Interest Rates

   Central Bank News publishes a Global Interest Rate Monitor (GIRM) that covers the official monetary policy rates of the world's monetary authorities.
   The FIRST SECTION of the table shows rate changes in the current month, including the name of the country that changes its rate, the current policy rate, the latest net change in the rate in basis points, the date of the change, the year-to-date net change and the change in 2013, 2012 and 2011.
   The SECOND SECTION shows changes year-to-date, starting with the Global Monetary Policy Rate (GMPR) or the average nominal rate of the 90 central banks covered by Central Bank News, the change in GMPR year-to-date, in 2013, 2012 and 2011.
   Following are the changes for each central bank year-to-date.
   For timely updates on monetary policy, connect to Central Bank News through Twitter or Facebook. Central Bank News also produces an inflation targets table.

                                Global Interest Rate Monitor (GIRM)


CHANGES IN JULY:







COUNTRY     RATE    CHANGE       DATE    YTD  2013 2012 2011
PERU 3.75% -25 10-Jul-14 -25 -25 0 125
MALAYSIA 3.25% 25 10-Jul-14 25 0 0 25
GHANA 19.00% 100 9-Jul-14 300 100 250 -100
CEN. AFRICAN STS. 2.95% -30 8-Jul-14 -30 0              -              -
SWEDEN 0.25% -50 3-Jul-14 -50 -25 -75 50
BULGARIA 0.03% -2 30-Jun-14 1 -1 -19 4
CHANGES YEAR TO DATE:
GLOBAL (GMPR) 5.53% 956 -4326 -6475 7441.5
ALBANIA 2.50% -25 30-May-14 -50 -100 -75 -25
ANGOLA 9.25% -50 25-Nov-13 0 -100 -25 0
ARGENTINA 9.00% 0 0 0 0
ARMENIA 7.00% -25 24-Jun-14 -75 -25 0 75
AUSTRALIA 2.50% -25 6-Aug-13 0 -50 -125 -50
AZERBAIJAN 4.25% -50 30-Apr-14 -50 -25 -25 225
BAHAMAS 4.50% 0 0 0 -75
BAHRAIN 0.50% 0 0 0 0
BANGLADESH 7.75% 0 0 0 50
BARBADOS          - 0 0 0 0
BELARUS 21.50% -100 19-May-14 -200 -650 -1500 3450
BOTSWANA 7.50% -50 10-Dec-13 0 -200 0 0
BRAZIL 11.00% 25 2-Apr-14 100 275 -375 25
BULGARIA 0.03% -2 30-Jun-14 1 -1 -19 4
CANADA 1.00% 8-Sep-10 0 0 0 0
CAPE VERDE 4.25% -150 27-Feb-14 -150 0 -150 0
CEN. AFRICAN STS. 2.95% -30 8-Jul -30 0              -              -
CHILE 4.00% -25 13-Mar-14 -50 -50 -25 200
CHINA 6.00% 6-Jul-12 0 0 -56 75
COLOMBIA 4.00% 25 20-Jun-14 75 -100 -50 175
CONGO DEM. REP. 2.00% -100 8-Nov-13 0 -100              -              -
CROATIA 5.00% -125 28-Nov-13 0 -125 0 0
CZECH REPUBLIC 0.05% 0 0 -70 0
DENMARK 0.20% -10 2-May-13 0 0 -50 -35
DOMINICAN REPL. 6.25% 200 28-Aug-13 0 125 -175 100
EGYPT 8.25% -50 5-Dec-13 0 -100 0 100
EURO AREA 0.15% -10 5-Jun-14 -35 -50 -25 0
FIJI 0.50% 0 0 0 -150
GAMBIA 20.00% 200 31-Jan-14 200 600 -200 -100
GEORGIA 4.00% 25 12-Feb-14 25 -150 -150 -50
GHANA 19.00% 100 9-Jul-14 300 100 250 -100
HONG KONG 0.50% 0 0 0 0
HUNGARY 2.30% -10 24-Jun-14 -70 -275 -125 125
ICELAND 6.00% 0 0 125 25
INDIA 8.00% 25 27-Jan-14 25 -25 -50 225
INDONESIA 7.50% 25 12-Nov-13 0 175 -25 -50
ISRAEL 0.75% -25 24-Feb-14 -25 -75 -100 75
JAMAICA 5.75% -50 22-Feb-13 0 -50 0 -50
JAPAN          - 4-Apr-13 0 0 0 0
JORDAN 4.25% -25 20-Jan-14 -25 -50 50 25
KAZAKHSTAN 5.50% 0 0 -200 50
KENYA 8.50% -100 7-May-13 0 -250 -700 1200
KUWAIT 2.00% 0 0 -50 0
MACEDONIA 3.25% -25 10-Jul-13 0 -50 0 -25
MALAWI 25.00% 0 0 1200 0
MALAYSIA 3.25% 25 10-Jul-14 25 0 0 25
MAURITIUS 4.65% -25 17-Jun-13 0 -25 -50 65
MEXICO 3.00% -50 6-Jun-14 -50 -100 0 0
MOLDOVA 3.50% -100 25-Apr-13 0 -100 -400 0
MONGOLIA 10.50% -100 25-Jun-13 0 -275 -100 125
MOROCCO 3.00% 0 0 -25 0
MOZAMBIQUE 8.25% -50 16-Oct-13 0 -125 -550 -50
NAMIBIA 5.75% 25 18-Jun-14 25 0 -50 0
NEW ZEALAND 3.25% 25 11-Jun-14 75 0 0 -50
NIGERIA 12.00% 0 0 0 550
NORWAY 1.50% -25 14-Mar-12 0 0 -25 -25
PAKISTAN 10.00% 50 13-Nov-13 0 50 -250 -200
PERU 3.75% -25 10-Jul-14 -25 -25 0 125
PHILIPPINES 3.50% 0 0 -100 50
POLAND 2.50% -25 3-Jul-13 0 -175 -50 100
QATAR 4.50% 0 0 0 -105
ROMANIA 3.50% -25 4-Feb-14 -50 -125 -75 -25
RUSSIA (new rate Sept. '13) 7.50% 50 25-Apr-14 200 0 25 25
RWANDA 6.50% -50 25-Jun-14 -50 -50 50 100
SAMOA 5.00% 0 0 0 0
SAUDI ARABIA 2.00% 0 0 0 0
SERBIA 8.50% -50 12-Jun-14 -100 -175 150 -175
SIERRA LEONE 10.00% -200 9-Dec-13 0 -1000 0 -300
SOUTH AFRICA 5.50% 50 29-Jan-14 50 0 -50 0
SOUTH KOREA 2.50% -25 9-May-13 0 -25 -50 75
SRI LANKA 6.50% -50 14-Oct-13 0 -100 50 0
SWEDEN 0.25% -50 3-Jul-14 -50 -25 -75 50
SWITZERLAND 0.25% -50 3-Aug-11 0 0 0 -50
TAIWAN 1.88% 0 0 0 37.5
TAJIKISTAN 5.90% 110 20-May-14 40 -100 -330 75
THAILAND 2.00% -25 12-Mar-14 -25 -50 -50 125
TRINIDAD & TOBAGO 2.75% 0 0 -25 -50
TUNISIA 4.75% 25 26-Jun-14 75 75 25 -100
TURKEY 8.75% -75 24-Jun-14 425 -100 -25 -75
UAE 1.00% 0 0 0 0
UGANDA 11.00% -50 4-Jun-14 -50 -50 -1100 1000
UKRAINE 9.50% 300 14-Apr-14 300 -100 0 0
UNITED KINGDOM 0.50% 5-Mar-09 0 0 0 0
URUGUAY          - 27-Jun-13 0 0 50 225
USA 0.25% 16-Dec-08 0 0 0 0
UZBEKISTAN 10.00% -200 27-Dec-13 0 -200 0 -200
VIETNAM 6.50% -50 17-Mar-14 -50 -200 -600 600
W. AFRICAN STATES 3.50% -25 4-Sep-13 0 -50 -25 0
ZAMBIA 12.00% 175 28-Mar-14 225 50 25             -
















Central Bank News makes every effort to ensure the accuracy of the interest rates in the above table at the time of publication. However, as rates and mechanisms change over time, we cannot guarantee the accuracy of the information above. If you have any corrections, please contact us. You may replicated the table in full under the condition that you cite Central Bank News as the source and provide a link back to www.centralbanknews.info.


Central Bank News publishes a weekly review of the latest developments in global monetary policy. WIR can be accessed under the website's Latest News pages or by searching for "Week in Review" in the website's search tool.  For examples of recent WIRs, please see:
Monetary Policy Week in Review (WIR)


 -  "Monetary Policy Week in Review – Aug 19-23, 2013: Jackson Hole suggests QE path for Fed, Turkey tightens"
 -  "Monetary Policy Week in Review – Aug 5-9, 2013: 3 banks cut rates, 7 hold, BOE highlights policy challenges"

Global Monetary Policy Rate (GMPR):
Central Bank News occasionally publishes a monthly review of developments in global monetary policy, including the the GMPR, the average nominal policy rate by the 90 central banks followed by Central Bank News. The articles can be accessed under the website's Latest News pages or by searching for "GMPR." For examples of recent GMPRs, please see:
- "Global Monetary Policy Rates – Sep 2013: Global rates rise for 1st time in 23 months as rates may have reached nadir"
 -  "Global Monetary Policy Rates - July: Average policy rate steady for 3rd month in row as 4 banks raise rates"
 - "Global Monetary Policy Rates – Apr. 2013: Central banks’ policy rates fall 749 bps as rate-cutting spree accelerates"


Global Monetary Policy Rate Index (GMPRI)
Central Bank News has developed a global monetary policy rate index, which is designed to capture broad levels and trends in central bank interest rates. Please consult the resources below for more background information on the indexes and the index data itself.
GMPRI was last updated in April 2012 but work is under way to update it shortly.