List of countries by central bank interest rates

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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 (%)		 Date of last
change 		Average inflation rate
2013–2017 (%)
by WB and IMF[1][2]
as in the List 		Central bank interest rate
minus average
inflation rate (2013–2017) 		Central bank interest rate
divided by average
inflation rate (2013–2017)
 Albania 1.00 25 March 2022[3] 1.75 -0.75 0.57
 Angola 20.00 2 July 2021[4] 17.54 -2.04 0.88
 Argentina 75.00 15 September 2022[5] 31.17 6.83 2.18
 Armenia 9.25 16 March 2022[6] 2.38 3.37 2.41
 Australia 2.85 1 November 2022[7] 1.93 0.92 1.48
 Azerbaijan 7.75 22 March 2022[8] 6.51 1.74 1.27
 Bahamas 4.00 22 December 2016 [9] 0.97 3.03 4.10
 Bahrain 3.75 15 June 2022[10] 2.40 0.10 1.04
 Bangladesh 4.00 19 July 2021[11] 6.38 -0.38 0.94
 Barbados 7.00 1 June 2009 [9] 1.67 5.33 4.20
 Belarus 9.25 21 July 2021 [12] 13.47 -3.97 0.71
 Bolivia 4.00 3 November 2021[13]
 Botswana 3.75 8 October 2020[14] 3.89 1.11 1.29
 Brazil 13.25 15 June 2022[15] 6.73 -4.48 0.33
 Bulgaria 0.00 29 January 2016[9] 0.12 -0.12 0.00
 Canada 3.75 7 September 2022[16] 1.40 0.35 1.25
 Cape Verde 5.50 7 June 2017[9] 0.15 5.35 36.87
Central African States 3.50 6 December 2021[17]
 Chile 8.25 5 May 2022[18] 3.30 -1.55 0.53
 China 3.70 20 December 2021[19] 1.93 2.27 2.17
 Colombia 6.00 29 April 2022[20]
 Costa Rica 5.50 20 June 2022[21]
 DR Congo 8.50 17 June 2021[22] 11.46 -2.46 0.79
 Croatia 3.00 17 September 2017[23]
 Czech Republic 7.00 22 June 2022[24] 1.04 0.96 1.92
 Denmark 0.65 8 September 2022[25] 0.64 -1.39 -1.17
 Dominican Republic 5.50 6 April 2022[26] 2.69 2.56 1.95
Eastern Caribbean 6.50 [9]
 Egypt 9.75 22 March 2022[27] 14.41 -1.16 0.92
European Union Eurozone 1.25 8 September 2022[28]
 Fiji 0.50 2 November 2011[9] 2.40 -1.90 0.21
 Gambia 10.00 28 May 2020[29] 6.74 13.26 2.97
 Georgia 10.50 8 December 2021[30] 2.93 4.07 2.39
 Ghana 17.00 22 March 2022[31] 14.79 5.21 1.35
 Guatemala 1.75 1 June 2020[32]
 Honduras 3.00 27 November 2020[33]
 Hong Kong 4.25 3 November 2022[34] 3.12 -1.12 0.64
 Hungary 13.00 27 September 2022[35] 0.83 0.07 1.08
 Iceland 5.5 23 June 2022[36] 2.20 1.05 1.48
 India 4.90 8 June 2022 6.12 0.88
 Indonesia 3.50 1 August 2021[37] 5.29 0.71 1.13
 Iran 18.00 1 May 2016 7.37 0.63 1.04
 Israel 2.75 25 October 2022[38] 0.21 0.04 1.19
 Jamaica 2.50 20 December 2021[39] 5.37 -4.87 0.09
 Japan -0.10 29 January 2016[40] -0.26 0.16 0.38
 Jordan 2.50 15 January 2021[41] 5.37 1.85 1.90
 Kazakhstan 13.50 24 February 2022[42] 8.21 0.79 1.10
 Kenya 7.00 1 October 2021[43] 6.70 3.30 1.49
 Kuwait 2.25 15 June 2022[10] 2.85 -0.10 0.97
 Kyrgyzstan 10.00 1 March 2022[44] 4.81 0.19 1.04
 Malawi 12.00 24 November 2020[45] 21.26 -7.76 0.64
 Malaysia 2.75 3 November 2022[46] 2.66 -0.41 0.85
 Mauritius 2.00 10 March 2022[47] 2.53 1.47 1.58
 Mexico 8.5 11 August 2022[48] 3.88 3.62 1.94
 Moldova 12.50 25 March 2022[49] 6.45 -3.2 0.5
 Mongolia 6.00 23 November 2020[50] 6.80 4.20 1.62
 Morocco 2.00 27 September 2022 [51] 1.26 0.99 1.79
 Mozambique 13.25 27 January 2021[52] 8.40 4.35 1.52
 Namibia 4.00 12 February 2022[53] 5.44 1.06 1.20
 New Zealand 3.00 17 August 2022[54] 1.03 -0.03 0.97
 Nicaragua 4.00 13 April 2022[55]
 Nigeria 11.50 26 November 2020[56] 11.49 2.01 1.18
 North Macedonia 1.25 13 October 2021[57] 0.65 2.60 4.97
 Norway 2.25 22 September 2022[58] 2.35 -0.85 0.64
 Pakistan 15.00 7 July 2022[59] 5.03 3.97 2.63
 Paraguay 6.25 22 March 2022[60] 3.70 1.80 1.49
 Peru 4.50 7 April 2022[61] 3.20 -2.95 0.08
 Philippines 2.00 12 October 2021 [62] 2.18 1.82 1.83
 Poland 6.75 7 September 2022[63] 0.31
 Qatar 2.25 15 June 2022[10] 2.27 2.73 2.21
 Romania 5.50 8 August 2022[64] 0.83 1.67 3.00
 Russia 7.50 19 September 2022[65] 8.10 -3.85 0.52
 Rwanda 5.00 15 February 2022[66] 5.22 0.78 1.15
 Samoa 0.19 1 June 2019[9] 0.77 -0.58 0.25
 Saudi Arabia 2.25 15 June 2022[10] 2.31 -0.06 0.97
 Serbia 1.50 7 April 2022[67] 3.05 -0.55 0.82
 Seychelles 2.00 5 July 2021[68]
 Sierra Leone 14.00 15 October 2021[9] 9.08 3.92 1.43
 South Africa 3.75 19 November 2021[69] 5.64 0.86 1.15
 South Korea 3.00 12 October 2022[70] 1.24 0.01 1.01
 Sri Lanka 13.50 8 April 2022[71] 5.09 2.16 1.42
 Sweden 1.75 20 September 2022[72] 0.50 -0.75 -0.50
 Switzerland 0.50 22 September 2022[9][73] -0.26 -0.49 2.91
 Taiwan 1.375 17 March 2022[74]
 Tajikistan 12.00 29 April 2021[75] 6.03 7.22 2.20
 Thailand 0.50 23 December 2020[76] 0.80 0.70 1.88
 Trinidad and Tobago 3.50 30 December 2020[77] 4.09 5.16 2.26
 Tunisia 6.25 1 October 2020[78] 4.93 2.82 1.57
 Turkey 10.50 20 October 2022[79] 8.58 5.42 1.63
 Uganda 6.50 16 June 2021[80] 4.89 5.11 2.04
 Ukraine 25.00 2 June 2022 [81] 16.73 -10.23 0.36
 UAE 1.50 16 March 2020[82] 2.22 -0.22 0.90
 United Kingdom 3.00 3 November 2022[83] 1.47 -0.72
 United States 3.00 21 September 2022[84] 1.75
 Uruguay 10.25 15 August 2022[85] 8.39
 Uzbekistan 17.00 21 March 2022[86]
 Vietnam 4.00 30 September 2020[87] 3.65 2.35 1.64
West African States 4.00 1 October 2021[9]
 Zambia 9.00 24 November 2021[88] 9.79 0.46 1.05
 Zimbabwe 60.00 6 April 2022 [89]

References

  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. ^ "Albanian central bank lowers key interest rate to 0.5 pct". Xinhua.
  4. ^ "Angola Hikes Key Rate to Record High to Contain Inflation". bloomberg.
  5. ^ "Argentina hikes interest rate by 550 basis points to 75% after inflation overshoots". CNBC.
  6. ^ "Armenia raises key refinancing rate to 7.75%". Reuters.
  7. ^ "RBA interest rates: Reserve Bank lifts official cash rate by 50 basis points to 1.85%".
  8. ^ "Azerbaijan's Central Bank hikes refinancing rate to 7% pa". interfax.
  9. ^ a b c d e f g h i j "Global Interest Rate Monitor (GIRM)". centralbanknews.info. Retrieved 4 July 2019.
  10. ^ a b c d "5 Gulf Central Banks Hike Interest Rates After Fed's Historic Move To Tame Inflation". Forbes.
  11. ^ "Bangladesh's monetary policy targets economic recovery". thefinancialexpress.
  12. ^ "Belarus' central bank to raise refinancing rate to 9.25% per annum on 21 July". belarus.by.
  13. ^ "INFORMACIÓN SOBRE EL INTERÉS QUE SE PAGA POR UN PRÉSTAMO" (PDF). bcb.gob.bo (in Spanish). Retrieved 27 October 2021.
  14. ^ "Botswana's Central Bank Cuts Key Interest Rate to Record Low". bloomberg.
  15. ^ "Copom eleva a taxa Selic para 11,75% a.a." Banco Central do Brasil (in Portuguese).
  16. ^ "Bank of Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening". www.bankofcanada.ca. Retrieved 26 October 2022.
  17. ^ "BEAC raises interest rates". centralbanking.
  18. ^ "Banco Central de Chile vuelve a aplicar un alza histórica de las tasas de interés a 4%". larepublica.co (in Spanish). 13 October 2021.
  19. ^ "China cuts interest rates for first time in 20 months". BusinessTimes.
  20. ^ "Banco de la República sube tasa de interés a 3%". elcolombiano (in Spanish). Retrieved 18 December 2021.
  21. ^ "Tasa de política monetaria". gee.bccr.fi.cr. Retrieved 21 June 2022.
  22. ^ "Democratic Republic of Congo central bank cuts main rate to 8.5%". Reuters.
  23. ^ "Odluka o kamatnim stopama, diskontnoj (eskontnoj) stopi i naknadama Hrvatske narodne banke".
  24. ^ "Rozhodnutí bankovní rady ČNB". ČNB (in Czech).
  25. ^ "Denmark ends nearly decade-long era of negative interest rates". Bloomberg.
  26. ^ "Dominican Republic ends 2021 with 100bp hike". CentralBanking.
  27. ^ "Egypt Cuts Rates for 2nd Time in Boost for Virus-Hit Economy". Bloomberg. 12 November 2020. Retrieved 15 November 2020.
  28. ^ "ECB hikes interest rates for first time in 11 years by larger-than-expected amount". 21 July 2022.
  29. ^ "Monetary Policy Rate". Central Bank of The Gambia.
  30. ^ "Central Bank Raises Key Rate to 10.5%, 13-year Highest". civil.ge.
  31. ^ "Ghana hikes interest rate for the first time in 5 years. Will Nigeria follow suit?". nairametrics.
  32. ^ "Tasa de Interés Líder de Política Monetaria". banguat.gob.gt (in Spanish). Retrieved 30 October 2021.
  33. ^ "EL BANCO CENTRAL DE HONDURAS MANTIENE LA TASA DE POLÍTICA MONETARIA" (PDF). bch.hn (in Spanish). Retrieved 30 October 2021.
  34. ^ "Adjustment of the Base Rate". Hong Kong Monetary Authority.
  35. ^ "Hungary ends massive rate hikes with one last 125 bps step".
  36. ^ "Iceland Hikes Key Rate to Five-Year High to Quell Housing Boom". Bloomberg.
  37. ^ "BI 7-DAY REVERSE REPO RATE HELD AT 3.50%: SYNERGY MAINTAINING STABILITY AND STRENGTHENING RECOVERY". Bank Indonesia.
  38. ^ "Bank of Israel hikes benchmark interest rate 1/2-point in inflation battle".
  39. ^ "Bank of Jamaica raises monetary policy interest rate to 2.5%". JamaicaNews.
  40. ^ "Bank of Japan maintains ultra-low rates, warns it is closely watching yen moves".
  41. ^ "Monetary Policy Interest Rates". Central Bank of Jordan.
  42. ^ "Kazakhstan's central bank raises policy rate to 9.75per cent". Channelnewsasia.com.
  43. ^ "Kenya's Central Bank maintains lending rate at 7%". cnbcafrica.com.
  44. ^ "Kyrgyzstan raises key rate to 8.5%". akipress.com.
  45. ^ "Reserve Bank of Malawi cuts policy interest rate". country.eiu.
  46. ^ "Monetary Policy Statement". 3 November 2022.
  47. ^ "Key Repo Rate". Bank of Mauritius.
  48. ^ "Bank of Mexico hikes rates to record 8.5%, moderates tone on future path". Reuters.
  49. ^ "Moldova makes second rate hike in two months". centralbanking.
  50. ^ "Central Bank lowers policy rate to 6 percent". montsame.mn.
  51. ^ "بنك المغرب يرفع سعر الفائدة إلى 2 في المائة". Hespress - هسبريس جريدة إلكترونية مغربية (in Arabic). 27 September 2022. Retrieved 27 September 2022.
  52. ^ "Mozambique: Central bank keeps interest rate at 13.25%". clubofmozambique.
  53. ^ "Namibia Central Bank Holds Interest Rate at Record-Low 3.75%". bloomberg.
  54. ^ "Monetary policy/OCR decisions".
  55. ^ "CORREDOR DE TASAS DE INTERÉS DEL BCN". bcn.gob.ni (in Spanish).
  56. ^ "CBN retains benchmark rate at 11.5%". premiumtimesng.
  57. ^ "N. Macedonia's c-bank holds policy rate at 1.25%". Seenews.
  58. ^ "Norway lifts rates to 2.25%, expects smaller hikes ahead". Reuters.
  59. ^ "SBP jacks up key rate to 11-year high of 13.75%". Tribune.
  60. ^ "Paraguay Lifts Benchmark Rate to Two-Year High of 5.25%". Bloomberg.
  61. ^ "Peru hikes rates 50bp again". CentralBanking. Retrieved 5 January 2022.
  62. ^ "BSP keeps interest rates at 2%, raises 2021 inflation forecast". cnnphilippines.
  63. ^ "Poland Eases Pace of Interest Rate Hikes as Economy Slows".
  64. ^ "Romanian MPC hikes rates again".
  65. ^ "Central Bank of Russia key rate". CBR. Retrieved 22 September 2022.
  66. ^ "Rwanda's Central Bank maintains key repo rate at 4.5%". cnbcafrica.
  67. ^ "Interest rates". National Bank of Serbia.
  68. ^ "Seychelles central bank cuts policy rate by 100 basis points". centralbanking.
  69. ^ "South Africa's rate hike leaves uncertainty over the rand and economic growth". CNBC.
  70. ^ "한국은행 기준금리 추이". Bank of Korea.
  71. ^ "Policy Interest Rates and Ratios". cbsl.gov.
  72. ^ "Sweden lifts interest rates by full percentage point with more to come".
  73. ^ "Swiss National Bank exits negative rates era with 0.75% hike". Reuters.
  74. ^ "Central bank leaves interest rates unchanged". focustaiwan.tw.
  75. ^ "Tajik central bank raises its refinancing rate to 12.0 percent". asiaplustj.
  76. ^ "Thai interest rate unchanged but central bank cuts GDP outlook". asia.nikkei.com.
  77. ^ "Central Bank maintains 3.5% repo rate, notes uptick in food inflation". loopnews.com.
  78. ^ "Tunisian central bank keeps key rate unchanged at 6.25%". Zawya.
  79. ^ Turak, Natasha. "Turkey slashes interest rates by 150 basis points despite inflation at 83%". CNBC. Retrieved 20 October 2022.
  80. ^ "Uganda's central bank cuts key lending rate to 6.5%". Reuters.
  81. ^ "Ukraine keeps interest rate at 25%, warns of high wartime inflation". Reuters.
  82. ^ "UPDATE 3-Gulf central banks cut rates as region's coronavirus cases near 1,000". Reuters.
  83. ^ "Interest rates and Bank Rate". Bank of England.
  84. ^ "Fed delivers another big rate hike; Powell vows to 'keep at it'". Reuters.
  85. ^ "Uruguay Lifts Interest Rate to 10.25%, Sees More Hikes Ahead". Bloomberg.
  86. ^ "The Central Bank of Uzbekistan cuts the base rate to 14% per annum". gratanet.com.
  87. ^ "Vietnam Cuts Key Interest Rates to Aid Economic Recovery". bloomberg.
  88. ^ "Zambia Central Bank Hikes Key Lending Rate to 9% From 8.5% -- Update". marketwatch.
  89. ^ "Zimbabwe Sets Key Interest Rate at 60% to Halt Dollar Plunge". Bloomberg.
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