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. Central banks use a range of tools to implement monetary policy but normally identify one rate as their key policy rate.
   The FIRST SECTION of the table shows changes to policy rates in the current month, including the name of the country that changed its rate, the current policy rate, the latest change in the policy rate in basis points, the date of the change, the year-to-date net change and the change in basis points in 2015, 2014 and 2013.
   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, followed by the change in GMPR in percentage points year-to-date, and the date for the latest change. This is followed by the total change in GMPR in basis points in 2015, 2014 and 2013.
   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 SEPTEMBER:
INDONESIA (7-day RRR) 5.00% -25 22-Sep-16 -125 -25 25 175
KENYA 10.00% -50 20-Sep-16 -150 300 0 -250
RUSSIA 10.00% -50 16-Sep-16 -100 -600 1150 0
UKRAINE 15.00% -50 15-Sep-16 -700 800 750 -100
AZERBAIJAN 15.00% 550 9-Sep-16 1200 -50 -125 -25
GEORGIA 6.50% -25 7-Sep-16 -150 400 25 -150
CHANGES YEAR TO DATE:
COUNTRY     RATE    CHANGE       DATE    YTD  2015 2014 2013
GLOBAL (GMPR) 6.08% -0.19 24-Aug-16 -766 3154 3185 -4166
ALBANIA 1.25% -25 4-May-16 -50 -50 -75 -100
ANGOLA 16.00% 200 30-Jun-16 500 200 -25 -100
ARGENTINA 9.00% -25 21-Oct-09         -         -         -         -
ARMENIA 7.25% -25 16-Aug-16 -150 25 75 -25
AUSTRALIA 1.50% -25 2-Aug-16 -50 -50 0 -50
AZERBAIJAN 15.00% 550 9-Sep-16 1200 -50 -125 -25
BAHAMAS 4.50% 0 0 0 0
BAHRAIN 0.75% 25 17-Dec-15 0 25 0 0
BANGLADESH 6.75% -50 14-Jan-16 -50 0 0 -50
BARBADOS          - 0 0 0 0
BELARUS 20.00% -200 1-Jul-16 -500 500 -350 -650
BOTSWANA 5.50% -50 12-Aug-16 -50 -150 0 -200
BRAZIL 14.25% 50 29-Jul-15 0 250 175 275
BULGARIA 0.00% -1 29-Jan-16 -1 -1 0 -1
CANADA 0.50% -25 15-Jul-15 0 -50 0 0
CAPE VERDE 3.50% -25 16-Feb-15 0 -25 -200 0
CEN. AFRICAN STS. 2.45% -50 10-Jul-15 0 -50 -30 0
CHILE 3.50% 25 17-Dec-15 0 50 -150 -50
CHINA 4.35% -25 23-Oct-15 0 -125 -40 0
COLOMBIA 7.75% 25 29-Jul-16 200 125 125 -100
CONGO DEM. REP. 2.00% -100 8-Nov-13 0 0 0 -100
CROATIA 2.50% -250 20-Oct-15 0 -250 0 -125
CZECH REPUBLIC 0.05% 0 1-Nov-12 0 0 0 0
DENMARK (deposit) -0.65% 10 7-Jan-16 10 -70 -10 10
DOMINICAN REP. 5.00% -25 31-May-15 0 -125 0 125
EAST. CARIBBEAN  6.50% 0 0 0
EGYPT 11.75% 100 16-Jun-16 250 0 100 -100
EURO AREA 0.00% -5 10-Mar-16 -5 0 -20 -50
FIJI 0.50% 0 2-Nov-11 0 0 0 0
GAMBIA 23.00% 100 7-May-15 0 100 200 800
GEORGIA 6.50% -25 7-Sep-16 -150 400 25 -150
GHANA (new rate) 26.00% 100 16-Nov-15 0 500 500 100
HONG KONG 0.75% 25 17-Dec-15 0 25 0 0
HUNGARY 0.90% -15 24-May-16 -45 -75 -90 -275
ICELAND  5.25% -50 24-Aug-16 -50 125 -75 0
INDIA 6.50% -25 5-Apr-16 -25 -125 25 -25
INDONESIA (7-day RRR) 5.00% -25 22-Sep-16 -125 -25 25 175
ISRAEL 0.10% -15 23-Feb-15 0 -15 -75 -75
JAMAICA 5.25% -25 17-Aug-15 0 -50 0 -50
JAPAN 1) -0.10% -20 29-Jan-16 -20 0 0 0
JORDAN 3.75% -25 8-Jul-15 0 -50 -25 -50
KAZAKHSTAN 13.00% -200 11-Jul-16 -300 400 0 0
KENYA 10.00% -50 20-Sep-16 -150 300 0 -250
KUWAIT 2.25% 25 16-Dec-15 0 25 0 0
KYRGYZSTAN 6.00% -200 31-May-16 -400 -50 450 0
MACEDONIA 4.00% 75 3-May-16 75 0 0 -50
MALAWI 27.00% 200 4-Nov-15 0 200 0 0
MALAYSIA 3.00% -25 13-Jul-16 -25 0 25 0
MAURITIUS 4.00% -40 20-Jul-16 -40 -25 0 -25
MEXICO 4.25% 50 30-Jun-16 100 25 -50 -100
MOLDOVA 10.00% -300 4-Jul-16 -950 1300 300 -100
MONGOLIA 15.00% 450 18-Aug-16 200 100 150 -275
MOROCCO 2.25% -25 22-Mar-16 -25 0 -50 0
MOZAMBIQUE 17.25% 300 21-Jul-16 750 225 -75 -125
NAMIBIA 7.00% 25 13-Apr-16 50 50 50 0
NEW ZEALAND 2.00% -25 10-Aug-16 -50 -100 100 0
NIGERIA 14.00% 200 26-Jul-16 300 -200 100 0
NORWAY 0.50% -25 17-Mar-16 -25 -50 -25 0
PAKISTAN 5.75% -25 21-May-16 -25 -300 -50 50
PARAGUAY 5.50% -25 20-Jul-16 -25 -100 25 0
PERU 4.25% 25 11-Feb-16 50 50 -50 -25
PHILIPPINES 3.00% -100 3-Jun-16 -100 0 50 0
POLAND 1.50% -50 4-Mar-15 0 -50 -50 -175
QATAR 4.50% 0 0 0 0
ROMANIA 1.75% -25 6-May-15 0 -100 -125 -125
RUSSIA 10.00% -50 16-Sep-16 -100 -600 1150 0
RWANDA 6.50% -50 25-Jun-14 0 0 -50 -50
SAMOA 0 0 0 0
SAUDI ARABIA 2.00% -50 19-Jan-09 0 0 0 0
SERBIA 4.00% -25 7-Jul-16 -50 -350 -150 -175
SIERRA LEONE 9.50% -50 23-Mar-15 0 -50 0 -1000
SOUTH AFRICA 7.00% 25 17-Mar-16 75 50 75 0
SOUTH KOREA 1.25% -25 9-Jun-16 -25 -50 -50 -25
SRI LANKA 7.00% 50 28-Jul-16 100 -50 0 -100
SWEDEN -0.50% -15 11-Feb-16 -15 -35 -75 -25
SWITZERLAND -0.75% -50 15-Jan-15 0 -50 -50 0
TAIWAN 1.375% -12.5 30-Jun-16 -25 -25 0 0
TAJIKISTAN 8.00% 100 19-Feb-16 0 0 250 -100
THAILAND 1.50% -25 29-Apr-15 0 -50 -25 -50
TRINIDAD & TOBAGO 4.75% 25 4-Dec-15 0 150 50 0
TUNISIA 4.25% -50 28-Oct-15 0 -50 25 75
TURKEY 7.50% -25 24-Feb-15 0 -75 375 -100
UAE 1.25% 25 17-Dec-15 0 25 0 0
UGANDA 14.00% -100 8-Aug-16 -300 600 -50 -50
UKRAINE 15.00% -50 15-Sep-16 -700 800 750 -100
UNITED KINGDOM 0.25% -25 4-Aug-16 -25 0 0 0
URUGUAY          - 0 27-Jun-13 0 0 0 0
USA 0.50% 25 16-Dec-15 0 25 0 0
UZBEKISTAN 9.00% -100 1-Jan-15 0 -100 0 -200
VIETNAM 6.50% -50 17-Mar-14 0 0 -50 -200
W. AFRICAN STATES 3.50% -25 16-Sep-13 0 0 0 -50
ZAMBIA 15.50% 300 3-Nov-15 0 300 275 50

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.

Monetary Policy Week in Review (WIR)
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 in Review: Global rates rise in 2015 and set to grind higher in 2016 as Fed continues to normalize
- Monetary Policy Week in Review - Jul 21-25, 2014: Central banks continue to prepare for shift in Fed policy
 -  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.