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 2019, 2018 and 2017.
   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 year-to-date, and the date for the latest change. This is followed by the total change in GMPR in basis points in 2019, 2018 and 2017.
   For timely updates on monetary policy, connect to Central Bank News through Twitter or Facebook. Central Bank News also produces an inflation target table.


CHANGES IN MARCH 
COUNTRYRATECHANGEDATEYTD201920182017
BARBADOS2.00%-50030-Mar-20-500000
COLOMBIA3.75%-2527-Mar-20-750-50-275
CANADA0.25%-5027-Mar-20-15007550
INDIA4.40%-7527-Mar-20-75-13550-25
CZECH REPUBLIC1.00%-7526-Mar-20-1002512545
ALBANIA0.50%-5025-Mar-20-500-250
CONGO, DEM. REP.7.50%-15024-Mar-20-150-500-6001300
PAKISTAN11.00%-15024-Mar-20-2253254250
BANGLADESH5.75%-2524-Mar-20-250-750
LESOTHO5.25%-10023-Mar-20-125-250-
SEYCHELLES4.00%-10023-Mar-20-100-5000
KENYA7.25%-10023-Mar-20-125-50-1000
ESWATINI5.50%-10020-Mar-20-100-25-5025
MEXICO6.50%-5020-Mar-20-75-100100150
MOLDOVA3.25%-12520-Mar-20-225-1000-250
ROMANIA2.00%-5020-Mar-20-500750
NAMIBIA5.25%-10020-Mar-20-125-250-25
THAILAND0.75%-2520-Mar-20-50-50250
HONDURAS4.50%-7519-Mar-20-100000
NORWAY0.25%-7519-Mar-20-12575250
DENMARK -0.60%1519-Mar-2015-1000
UNITED KINGDOM0.10%-1519-Mar-20-6502525
SOUTH AFRICA5.25%-10019-Mar-20-125-250-25
AUSTRALIA0.25%-2519-Mar-20-50-7500
PHILIPPINES3.25%-5019-Mar-20-75-751750
INDONESIA 4.50%-2519-Mar-20-50-100175-50
TAIWAN1.125%-2519-Mar-20-25000
DOMINICAN REP.3.50%-10018-Mar-20-100-10025-25
BRAZIL3.75%-5018-Mar-20-75-200-50-675
SIERRA LEONE15.00%-15018-Mar-20-1500200350
GHANA 14.50%-15018-Mar-20-150-100-300-550
ICELAND 1.75%-5018-Mar-20-125-15025-75
FIJI0.25%-2518-Mar-20-25000
TRINIDAD & TOBAGO3.50%-15017-Mar-20-1500250
POLAND1.00%-5017-Mar-20-50000
VIETNAM5.00%-10017-Mar-20-100-250-25
MOROCCO2.00%-2517-Mar-20-25000
TUNISIA6.75%-10017-Mar-20-10010017575
PAKISTAN12.50%-7517-Mar-20-753254250
TURKEY9.75%-10017-Mar-20-225-1,20016000
ARMENIA5.25%-2517-Mar-20-25-500-25
PARAGUAY3.25%-5016-Mar-20-75-1250-25
COSTA RICA1.25%-10016-Mar-20-150-25000
JORDAN2.50%-10016-Mar-20-150-75100125
CHILE1.00%-7516-Mar-20-75-10025-100
EGYPT9.25%-30016-Mar-20-300-450-200400
UAE1.25%-7516-Mar-20-125-7510075
SAUDI ARABIA1.00%-7516-Mar-20-125-751000
CZECH REPUBLIC1.75%-5016-Mar-20-252512545
BAHRAIN1.00%-7516-Mar-20-125-5010075
QATAR2.50%-10016-Mar-20-175-75025
KUWAIT1.50%-10016-Mar-20-125-252525
SRI LANKA (deposit)6.25%-2516-Mar-20-75-1007525
SOUTH KOREA0.75%-5016-Mar-20-50-502525
MACAU0.86%-6416-Mar-20-114-7510075
HONG KONG0.86%-6416-Mar-20-114-7510075
NEW ZEALAND0.25%-7516-Mar-20-75-7500
USA0.25%-10015-Mar-20-150-7510075
PARAGUAY3.75%-2513-Mar-20-25-1250-25
CANADA0.75%-5013-Mar-20-10007550
NORWAY1.00%-5013-Mar-20-5075250
UKRAINE10.00%-10012-Mar-20-350-45035050
MONGOLIA10.00%-10011-Mar-20-10000-300
SERBIA1.75%-5011-Mar-20-50-75-50-50
ICELAND 2.25%-5011-Mar-20-75-15025-75
UNITED KINGDOM0.25%-5011-Mar-20-5002525
MAURITIUS2.85%-5010-Mar-20-50-150-50
KAZAKHSTAN12.00%27510-Mar-202750-100-175
ARGENTINA 38.00%-2005-Mar-20-1700-7503125400
CANADA1.25%-504-Mar-20-5007550
MOLDOVA4.50%-1004-Mar-20-100-1000-250
JORDAN3.50%-504-Mar-20-50-75100125
KUWAIT2.50%-254-Mar-20-25-252525
QATAR3.75%-754-Mar-20-75-75025
MACAU1.50%-504-Mar-20-50-7510075
HONG KONG1.50%-504-Mar-20-50-7510075
UAE2.00%-503-Mar-20-50-7510075
BAHRAIN1.75%-503-Mar-20-50-5010075
SAUDI ARABIA1.75%-503-Mar-20-50-751000
USA1.25%-503-Mar-20-50-7510075
MALAYSIA2.50%-253-Mar-20-50-25250
AUSTRALIA0.50%-253-Mar-20-25-7500
CHANGES YEAR TO DATE:
COUNTRYRATECHANGEDATEYTD 201920182017
GLOBAL (GMPR)4.85%-8420-Mar-208288-70514340-1,980
ALBANIA0.50%-5025-Mar-20-500-250
ANGOLA15.50%-2524-May-190-100-150200
ARGENTINA 38.00%-2005-Mar-20-1700-7503125400
ARMENIA5.25%-2517-Mar-20-25-500-25
AUSTRALIA0.25%-2519-Mar-20-50-7500
AZERBAIJAN7.25%-2531-Jan-20-25-225-5250
BAHAMAS4.00%-5022-Dec-160000
BAHRAIN1.00%-7516-Mar-20-125-5010075
BANGLADESH5.75%-2524-Mar-20-250-750
BARBADOS2.00%-50030-Mar-500000
BELARUS8.75%-2512-Feb-20-25-100-100-700
BOTSWANA4.75%-2529-Aug-190-250-50
BRAZIL3.75%-5018-Mar-20-75-200-50-675
BULGARIA0.00%-129-Jan-160000
CANADA0.25%-5027-Mar-20-15007550
CAPE VERDE3.50%-2516-Feb-150000
CEN. AFRICAN STS.2.95%5022-Mar-1700050
CHILE1.00%-7516-Mar-20-75-10025-100
CHINA4.05%-1020-Feb-20-10-1600
COLOMBIA3.75%-2527-Mar-20-750-50-275
CONGO, DEM. REP.7.50%-15024-Mar-20-150-500-6001300
COSTA RICA1.25%-10016-Mar-20-150-25000
CROATIA2.50%-25020-Oct-150000
CZECH REPUBLIC1.00%-7526-Mar-20-1002512545
DENMARK -0.60%1519-Mar-2015-1000
DOMINICAN REP.3.50%-10018-Mar-20-100-10025-25
EAST. CARIBBEAN 6.50%-5018-Jul-130000
EGYPT9.25%-30016-Mar-20-300-450-200400
ESWATINI5.50%-10020-Mar-20-100-25-5025
EURO AREA0.00%-510-Mar-160000
FIJI0.25%-2518-Mar-20-25000
GAMBIA12.00%-5028-Feb-20-50-100-150-800
GEORGIA9.00%5011-Dec-190200-2575
GHANA 14.50%-15018-Mar-20-150-100-300-550
HONDURAS4.50%-7519-Mar-20-100000
HONG KONG0.86%-6416-Mar-20-114-7510075
HUNGARY0.90%-1524-May-160000
ICELAND 1.75%-5018-Mar-20-125-15025-75
INDIA4.40%-7527-Mar-20-75-13550-25
INDONESIA 4.50%-2519-Mar-20-50-100175-50
ISRAEL0.25%1526-Nov-1800150
JAMAICA 0.50%-2527-Aug-190-125-150-100
JAPAN -0.10%-2029-Jan-160000
JORDAN2.50%-10016-Mar-20-150-75100125
KAZAKHSTAN12.00%27510-Mar-202750-100-175
KENYA7.25%-10023-Mar-20-125-50-1000
KUWAIT1.50%-10016-Mar-20-125-252525
KYRGYZSTAN5.00%7524-Feb-2075-50-250
LESOTHO5.25%-10023-Mar-20-125-250-
MACAU0.86%-6416-Mar-20-114-7510075
MACEDONIA2.00%-2515-Jan-20-25-25-75-50
MALAWI13.50%-1003-May-190-2500-800
MALAYSIA2.50%-253-Mar-20-50-25250
MAURITIUS2.85%-5010-Mar-20-50-150-50
MEXICO6.50%-5020-Mar-20-75-100100150
MOLDOVA3.25%-12520-Mar-20-225-1000-250
MONGOLIA10.00%-10011-Mar-20-10000-300
MOROCCO2.00%-2517-Mar-20-25000
MOZAMBIQUE12.75%-5014-Aug-190-150-525-375
NAMIBIA5.25%-10020-Mar-20-125-250-25
NEW ZEALAND0.25%-7516-Mar-20-75-7500
NIGERIA13.50%-5026-Mar-190-5000
NORWAY0.25%-7519-Mar-20-12575250
PAKISTAN11.00%-15024-Mar-20-2253254250
PARAGUAY3.25%-5016-Mar-20-75-1250-25
PERU2.25%-257-Nov-190-50-50-100
PHILIPPINES3.25%-5019-Mar-20-75-751750
POLAND1.00%-5017-Mar-20-50000
QATAR2.50%-10016-Mar-20-175-75025
ROMANIA2.00%-5020-Mar-20-500750
RUSSIA6.00%-257-Feb-20-25-1500-225
RWANDA5.00%-506-May-190-500-75
SAMOA0.14%-11-Jul-160000
SAUDI ARABIA1.00%-7516-Mar-20-125-751000
SERBIA1.75%-5011-Mar-20-50-75-50-50
SEYCHELLES4.00%-10023-Mar-20-100-5000
SIERRA LEONE15.00%-15018-Mar-20-1500200350
SOUTH AFRICA5.25%-10019-Mar-20-125-250-25
SOUTH KOREA0.75%-5016-Mar-20-50-502525
SRI LANKA (deposit)6.25%-2516-Mar-20-75-1007525
SWEDEN0.00%2519-Dec-19025250
SWITZERLAND-0.75%-5015-Jan-150000
TAIWAN1.125%-2519-Mar-20-25000
TAJIKISTAN12.75%5028-Jan-2050-175-200500
THAILAND0.75%-2520-Mar-20-50-50250
TRINIDAD & TOBAGO3.50%-15017-Mar-20-1500250
TUNISIA6.75%-10017-Mar-20-10010017575
TURKEY9.75%-10017-Mar-20-225-1,20016000
UAE1.25%-7516-Mar-20-125-7510075
UGANDA9.00%-1007-Oct-190-10050-250
UKRAINE10.00%-10012-Mar-20-350-45035050
UNITED KINGDOM0.10%-1519-Mar-20-6502525
URUGUAY         -027-Jun-130000
USA0.25%-10015-Mar-20-150-7510075
UZBEKISTAN16.00%20022-Sep-1800200500
VIETNAM5.00%-10017-Mar-20-100-250-25
WEST AFRICAN STATES2.50%-254-Sep-130000
ZAMBIA11.50%12520-Nov-190175-50-525





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.