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 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.

Global Interest Rate Monitor (GIRM)


CHANGES IN JANUARY:
COUNTRY RATE CHANGE DATE YTD 2017 2016 2015
CANADA 1.25% 25 17-Jan-18 25 50 0 -50
KAZAKHSTAN 9.75% -50 21-Aug-17 -50 -175 -400 400
PERU 3.00% -25 11-Jan-18 -25 -100 50 50
ROMANIA 2.00% 25 8-Jan-18 25 0 0 -100
ARGENTINA  28.00% -75 9-Jan-18 -75 400              -              -
CHANGES YEAR TO DATE:
COUNTRY RATE CHANGE DATE YTD  2016 2015
GLOBAL (GMPR) 5.94% -5 9-Jan-18 -100 -1,980 -242 3154
ALBANIA 1.25% -25 4-May-16 0 0 -50 -50
ANGOLA 18.00% 200 30-Nov-17 0 200 500 200
ARGENTINA  28.00% -75 9-Jan-18 -75 400              -              -
ARMENIA 6.00% -25 14-Feb-17 0 -25 -250 25
AUSTRALIA 1.50% -25 2-Aug-16 0 0 -50 -50
AZERBAIJAN 15.00% 550 14-Sep-16 0 0 1200 -50
BAHAMAS 4.00% -50 22-Dec-16 0 0 -50 0
BAHRAIN 1.75% 25 14-Dec-17 0 75 25 25
BANGLADESH 6.75% -50 14-Jan-16 0 0 -50 0
BARBADOS          - 0 0 0 0
BELARUS 11.00% -50 18-Oct-17 0 -700 -700 500
BOTSWANA 5.00% -50 24-Oct-17 0 -50 -50 -150
BRAZIL 7.00% -50 7-Dec-17 0 -675 -50 250
BULGARIA 0.00% -1 29-Jan-16 0 0 -1 -1
CANADA 1.25% 25 17-Jan-18 25 50 0 -50
CAPE VERDE 3.50% -25 16-Feb-15 0 0 0 -25
CEN. AFRICAN STS. 2.95% 50 22-Mar-17 0 50 0 -50
CHILE 2.50% -25 18-May-17 0 -100 0 50
CHINA 4.35% -25 23-Oct-15 0 0 0 -125
COLOMBIA 4.75% -25 24-Nov-17 0 -275 175 125
CONGO DEM. REP. 20.00% 600 26-Jun-17 0 1300 500 0
CROATIA 2.50% -250 20-Oct-15 0 0 0 -250
CZECH REPUBLIC 0.50% 25 2-Nov-17 0 45 0 0
DENMARK  -0.65% 10 7-Jan-16 0 0 10 -70
DOMINICAN REP. 5.25% -50 31-Jul-17 0 -25 50 -125
EAST. CARIBBEAN  6.50% -50 18-Jul-13 0 0 0 0
EGYPT 18.75% 200 6-Jul-17 0 400 550 0
EURO AREA 0.00% -5 10-Mar-16 0 0 -5 0
FIJI 0.50% 0 2-Nov-11 0 0 0 0
GAMBIA 15.00% -500 20-Jun-17 0 -800 0 100
GEORGIA 7.25% 25 13-Dec-17 0 75 -150 400
GHANA  20.00% -100 27-Nov-17 0 -550 -50 500
HONDURAS 5.50% -25 15-Jun-16 0 0 -75 -75
HONG KONG 1.75% 25 14-Dec-17 0 75 25 25
HUNGARY 0.90% -15 24-May-16 0 0 -45 -75
ICELAND  4.25% -25 4-Oct-17 0 -75 -75 125
INDIA 6.00% -25 2-Aug-17 0 -25 -50 -125
INDONESIA  4.25% -25 22-Sep-17 0 -50 -150 -25
ISRAEL 0.10% -15 23-Feb-15 0 0 0 -15
JAMAICA 2) 3.25% -25 27-Nov-17 0 -100 -25 -50
JAPAN 1) -0.10% -20 29-Jan-16 0 0 -20 0
JORDAN 4.00% 25 14-Dec-17 0 125 0 -50
KAZAKHSTAN 9.75% -50 21-Aug-17 -50 -175 -400 400
KENYA 10.00% -50 20-Sep-16 0 0 -150 300
KUWAIT 2.75% 25 15-Mar-17 0 25 25 25
KYRGYZSTAN 5.00% -50 27-Dec-16 0 0 -500 -50
MACAU 1.75% 25 14-Dec-17 0 75 0 0
MACEDONIA 3.25% -25 15-Feb-17 0 -50 50 0
MALAWI 16.00% -200 20-Dec-17 0 -800 -300 200
MALAYSIA 3.00% -25 13-Jul-16 0 0 -25 0
MAURITIUS 3.50% -50 6-Sep-17 0 -50 -40 -25
MEXICO 7.25% 25 14-Dec-17 0 150 250 25
MOLDOVA 6.50% -50 5-Dec-17 0 -250 -1050 1300
MONGOLIA 11.00% -100 22-Dec-17 0 -300 100 100
MOROCCO 2.25% -25 22-Mar-16 0 0 -25 0
MOZAMBIQUE 19.50% -150 22-Dec-17 0 -375 1,350 225
NAMIBIA 6.75% -25 13-Apr-16 0 -25 50 50
NEW ZEALAND 1.75% -25 10-Nov-16 0 0 -75 -100
NIGERIA 14.00% 200 26-Jul-16 0 0 300 -200
NORWAY 0.50% -25 17-Mar-16 0 0 -25 -50
PAKISTAN 5.75% -25 21-May-16 0 0 -25 -300
PARAGUAY 5.25% -25 23-Aug-17 0 -25 -25 -100
PERU 3.00% -25 11-Jan-18 -25 -100 50 50
PHILIPPINES 3.00% -100 3-Jun-16 0 0 -100 0
POLAND 1.50% -50 4-Mar-15 0 0 0 -50
QATAR 5.00% 25 16-Mar-17 0 25 25 0
ROMANIA 2.00% 25 8-Jan-18 25 0 0 -100
RUSSIA 7.75% -50 15-Dec-17 0 -225 -100 -600
RWANDA 5.50% -50 28-Dec-17 0 -75 -25 0
SAMOA 0.14% -1 1-Jul-16 0 0 -1 0
SAUDI ARABIA 2.00% -50 19-Jan-09 0 0 0 0
SERBIA 3.50% -25 9-Oct-17 0 -50 -50 -350
SIERRA LEONE 14.50% 50 14-Dec-17 0 350 150 50
SOUTH AFRICA 6.75% -25 20-Jul-17 0 -25 75 50
SOUTH KOREA 1.50% 25 29-Nov-17 0 25 -25 -50
SRI LANKA 7.25% 25 23-Mar-17 0 25 100 -50
SWAZILAND 7.25% 25 25-Jan-17 0 25 125 50
SWEDEN -0.50% -15 11-Feb-16 0 0 -15 -35
SWITZERLAND -0.75% -50 15-Jan-15 0 0 0 -50
TAIWAN 1.375% -12.5 30-Jun-16 0 0 -25 -25
TAJIKISTAN 16.00% 350 20-Mar-17 0 500 300 0
THAILAND 1.50% -25 29-Apr-15 0 0 0 -50
TRINIDAD & TOBAGO 4.75% 25 4-Dec-15 0 0 0 150
TUNISIA 5.00% 25 24-May-17 0 75 0 -50
TURKEY 8.00% 50 24-Nov-16 0 0 50 -75
UAE 2.25% 25 13-Dec-17 0 75 25 25
UGANDA 9.50% -50 3-Oct-17 0 -250 -500 600
UKRAINE 14.50% 100 14-Dec-17 0 50 -800 800
UNITED KINGDOM 0.50% 25 2-Nov-17 0 25 -25 0
URUGUAY          - 0 27-Jun-13 0 0 0 0
USA 1.50% 25 13-Dec-17 0 75 25 25
UZBEKISTAN 14.00% 500 24-Jun-17 0 500 0 -100
VIETNAM 6.25% -25 7-Jul-17 0 -25 0 0
WEST AFRICAN STATES 2.50% -25 4-Sep-13 0 0 0 0
ZAMBIA 10.25% -75 22-Nov-17 0 -525 0 300

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.