July 2023.
  4. ^ "Latest monetary policy decision and calendar". Bank of Albania. Retrieved 11 November 2023.
  5. ^ "TENDANCES MONETAIRES ET FINANCIERES - Premier Semestre 2022" (PDF). Bank of Algeria (in French). p. 29. Retrieved 14 March 2023.
  6. ^ "Angola central bank hikes rates as inflation continues to climb". Reuters. 21 November 2023. Retrieved 26 November 2023.
  7. ^ Otaola, Jorge (11 March 2024). "Argentina Cuts Interest Rate to 70% as Financial Markets See Inflation Easing Further". BNN Bloomberg.
  8. ^ "MP Instruments Interest Rates". Central Bank of Armenia. Retrieved 19 March 2024.
  9. ^ "Cash Rate Target". Reserve Bank of Australia. Retrieved 11 November 2023.
  10. ^ "Press Releases - On parameters of the interest rate corridor". Central Bank of Azerbaijan. 28 March 2024.
  11. ^ "Money & Credit Aggregates". Central Bank of The Bahamas. Retrieved 3 February 2023.
  12. ^ a b c d Derhally, Massoud A (26 July 2023). "Gulf central banks raise interest rates as Fed benchmark hits 22-year high". The National News.
  13. ^ "Bangladesh Bank ends rate cap, hikes policy rate by 50 basis points". The Business Standard. 18 June 2023.
  14. ^ "Central Bank of Barbados Announces Monetary Policy Measures". Central Bank of Barbados. 30 March 2020. Retrieved 4 February 2023.
  15. ^ "Belarus' central bank to cut down refinancing rate to 9.75% on 31 May". belarus.by. 22 May 2023.
  16. ^ "LA TASA DE REFERENCIA (TRE) EN MONEDA NACIONAL DISMINUYE A 2,77% PARA EL MES DE JULIO". Banco Central de Bolivia (in Spanish). Retrieved 1 August 2023.
  17. ^ "Monetary Policy Committee Decision - December 7, 2023". Bank of Botswana. 7 December 2023.
  18. ^ "Copom reduces the Selic rate to 10.75% p.a." Banco Central do Brasil. 20 March 2023.
  19. ^ "Press Release". Bulgarian National Bank. 30 November 2023.
  20. ^ "Policy interest rate". Bank of Canada.
  21. ^ "Comunicado do Banco de Cabo Verde sobre a orientação da Política Monetária 31 de outubro de 2023" (PDF). Banco de Cabo Verde (in Portuguese). 31 October 2023. Retrieved 30 March 2024.
  22. ^ "COMITE DE POLITIQUE MONETAIRE Séance du 27 mars 2023 COMMUNIQUE DE PRESSE" (PDF). Bank of Central African States (in French). 27 March 2023. Retrieved 27 April 2023.
  23. ^ Malinowski, Matthew (31 January 2024). "Chile Central Bank Slashes Interest Rate by Full Percentage Point as Inflation Withers". BNN Bloomberg. Retrieved 24 March 2024.
  24. ^ Hoskins, Peter (21 August 2023). "China cuts key interest rate as recovery falters". BBC News.
  25. ^ "The Board of Directors of Banco de la República decided by majority vote to cut the benchmark policy interest rate by 50 basis points to 12.25%". Banco de la República. 22 March 2024.
  26. ^ "Tasa de política monetaria". Banco Central de Costa Rica. Retrieved 24 March 2024.
  27. ^ "Taux Directeur (Prêt à Court Terme)". Banque Centrale du Congo (in French). Retrieved 24 March 2024.
  28. ^ "Monetary policy stance tightened further: CBCS raises pledging rate to 5,50" (PDF). Centrale Bank van Curaçao en Sint Maarten. Retrieved 19 March 2023.
  29. ^ "Bank Board decisions". Czech National Bank. Retrieved 24 March 2024.
  30. ^ "Official interest rates". Danmarks Nationalbank. Retrieved 18 September 2023.
  31. ^ "CBDR reduces its monetary policy rate by 25 basis points, from 7.25 % to 7.00 % per annum". Banco Central República Dominicana (in Spanish). 30 November 2023.
  32. ^ "Positive economic growth outlook for ECCU member states". loopnews.com. 19 February 2024. Retrieved 7 March 2024.
  33. ^ "Special Monetary Policy Committee Meeting" (PDF). Central Bank of Egypt. 6 March 2024.
  34. ^ "Monetary Policy Statement – July 2023". Central Bank of Eswatini. 21 July 2023.
  35. ^ "Key ECB interest rates". European Central Bank. Retrieved 15 September 2023.
  36. ^ "Press Release No 07 – RBF Reduces Overnight Policy Rate". Reserve Bank of Fiji. 18 March 2020. Retrieved 4 February 2023.
  37. ^ "Monetary Policy Rate". Central Bank of The Gambia. Retrieved 2 September 2023.
  38. ^ "Monetary Policy Rate". National Bank of Georgia. Retrieved 19 March 2024.
  39. ^ "Policy Rate Trends". Bank of Ghana. Retrieved 4 February 2024.
  40. ^ "LA JUNTA MONETARIA AUMENTA LA TASA DE INTERÉS LÍDER DE POLÍTICA MONETARIA DE 4.75% A 5.00%" (PDF). Banco de Guatemala (in Spanish). 26 April 2023. Retrieved 2 August 2023.
  41. ^ "EL BANCO CENTRAL DE HONDURAS MANTIENE LA TASA DE POLÍTICA MONETARIA" (PDF). Banco Central de Honduras (in Spanish). Retrieved 30 October 2021.
  42. ^ "Adjustment of the Base Rate". Hong Kong Monetary Authority. 27 July 2023.
  43. ^ "Press release on the Monetary Council meeting of 26 March 2024". Hungarian National Bank. 27 March 2024.
  44. ^ "Statement of the Monetary Policy Committee 23 August 2023". Central Bank of Iceland. 23 August 2023.
  45. ^ "Monetary Policy Statement, 2022-23 Resolution of the Monetary Policy Committee (MPC) February 6-8, 2023". Reserve Bank of India. 8 February 2023.
  46. ^ "BI 7-day (Reverse) Repo Rate". Bank Indonesia. Retrieved 27 October 2023.
  47. ^ "Iran officially raises interest rate to 23%". ParsToday. 31 January 2023. Retrieved 4 February 2023.
  48. ^ "The Monetary Committee decides on January 1, 2024 to reduce the interest rate by 0.25% to 4.5%". Bank of Israel. 1 January 2024.
  49. ^ "Monetary Policy Decisions & Schedule". Bank of Jamaica. Retrieved 6 February 2023.
  50. ^ "Changes in the Monetary Policy Framework" (PDF). [Bank of Japan]. 19 March 2024.
  51. ^ "Monetary Policy Interest Rates". Central Bank of Jordan. Retrieved 29 July 2023.
  52. ^ "The base rate reduced to 14.75%". National Bank of Kazakhstan. 23 February 2024. Retrieved 7 March 2024.
  53. ^ "PRESS RELEASE MONETARY POLICY COMMITTEE MEETING" (PDF). Central Bank of Kenya. 6 February 2024.
  54. ^ Derhally, Massoud A (26 July 2023). "Gulf central banks raise interest rates as Fed benchmark hits 22-year high". The National News.
  55. ^ "Policy rate of the National Bank of the Kyrgyz Republic". National Bank of the Kyrgyz Republic. Retrieved 6 February 2023.
  56. ^ "REPO RATE". Banque du Liban. 8 May 2023.
  57. ^ "Statement of the monetary policy committee" (PDF). Central Bank of Lesotho. 29 May 2023.
  58. ^ Acharya, Bhargav (5 February 2024). "Malawi central bank raises policy rate by 200 basis points". Reuters.
  59. ^ "Monetary Policy Statement". Bank Negara Malaysia. 3 May 2023.
  60. ^ "Key Rate". Bank of Mauritius. Retrieved 3 February 2023.
  61. ^ "Monetary Policy Statement - Banco de México's Governing Board decided to lower the target for the overnight interbank interest rate by 25 basis points to 11.00%, effective March 22, 2024" (PDF). Banco de México. 21 March 2023.
  62. ^ "NBM Interest rates". National Bank of Moldova. Retrieved 24 March 2024.
  63. ^ "Official Interest Rates of BOM". Mongolbank. 16 March 2024. Retrieved 19 March 2024.
  64. ^ Karam, Souhail; El-Tablawy, Tarek (21 March 2023). "Morocco Hikes Rate to Extend Tightening Cycle to New Record". Bloomberg.
  65. ^ "MIMO POLICY RATE DECREASES TO 15.75%". Banco de Moçambique. 27 March 2024.
  66. ^ "Repo rate increases from 7.25 to 7.75 percent" (PDF). Bank of Namibia. 14 June 2023.
  67. ^ "Official Cash Rate (OCR) set to remain restrictive". Reserve Bank of New Zealand. 24 May 2023.
  68. ^ "BCN establece TRM en 7.0 por ciento". Banco Central de Nicaragua (in Spanish). Retrieved 4 February 2023.
  69. ^ "MONETARY POLICY RATE ADJUSTED BY 200 BASIS POINTS TO 24.75 PER CENT" (PDF). Central Bank of Nigeria. 26 March 2024.
  70. ^ Petrushevska, Dragana (20 August 2023). "N. Macedonia's c-bank raises policy rate to 6.30%". seenews.com.
  71. ^ "Policy rate raised to 4.5 percent". Norges Bank. 14 December 2023.
  72. ^ "Monetary Policy Statement" (PDF). State Bank of Pakistan. 26 June 2023.
  73. ^ "KINA FACILITY RATE FOR SEPTEMBER 2023" (PDF). Bank of Papua New Guinea. September 2023. Retrieved 15 September 2023.
  74. ^ Parks, Ken (21 March 2024). "Paraguay Cuts Key Rate by 25 Points, Signals More Easing Ahead". BNN Bloomberg.
  75. ^ "MONETARY POLICY STATEMENT FEBRUARY 2024 BCRP REDUCED THE REFERENCE RATE TO 6.25%" (PDF). Central Reserve Bank of Peru. 8 February 2024.
  76. ^ "BSP rates". Bangko Sentral ng Pilipinas. Retrieved 16 December 2023.
  77. ^ "Poland's central bank cuts interest rates for the second time in month". Associated Press. 4 October 2023.
  78. ^ Swilam, Alaa; Mohamed, Yomna (26 July 2023). "Gulf central banks raise key interest rates by 25 basis points, mirroring Fed". Reuters. Retrieved 24 March 2024.
  79. ^ "Monetary Policy and Standing Facilities Interest Rates". Banca Naţională a României. Retrieved 6 February 2023.
  80. ^ "Bank of Russia increases key rate by 100 bp to 16.00% p.a." Central Bank of Russia. 15 December 2023.
  81. ^ "Rwanda raises interest rate to keep inflation on downward path". Reuters. 17 August 2023.
  82. ^ "Welcome to the Central Bank of Samoa - Key statistics". Central Bank of Samoa. Retrieved 23 September 2023.
  83. ^ "Key policy rate raised to 6.5%". National Bank of Serbia. 13 July 2023.
  84. ^ "Seychelles central bank cuts policy rate by 100 basis points". centralbanking. 5 July 2021.
  85. ^ "Monetary Policy Statement" (PDF). Bank of Sierra Leone. Retrieved 5 August 2023.
  86. ^ "Monetary policy stance tightened further: CBCS raises pledging rate to 5,50" (PDF). Centrale Bank van Curaçao en Sint Maarten. Retrieved 19 March 2023.
  87. ^ "Current Market Rates". South African Reserve Bank. Retrieved 26 May 2023.
  88. ^ "Monetary Policy Decision & Opening Remarks to the Press Conference (January 13, 2023)". Bank of Korea. 13 January 2023. Retrieved 2 February 2023.
  89. ^ "BoSS' Press Conference on Macroeconomic Developments". Bank of South Sudan. 23 March 2023. Retrieved 28 October 2023.
  90. ^ "The Central Bank of Sri Lanka Further Reduces Policy Interest Rates". Central Bank of Sri Lanka. 26 March 2024.
  91. ^ "INTEREST RATES". Central Bank of Suriname. Retrieved 25 March 2024.
  92. ^ "Policy rate, deposit and lending rate". Sveriges Riksbank. Retrieved 23 September 2023.
  93. ^ "Current interest rates and exchange rates". Swiss National Bank. Retrieved 24 March 2024.
  94. ^ "Discount Rate". Central Bank of the Republic of China (Taiwan). Retrieved 23 March 2023.
  95. ^ "Monetary policy rates (% per annum)". National Bank of Tajikistan. Retrieved 7 March 2024.
  96. ^ "Monetary Policy Committee's Decision 5/2023". Bank of Thailand. 27 September 2023.
  97. ^ "CENTRAL BANK REDUCES REPO RATE BY 150 BASIS POINTS; LOWERS RESERVE REQUIREMENT BY 3 PER CENT" (PDF). Central Bank of Trinidad and Tobago. 17 March 2020. Retrieved 6 August 2023.
  98. ^ "Press Release of the BCT Executive Board Meeting Held On 30 December 2022". Banque Centrale de Tunisie. 30 December 2022.
  99. ^ "Press Release on Interest Rates (2024-14)". Central Bank of the Republic of Turkey. 21 March 2024.
  100. ^ "Monetary Policy Statement for March 2024" (PDF). Bank of Uganda. 6 March 2024.
  101. ^ "NBU Key Policy Rate". National Bank of Ukraine. Retrieved 19 March 2024.
  102. ^ "Interest rates and Bank Rate". Bank of England. Retrieved 4 August 2023.
  103. ^ "Federal Reserve issues FOMC statement". Federal Reserve. 26 July 2023.
  104. ^ Parks, Ken (29 December 2023). "Uruguay's Central Bank Cuts Key Rate to 9% on Tame Inflation". BNN Bloomberg.
  105. ^ "Policy rate levels". Central Bank of the Republic of Uzbekistan. Retrieved 9 February 2023.
  106. ^ "SBV adjusts key interest rates". State Bank of Vietnam. 16 June 2023. Retrieved 7 March 2024.
  107. ^ "Communiqué de presse de la réunion ordinaire du Comité de Politique Monétaire de la BCEAO du 6 septembre 2023". Central Bank of West African States (in French). 1 March 2023. Retrieved 6 September 2023.
  108. ^ "2015 – 2024 Decision Making Schedule". Bank of Zambia. Retrieved 7 March 2024.
  109. ^ "Zimbabwe cuts policy rate to 150% as inflation falls". The Zimbabwe Mail. 2 February 2023.