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 2018, 2017 and 2016.
   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 2018, 2017 and 2016.
   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 JANUARY:
COUNTRYRATECHANGEDATEYTD201820172016
CHANGES YEAR TO DATE:
COUNTRYRATECHANGEDATEYTD 201820172016
GLOBAL (GMPR)6.42%4320-Dec-1804365-1,980-242
ALBANIA1.00%-256-Jun-180-250-50
ANGOLA16.50%-15017-Jul-180-150200500
ARGENTINA 2)60.00%-5005-Dec-1803125400             -
ARMENIA6.00%-2514-Feb-1700-25-250
AUSTRALIA1.50%-252-Aug-16000-50
AZERBAIJAN9.75%-2530-Oct-180-52501200
BAHAMAS4.00%-5022-Dec-16000-50
BAHRAIN2.75%2519-Dec-1801007525
BANGLADESH6.00%-753-Apr-180-750-50
BARBADOS         -0000
BELARUS10.00%-5020-Jun-180-100-700-700
BOTSWANA5.00%-5024-Oct-1700-50-50
BRAZIL6.50%-2521-Mar-180-50-675-50
BULGARIA0.00%-129-Jan-16000-1
CANADA1.75%2524-Oct-18075500
CAPE VERDE3.50%-2516-Feb-150000
CEN. AFRICAN STS.2.95%5022-Mar-1700500
CHILE2.75%2518-Oct-18025-1000
CHINA4.35%-2523-Oct-150000
COLOMBIA4.25%-2527-Apr-180-50-275175
CONGO DEM. REP.14.00%-60010-Apr-180-6001300500
CROATIA2.50%-25020-Oct-150000
CZECH REPUBLIC1.75%251-Nov-180125450
DENMARK -0.65%107-Jan-1600010
DOMINICAN REP.5.50%2526-Jul-18025-2550
EAST. CARIBBEAN 6.50%-5018-Jul-130000
EGYPT16.75%-10029-Mar-180-200400550
EURO AREA0.00%-510-Mar-16000-5
FIJI0.50%02-Nov-110000
GAMBIA13.50%-15031-May-180-150-8000
GEORGIA7.00%-2525-Jul-180-2575-150
GHANA 17.00%-10021-May-180-300-550-50
HONDURAS5.50%-2515-Jun-16000-75
HONG KONG2.75%2519-Dec-1801007525
HUNGARY0.90%-1524-May-16000-45
ICELAND 4.50%257-Nov-18025-75-75
INDIA6.50%251-Aug-18050-25-50
INDONESIA 6.00%2515-Nov-180175-50-150
ISRAEL0.25%1526-Nov-1801500
JAMAICA 1.75%-2520-Dec-180-150-100-25
JAPAN 1)-0.10%-2029-Jan-16000-20
JORDAN4.75%2523-Dec-1801001250
KAZAKHSTAN9.25%2515-Oct-180-100-175-400
KENYA9.00%-5030-Jul-180-1000-150
KUWAIT3.00%2521-Mar-180252525
KYRGYZSTAN4.75%-2529-May-180-250-500
MACAU2.75%2521-Dec-180100750
MACEDONIA2.75%-2514-Aug-180-50-5050
MALAWI16.00%-20020-Dec-1700-800-300
MALAYSIA3.25%2525-Jan-180250-25
MAURITIUS3.50%-506-Sep-1700-50-40
MEXICO8.25%2520-Dec-180100150250
MOLDOVA6.50%-505-Dec-1700-250-1050
MONGOLIA11.00%10027-Nov-1800-300100
MOROCCO2.25%-2522-Mar-16000-25
MOZAMBIQUE14.25%-7513-Dec-180-525-3751,350
NAMIBIA6.75%-2513-Apr-1600-2550
NEW ZEALAND1.75%-2510-Nov-16000-75
NIGERIA14.00%20026-Jul-16000300
NORWAY0.75%2520-Sep-180250-25
PAKISTAN10.00%15030-Nov-1804250-25
PARAGUAY5.25%-2523-Aug-1700-25-25
PERU2.75%-258-Mar-180-50-10050
PHILIPPINES4.75%2515-Nov-1801750-100
POLAND1.50%-504-Mar-150000
QATAR5.00%2516-Mar-17002525
ROMANIA2.50%257-May-1807500
RUSSIA7.75%2514-Dec-1800-225-100
RWANDA5.50%-5028-Dec-1700-75-25
SAMOA0.14%-11-Jul-16000-1
SAUDI ARABIA3.00%2519-Dec-18010000
SERBIA3.00%-2512-Apr-180-50-50-50
SIERRA LEONE16.50%1503-Jul-180200350150
SOUTH AFRICA6.75%2522-Nov-1800-2575
SOUTH KOREA1.75%2530-Nov-1802525-25
SRI LANKA (deposit)8.00%7514-Nov-1807525100
SWAZILAND6.75%-2529-Mar-180-5025125
SWEDEN-0.25%2520-Dec-180250-15
SWITZERLAND-0.75%-5015-Jan-150000
TAIWAN1.375%-12.530-Jun-16000-25
TAJIKISTAN14.00%-7520-Mar-180-200500300
THAILAND1.75%2519-Dec-1802500
TRINIDAD & TOBAGO5.00%2529-Jun-1802500
TUNISIA6.75%10013-Jun-180175750
TURKEY24.00%62513-Sep-1801600050
UAE3.25%2519-Dec-1801007525
UGANDA10.00%1003-Oct-18050-250-500
UKRAINE18.00%506-Sep-18035050-800
UNITED KINGDOM0.75%252-Aug-1802525-25
URUGUAY 3)         -027-Jun-130000
USA2.50%2519-Dec-1801007525
UZBEKISTAN16.00%20022-Sep-1802005000
VIETNAM6.25%-257-Jul-1700-250
WEST AFRICAN STATES2.50%-254-Sep-130000
ZAMBIA9.75%-5021-Feb-180-50-5250

NOTES:
1: Rate on excess reserves
2. From Oct. 1 2018 Leliq rate fluctuates daily. Floor of 60.0% from Aug. 30 eliminated on Dec. 5 due to fall in inflation.
3: Extended M1 money aggregate (money held by the public plus demand deposits and savings accounts
2. From Oct. 1 2018 Leliq rate fluctuates daily. Floor of 60.0% from Aug. 30 eliminated on Dec. 5 due to fall in inflation.


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.