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 the earlier years of 2017, 2016 and 2015.
   The SECOND SECTION shows changes year-to-date, starting with the Global Monetary Policy Rate (GMPR), or the average nominal rate of the 95 central banks covered by Central Bank News, followed by the change in GMPR in basis points year-to-date, and the date for the latest change. This is followed by the total change in GMPR in basis points in 2017, 2016 and 2015.
   For timely updates on monetary policy, connect to Central Bank News through Twitter or Facebook. Central Bank News also produces an inflation targets table.


CHANGES IN MAY:
COUNTRYRATECHANGEDATEYTD201720162015
GHANA 17.00%-10021-May-18-300-550-50500
INDONESIA 4.50%2517-May-1825-50-150-25
JAMAICA 2)2.50%-2517-May-18-75-100-25-50
PHILIPPINES3.25%2510-May-18250-1000
ROMANIA2.50%257-May-187500-100
ARGENTINA 40.00%6754-May-181125400             -             -
ARGENTINA 33.25%3003-May-18450400             -             -
CHANGES YEAR TO DATE:
COUNTRYRATECHANGEDATEYTD 201720162015
GLOBAL (GMPR)5.86%-1321-May-18-900-1,980-2423154
ALBANIA1.25%-254-May-1600-50-50
ANGOLA18.00%20030-Nov-170200500200
ARGENTINA 40.00%6754-May-181125400             -             -
ARMENIA6.00%-2514-Feb-170-25-25025
AUSTRALIA1.50%-252-Aug-1600-50-50
AZERBAIJAN11.00%-2009-Apr-18-40001200-50
BAHAMAS4.00%-5022-Dec-1600-500
BAHRAIN2.00%2521-Mar-1825752525
BANGLADESH6.75%-5014-Jan-1600-500
BARBADOS         -0000
BELARUS10.50%-5031-Jan-18-50-700-700500
BOTSWANA5.00%-5024-Oct-170-50-50-150
BRAZIL6.50%-2521-Mar-18-50-675-50250
BULGARIA0.00%-129-Jan-1600-1-1
CANADA1.25%2517-Jan-1825500-50
CAPE VERDE3.50%-2516-Feb-15000-25
CEN. AFRICAN STS.2.95%5022-Mar-170500-50
CHILE2.50%-2518-May-170-100050
CHINA4.35%-2523-Oct-15000-125
COLOMBIA4.25%-2527-Apr-18-50-275175125
CONGO DEM. REP.14.00%-60010-Apr-18-60013005000
CROATIA2.50%-25020-Oct-15000-250
CZECH REPUBLIC0.75%251-Feb-18254500
DENMARK -0.65%107-Jan-160010-70
DOMINICAN REP.5.25%-5031-Jul-170-2550-125
EAST. CARIBBEAN 6.50%-5018-Jul-130000
EGYPT16.75%-10029-Mar-18-2004005500
EURO AREA0.00%-510-Mar-1600-50
FIJI0.50%02-Nov-110000
GAMBIA15.00%-50020-Jun-170-8000100
GEORGIA7.25%2513-Dec-17075-150400
GHANA 17.00%-10021-May-18-300-550-50500
HONDURAS5.50%-2515-Jun-1600-75-75
HONG KONG2.00%2522-Mar-1825752525
HUNGARY0.90%-1524-May-1600-45-75
ICELAND 4.25%-254-Oct-170-75-75125
INDIA6.00%-252-Aug-170-25-50-125
INDONESIA 4.50%-2517-May-1825-50-150-25
ISRAEL0.10%-1523-Feb-15000-15
JAMAICA 2)2.50%-2517-May-18-75-100-25-50
JAPAN 1)-0.10%-2029-Jan-1600-200
JORDAN4.25%2525-Mar-18251250-50
KAZAKHSTAN9.25%-2516-Apr-18-100-175-400400
KENYA9.50%-5019-Mar-18-500-150300
KUWAIT3.00%2521-Mar-1825252525
KYRGYZSTAN5.00%-5027-Dec-1600-500-50
MACAU2.00%2522-Mar-18257500
MACEDONIA3.25%-2515-Feb-170-50500
MALAWI16.00%-20020-Dec-170-800-300200
MALAYSIA3.25%2525-Jan-18250-250
MAURITIUS3.50%-506-Sep-170-50-40-25
MEXICO7.50%258-Feb-182515025025
MOLDOVA6.50%-505-Dec-170-250-10501300
MONGOLIA10.00%-10023-Mar-18-100-300100100
MOROCCO2.25%-2522-Mar-1600-250
MOZAMBIQUE16.50%-15011-Apr-18-300-3751,350225
NAMIBIA6.75%-2513-Apr-160-255050
NEW ZEALAND1.75%-2510-Nov-1600-75-100
NIGERIA14.00%20026-Jul-1600300-200
NORWAY0.50%-2517-Mar-1600-25-50
PAKISTAN6.00%2526-Jan-18250-25-300
PARAGUAY5.25%-2523-Aug-170-25-25-100
PERU2.75%-258-Mar-18-50-1005050
PHILIPPINES3.25%2510-May-18250-1000
POLAND1.50%-504-Mar-15000-50
QATAR5.00%2516-Mar-17025250
ROMANIA2.50%257-May-187500-100
RUSSIA7.25%-2523-Mar-18-50-225-100-600
RWANDA5.50%-5028-Dec-170-75-250
SAMOA0.14%-11-Jul-1600-10
SAUDI ARABIA2.25%2515-Mar-1825000
SERBIA3.00%-2512-Apr-18-50-50-50-350
SIERRA LEONE14.50%5014-Dec-17035015050
SOUTH AFRICA6.50%-2528-Mar-18-25-257550
SOUTH KOREA1.50%2529-Nov-17025-25-50
SRI LANKA (deposit)7.25%2523-Mar-17025100-50
SWAZILAND6.75%-2529-Mar-18-502512550
SWEDEN-0.50%-1511-Feb-1600-15-35
SWITZERLAND-0.75%-5015-Jan-15000-50
TAIWAN1.375%-12.530-Jun-1600-25-25
TAJIKISTAN14.00%-7520-Mar-18-2005003000
THAILAND1.50%-2529-Apr-15000-50
TRINIDAD & TOBAGO4.75%254-Dec-15000150
TUNISIA5.75%755-Mar-1875750-50
TURKEY8.00%5024-Nov-160050-75
UAE2.50%2521-Mar-1825752525
UGANDA9.00%-5013-Feb-18-50-250-500600
UKRAINE17.00%1001-Mar-1825050-800800
UNITED KINGDOM0.50%252-Nov-17025-250
URUGUAY         -027-Jun-130000
USA1.75%2521-Mar-1825752525
UZBEKISTAN14.00%50024-Jun-1705000-100
VIETNAM6.25%-257-Jul-170-2500
WEST AFRICAN STATES2.50%-254-Sep-130000
ZAMBIA9.75%-5021-Feb-18-50-5250300


NOTES:
1: Rate on excess reserves
2. From July 1, 2017 overnight deposit

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:



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 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.