Central bank rates, also known as policy rates or benchmark interest rates, are the interest rates set by a country's central bank. These rates serve as a key tool for monetary policy implementation and influence various aspects of the economy, including borrowing and lending rates, inflation, and economic growth.
Central banks typically set interest rates with the goal of achieving their mandated objectives, which often include price stability (i.e., controlling inflation) and promoting maximum sustainable employment. The specific mandate and objectives of central banks can vary from country to country.
Central bank rates are closely monitored by financial markets, economists, and policymakers as they provide insights into the direction of monetary policy and the overall health of the economy.
Last updated date: August 4, 2024
| Central Bank | Currency | Key interest rate | Change | |
|---|---|---|---|---|
| Major Central Banks | ||||
| 🇨🇳 | People's Bank of China | PRC Yuan (CNY) | 3.35% (22.07.2024) | -0.10 |
| 🇯🇵 | Bank of Japan | Japanese yen (JPY) | 0.25% (31.07.2024) | +0.10 |
| 🇬🇧 | Bank of England | Pound sterling (GBP) | 5.25% (03.08.2023) | +0.25 |
| 🇺🇸 | Federal Reserve System | U.S. dollar (USD) | 5.25-5.50% (26.06.2023) | +0.25 |
| 🇪🇺 | European Central Bank | Euro (EUR) | 4.25% (06.06.2024) | -0.25 |
| Other Central Banks | ||||
| 🇦🇺 | Reserve Bank of Australia | Australian dollar (AUD) | 4.35% (07.11.2023) | +0.25 |
| 🇧🇾 | Central Bank of Belarus | Belarusian ruble (BYR) | 9.50% (21.06.2023) | -0.25 |
| 🇧🇷 | Banco Central do Brasil | Brazilian real (BRL) | 10.75% (20.03.2024) | -0.50 |
| 🇨🇦 | Bank of Canada | Canadian dollar (CAD) | 4.50% (24.07.2024) | -0.25 |
| 🇨🇱 | Banco Central de Chile | Chilean Peso (CLP) | 6.50% (02.04.2024) | -0.75 |
| 🇨🇴 | Bank of the Republic | Colombian peso (COP) | 10.75% (31.07.2024) | -0.50 |
| 🇨🇿 | Czech National Bank | Czech koruna (CZK) | 4.75% (27.06.2024) | -0.50 |
| 🇩🇰 | Danmarks Nationalbank | Danish krone (DKK) | 3.75% (14.09.2023) | +0.25 |
| 🇪🇬 | Central Bank of Egypt | Egyptian pound (EGP) | 27.25% (06.03.2024) | +6.00 |
| 🇬🇪 | National Bank of Georgia | Georgian lari (GEL) | 8.00% (22.05.2024) | -0.25 |
| 🇭🇺 | Magyar Nemzeti Bank | Hungarian forint (HUF) | 7.75% (23.04.2024) | -0.50 |
| 🇮🇸 | Central Bank of Iceland | Icelandic króna (ISK) | 9.25% (23.08.2023) | +0.50 |
| 🇮🇳 | Reserve Bank of India | Indian rupee (INR) | 6.50% (08.03.2023) | +0.25 |
| 🇮🇩 | Bank Indonesia | Indonesian rupiah (IDR) | 6.00% (19.10.2023) | +0.25 |
| 🇮🇱 | Bank of Israel | Israeli sheqel (ILS) | 4.50% (01.01.2024) | -0.50 |
| 🇲🇾 | Central Bank of Malaysia | Malaysian ringgit (MYR) | 3.00% (03.05.2023) | +0.25 |
| 🇲🇽 | Bank of Mexico | Mexican peso (MXN) | 11.00% (21.03.2024) | -0.25 |
| 🇲🇦 | Bank Al-Maghrib | Moroccan dirham (MAD) | 3.00% (21.03.2023) | +0.50 |
| 🇳🇬 | Central Bank of Nigeria | Nigerian naira (NGN) | 26.75% (23.07.2024) | +0.50 |
| 🇳🇴 | Norges Bank | Norwegian krone (NOK) | 4.50% (14.12.2023) | +0.25 |
| 🇵🇱 | National Bank of Poland | Polish Zloty (PLN) | 5.75% (04.10.2023) | -0.25 |
| 🇶🇦 | Qatar Central Bank | Qatari riyal (QAR) | 6.25% (29.02.2024) | +0.25 |
| 🇷🇴 | National Bank of Romania | Romanian leu (RON) | 6.75% (05.07.2024) | -0.25 |
| 🇷🇺 | Bank of Russia | Russian ruble (RUB) | 18.00% (26.07.2024) | +2.00 |
| 🇸🇦 | SAMA | Saudi riyal (SR) | 6.00% (26.07.2023) | +0.25 |
| 🇷🇸 | National Bank of Serbia | Serbian dinar (RSD) | 6.00% (11.07.2024) | -0.25 |
| 🇿🇦 | South African Reserve Bank | South African rand (ZAR) | 8.25% (25.05.2023) | +0.50 |
| 🇰🇷 | Bank of Korea | Korean won (KRW) | 3.50% (13.01.2023) | +0.25 |
| 🇸🇪 | Bank of Sweden | Swedish krona (SEK) | 4.00% (21.09.2023) | +0.25 |
| 🇨🇭 | Swiss National Bank | Swiss Franc (CHF) | 1.50% (21.03.2024) | -0.25 |
| 🇹🇭 | Bank of Thailand | Thai Baht (THB) | 2.50% (27.09.2023) | +0.25 |
| 🇹🇷 | Central Bank of Turkey | Turkish Lira (TRL) | 50.00% (21.03.2024) | +5.00 |
| 🇦🇪 | Central Bank of the UAE | UAE dirham (AED) | 5.40% (27.07.2023) | +0.25 |
| 🇺🇦 | National Bank of Ukraine | Hryvnia (UAH) | 13.00% (13.06.2024) | -0.50 |
Source: Central Banks
No responsibility is taken for the correctness of this information.
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