Central Bank 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.
    The FIRST ROW of the table shows the Global Monetary Policy Rate (GMPR): The average nominal rate of the 90 central banks covered by Central Bank News. Central Bank News also publishes a weekly and monthly review of policy rate changes. (See below for details)
    The first row in the table also includes global year-to-date net change in basis points, and the total net change in 2012 and 2011.
    The RATE column shows the current policy rate of each central bank, the CHANGE column shows the latest rate change, the DATE column shows the date of the last rate change and the YTD column shows the net change in interest rates in basis points, year-to-date. The 2012 and 2011 columns show the total net change in rates for that year, in basis points, for each central bank.
   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 THIS MONTH:
COUNTRY     RATE    CHANGE          DATE    YTD  2013 2012 2011
UKRAINE 9.50% 300 14-Apr-14 300 -100 0 0
BRAZIL 11.00% 25 2-Apr-14 100 275 -375 25
CHANGES YEAR TO DATE:
COUNTRY     RATE    CHANGE       DATE    YTD  2013 2012 2011
GLOBAL (GMPR) 5.57% 1317 -4326 -6475 7441.5
ALBANIA 2.75% -25 26-Feb-14 -25 -100 -75 -25
ANGOLA 9.25% -50 25-Nov-13 0 -100 -25 0
ARGENTINA 9.00% 0 0 0 0
ARMENIA 7.50% -25 11-Feb-14 -25 -25 0 75
AUSTRALIA 2.50% -25 6-Aug-13 0 -50 -125 -50
AZERBAIJAN 4.75% -25 8-Feb-13 0 -25 -25 225
BAHAMAS 4.50% 0 0 0 -75
BAHRAIN 0.50% 0 0 0 0
BANGLADESH 7.75% 0 0 0 50
BARBADOS          - 0 0 0 0
BELARUS 23.50% -150 10-Jun-13 0 -650 -1500 3450
BOTSWANA 7.50% -50 10-Dec-13 0 -200 0 0
BRAZIL 11.00% 25 2-Apr-14 100 275 -375 25
BULGARIA 0.04% 2 31-Jan-14 2 -1 -19 4
CANADA 1.00% 8-Sep-10 0 0 0 0
CAPE VERDE 4.25% -150 27-Feb-14 -150 0 -150 0
CEN. AFRICAN STS. 3.25% 0 0              -              -
CHILE 4.00% -25 13-Mar-14 -50 -50 -25 200
CHINA 6.00% 6-Jul-12 0 0 -56 75
COLOMBIA 3.25% -50 22-Mar-13 0 -100 -50 175
CONGO DEM. REP. 2.00% -100 8-Nov-13 0 -100              -              -
CROATIA 5.00% -125 28-Nov-13 0 -125 0 0
CZECH REPUBLIC 0.05% 0 0 -70 0
DENMARK 0.20% -10 2-May-13 0 0 -50 -35
DOMINICAN REPL. 6.25% 200 28-Aug-13 0 125 -175 100
EGYPT 8.25% -50 5-Dec-13 0 -100 0 100
EURO AREA 0.25% -25 7-Nov-13 0 -50 -25 0
FIJI 0.50% 0 0 0 -150
GAMBIA 20.00% 200 31-Jan-14 200 600 -200 -100
GEORGIA 4.00% 25 12-Feb-14 25 -150 -150 -50
GHANA 18.00% 200 6-Feb-14 200 100 250 -100
HONG KONG 0.50% 0 0 0 0
HUNGARY 2.60% -10 25-Mar-14 -40 -275 -125 125
ICELAND 6.00% 0 0 125 25
INDIA 8.00% 25 27-Jan-14 25 -25 -50 225
INDONESIA 7.50% 25 12-Nov-13 0 175 -25 -50
ISRAEL 0.75% -25 24-Feb-14 -25 -75 -100 75
JAMAICA 5.75% -50 22-Feb-13 0 -50 0 -50
JAPAN          - 4-Apr-13 0 0 0 0
JORDAN 4.25% -25 20-Jan-14 -25 -50 50 25
KAZAKHSTAN 5.50% 0 0 -200 50
KENYA 8.50% -100 7-May-13 0 -250 -700 1200
KUWAIT 2.00% 0 0 -50 0
MACEDONIA 3.25% -25 10-Jul-13 0 -50 0 -25
MALAWI 25.00% 0 0 1200 0
MALAYSIA 3.00% 0 0 0 25
MAURITIUS 4.65% -25 17-Jun-13 0 -25 -50 65
MEXICO 3.50% -25 25-Oct-13 0 -100 0 0
MOLDOVA 3.50% -100 25-Apr-13 0 -100 -400 0
MONGOLIA 10.50% -100 25-Jun-13 0 -275 -100 125
MOROCCO 3.00% 0 0 -25 0
MOZAMBIQUE 8.25% -50 16-Oct-13 0 -125 -550 -50
NAMIBIA 5.50% 0 0 -50 0
NEW ZEALAND 2.75% 25 13-Mar-14 25 0 0 -50
NIGERIA 12.00% 0 0 0 550
NORWAY 1.50% -25 14-Mar-12 0 0 -25 -25
PAKISTAN 10.00% 50 13-Nov-13 0 50 -250 -200
PERU 4.00% -25 7-Nov-13 0 -25 0 125
PHILIPPINES 3.50% 0 0 -100 50
POLAND 2.50% -25 3-Jul-13 0 -175 -50 100
QATAR 4.50% 0 0 0 -105
ROMANIA 3.50% -25 4-Feb-14 -50 -125 -75 -25
RUSSIA (new rate Sept. '13) 7.00% 150 3-Mar-14 150 0 25 25
RWANDA 7.00% -50 18-Jun-13 0 -50 50 100
SAMOA 5.00% 0 0 0 0
SAUDI ARABIA 2.00% 0 0 0 0
SERBIA 9.50% -50 17-Dec-13 0 -175 150 -175
SIERRA LEONE 10.00% -200 9-Dec-13 0 -1000 0 -300
SOUTH AFRICA 5.50% 50 29-Jan-14 50 0 -50 0
SOUTH KOREA 2.50% -25 9-May-13 0 -25 -50 75
SRI LANKA 6.50% -50 14-Oct-13 0 -100 50 0
SWEDEN 0.75% -25 17-Dec-13 0 -25 -75 50
SWITZERLAND 0.25% -50 3-Aug-11 0 0 0 -50
TAIWAN 1.88% 0 0 0 37.5
TAJIKISTAN 4.80% -70 13-Jan-14 -70 -100 -330 75
THAILAND 2.00% -25 12-Mar-14 -25 -50 -50 125
TRINIDAD & TOBAGO 2.75% 0 0 -25 -50
TUNISIA 4.50% 50 26-Dec-13 0 75 25 -100
TURKEY 10.00% 550 28-Jan-14 550 -100 -25 -75
UAE 1.00% 0 0 0 0
UGANDA 11.50% -50 3-Dec-13 0 -50 -1100 1000
UKRAINE 9.50% 300 14-Apr-14 300 -100 0 0
UNITED KINGDOM 0.50% 5-Mar-09 0 0 0 0
URUGUAY          - 27-Jun-13 0 0 50 225
USA 0.25% 16-Dec-08 0 0 0 0
UZBEKISTAN 10.00% -200 27-Dec-13 0 -200 0 -200
VIETNAM 6.50% -50 17-Mar-14 -50 -200 -600 600
W. AFRICAN STATES 3.50% -25 4-Sep-13 0 -50 -25 0
ZAMBIA 12.00% 175 28-Mar-14 225 50 25             -

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 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 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 shortly.



Central Bank Required Reserve Ratios
Many central banks set a minimum required reserve ratio as a means of determining how much reserves commercial banks must set aside (rather than lend out) in relation to their deposit base. For more on required reserve ratios visit the central banking and monetary policy terminology section of the central bank information page.
The table below, which was last updated on October 31, 2011, is currently being revised and updated.

Central Bank News Global Required Reserve Ratios Table


Country
Central Bank
Current Level
Angola
Banco Nacional de Angola
20.00%
Bangladesh
Bangladesh Bank
6.00%
Brazil
Banco Central do Brasil
20.00%
Bulgaria
Bulgarian National Bank
10.00%
Burundi
Bank of the Republic of Burundi
8.50%
Chile
Central Bank of Chile
4.50%
China
People's Bank of China
20.50%
Costa Rica
Central Bank of Costa Rica
15.00%
Croatia
Croatian National Bank
13.50%
Czech Republic
Czech National Bank
2.00%
Eurozone
European Central Bank
2.00%
Gambia
Central Bank of The Gambia
12.00%
Ghana
Bank of Ghana
9.00%
Hong Kong
Hong Kong Monetary Authority
18.00%
Hungary
Magyar Nemzeti Bank
2.00%
India
Reserve Bank of India
4.00%
Israel
Bank of Israel
9.00%
Jordan
Central Bank of Jordan
8.00%
Latvia
Latvijas Banka
3.00%
Lebanon
Central Bank of Lebanon
30.00%
Lithuania
Bank of Lithuania
6.00%
Malawi
Reserve Bank of Malawi
15.00%
Malaysia
Bank Negara Malaysia
4.00%
Mauritius
Central Bank of Mauritius
7.00%
Mexico
Banco de Mexico
10.50%
Mongolia
Bank of Mongolia
11.00%
Mozambique
Bank of Mozambique
8.00%
Pakistan
State Bank of Pakistan
5.00%
Philippines
Bangko Sentral ng Pilipinas
21.00%
Poland
National Bank of Poland
3.00%
Russia
Bank Rossii
4.00%
Serbia
National Bank of Serbia
5.00%
South Africa
South African Reserve Bank
2.50%
Sri Lanka
Central Bank of Sri Lanka
8.00%
Suriname
Central Bank of Suriname
25.00%
Switzerland
Swiss National Bank
2.50%
Taiwan
Central Bank of the Republic of China
10.75%
Tajikistan
National Bank of Tajikistan
20.00%
Turkey
Central Bank of the Republic of Turkey
16.00%
Uruguay
Banco Cental Del Uruguay
20.00%
Zambia
Bank of Zambia
8.00%



CentralBankNews.info makes every effort to ensure accuracy of the 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 to make please contact us. You may replicate the table above in full but under the strict condition that you cite CentralBankNews.info as the source, and if online, provide a link back to www.centralbanknews.info

Last Updated: 31 October 2011