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 2016, 2015 and 2014.
   The SECOND SECTION shows changes year-to-date, starting with the Global Monetary Policy Rate (GMPR), or the average nominal rate of the 93 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 2016, 2015 and 2014.
   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 MAY:
COUNTRY         RATE        CHANGE                DATE          YTD  2016 2015 2014
TUNISIA 5.00% 25 24-May-17 75 0 -50 25
GHANA  22.50% -100 22-May-17 -300 -50 500 500
EGYPT 16.75% 200 21-May-17 200 550 0 100
CHILE 2.50% -25 18-May-17 -100 0 50 -150
MEXICO 6.75% 25 18-May-17 100 250 25 -50
ZAMBIA 12.50% -150 17-May-17 -300 0 300 275
ICELAND  4.75% -25 17-May-17 -25 -75 125 -75
PERU 4.00% -25 11-May-17 -25 50 50 -50
GEORGIA 7.00% 25 2-May-17 50 -150 400 25
CHANGES YEAR TO DATE:
COUNTRY         RATE       CHANGE                DATE          YTD  2016 2015 2014
GLOBAL (GMPR) 6.22% -2 21-May-17 0 -242 3154 3185
ALBANIA 1.25% -25 4-May-16 0 -50 -50 -75
ANGOLA 16.00% 200 30-Jun-16 0 500 200 -25
ARGENTINA  26.25% 150 11-Apr-17 150              -              -              -
ARMENIA 6.00% -25 14-Feb-17 -25 -250 25 75
AUSTRALIA 1.50% -25 2-Aug-16 0 -50 -50 0
AZERBAIJAN 15.00% 550 9-Sep-16 0 1200 -50 -125
BAHAMAS 4.00% -50 22-Dec-16 0 -50 0 0
BAHRAIN 1.25% 25 15-Mar-17 25 25 25 0
BANGLADESH 6.75% -50 14-Jan-16 0 -50 0 0
BARBADOS          - 0 0 0 0
BELARUS 15.00% -100 15-Mar-17 -300 -700 500 -350
BOTSWANA 5.50% -50 12-Aug-16 0 -50 -150 0
BRAZIL 11.25% -100 12-Apr-17 -250 -50 250 175
BULGARIA 0.00% -1 29-Jan-16 0 -1 -1 0
CANADA 0.50% -25 15-Jul-15 0 0 -50 0
CAPE VERDE 3.50% -25 16-Feb-15 0 0 -25 -200
CEN. AFRICAN STS. 2.95% 50 22-Mar-17 50 0 -50 -30
CHILE 2.50% -25 18-May-17 -100 0 50 -150
CHINA 4.35% -25 23-Oct-15 0 0 -125 -40
COLOMBIA 6.50% -50 28-Apr-17 -100 175 125 125
CONGO DEM. REP. 14.00% 700 14-Jan-17 700 500 0 0
CROATIA 2.50% -250 20-Oct-15 0 0 -250 0
CZECH REPUBLIC 0.05% 0 1-Nov-12 0 0 0 0
DENMARK  -0.65% 10 7-Jan-16 0 10 -70 -10
DOMINICAN REP. 5.75% 25 3-Apr-17 25 50 -125 0
EAST. CARIBBEAN  6.50% -50 18-Jul-13 0 0 0 0
EGYPT 16.75% 200 21-May-17 200 550 0 100
EURO AREA 0.00% -5 10-Mar-16 0 -5 0 -20
FIJI 0.50% 0 2-Nov-11 0 0 0 0
GAMBIA 23.00% 100 7-May-15 0 0 100 200
GEORGIA 7.00% 25 2-May-17 50 -150 400 25
GHANA  22.50% -100 22-May-17 -300 -50 500 500
HONDURAS 5.50% -25 15-Jun-16 0 -75 -75 0
HONG KONG 1.25% 25 16-Mar-17 25 25 25 0
HUNGARY 0.90% -15 24-May-16 0 -45 -75 -90
ICELAND  4.75% -25 17-May-17 -25 -75 125 -75
INDIA 6.25% -25 4-Oct-16 0 -50 -125 25
INDONESIA  4.75% -25 20-Oct-16 0 -150 -25 25
ISRAEL 0.10% -15 23-Feb-15 0 0 -15 -75
JAMAICA 5.00% -25 31-May-16 0 -25 -50 0
JAPAN (excess reserve) -0.10% -20 29-Jan-16 0 -20 0 0
JORDAN 3.50% 25 16-Mar-17 75 0 -50 -25
KAZAKHSTAN 11.00% -100 20-Feb-17 -100 -400 400 0
KENYA 10.00% -50 20-Sep-16 0 -150 300 0
KUWAIT 2.75% 25 15-Mar-17 25 25 25 0
KYRGYZSTAN 5.00% -50 27-Dec-16 0 -500 -50 450
MACEDONIA 3.25% -25 15-Feb-17 -50 50 0 0
MALAWI 22.00% -200 24-Mar-17 -200 -300 200 0
MALAYSIA 3.00% -25 13-Jul-16 0 -25 0 25
MAURITIUS 4.00% -40 20-Jul-16 0 -40 -25 0
MEXICO 6.75% 25 18-May-17 100 250 25 -50
MOLDOVA 9.00% -50 27-Oct-16 0 -1050 1300 300
MONGOLIA 14.00% -100 20-Dec-16 0 100 100 150
MOROCCO 2.25% -25 22-Mar-16 0 -25 0 -50
MOZAMBIQUE 22.75% -50 10-Apr-17 -50 1,350 225 -75
NAMIBIA 7.00% 25 13-Apr-16 0 50 50 50
NEW ZEALAND 1.75% -25 10-Nov-16 0 -75 -100 100
NIGERIA 14.00% 200 26-Jul-16 0 300 -200 100
NORWAY 0.50% -25 17-Mar-16 0 -25 -50 -25
PAKISTAN 5.75% -25 21-May-16 0 -25 -300 -50
PARAGUAY 5.50% -25 20-Jul-16 0 -25 -100 25
PERU 4.00% -25 11-May-17 -25 50 50 -50
PHILIPPINES 3.00% -100 3-Jun-16 0 -100 0 50
POLAND 1.50% -50 4-Mar-15 0 0 -50 -50
QATAR 5.00% 25 16-Mar-17 25 25 0 0
ROMANIA 1.75% -25 6-May-15 0 0 -100 -125
RUSSIA 9.25% -50 28-Apr-17 -75 -100 -600 1150
RWANDA 6.25% -25 28-Dec-16 0 -25 0 -50
SAMOA 0.14% -1 1-Jul-16 0 -1 0 0
SAUDI ARABIA 2.00% -50 19-Jan-09 0 0 0 0
SERBIA 4.00% -25 7-Jul-16 0 -50 -350 -150
SIERRA LEONE 11.00% 50 21-Dec-16 0 150 50 0
SOUTH AFRICA 7.00% 25 17-Mar-16 0 75 50 75
SOUTH KOREA 1.25% -25 9-Jun-16 0 -25 -50 -50
SRI LANKA 7.25% 25 23-Mar-17 25 100 -50 0
SWEDEN -0.50% -15 11-Feb-16 0 -15 -35 -75
SWITZERLAND -0.75% -50 15-Jan-15 0 0 -50 -50
TAIWAN 1.375% -12.5 30-Jun-16 0 -25 -25 0
TAJIKISTAN 16.00% 350 20-Mar-17 500 300 0 250
THAILAND 1.50% -25 29-Apr-15 0 0 -50 -25
TRINIDAD & TOBAGO 4.75% 25 4-Dec-15 0 0 150 50
TUNISIA 5.00% 25 24-May-17 75 0 -50 25
TURKEY 8.00% 50 24-Nov-16 0 50 -75 375
UAE 1.75% 25 15-Mar-17 25 25 25 0
UGANDA 11.00% -50 12-Apr-17 -100 -500 600 -50
UKRAINE 13.00% -100 13-Apr-17 -100 -800 800 750
UNITED KINGDOM 0.25% -25 4-Aug-16 0 -25 0 0
URUGUAY          - 0 27-Jun-13 0 0 0 0
USA 1.00% 25 15-Mar-17 25 25 25 0
UZBEKISTAN 9.00% -100 1-Jan-15 0 0 -100 0
VIETNAM 6.50% -50 17-Mar-14 0 0 0 -50
WEST AFRICAN STATES 2.50% -25 4-Sep-13 0 0 0 0
ZAMBIA 12.50% -150 17-May-17 -300 0 300 275

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.