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 JULY
COUNTRYRATECHANGEDATEYTD201920182017
HONDURAS3.75%-7531-Jul-20-175000
COLOMBIA2.25%-2531-Jul-20-2000-50-275
AZERBAIJAN6.75%-2530-Jul-20-75-225-5250
BANGLADESH4.75%-5029-Jul-20-1250-750
LESOTHO3.50%-2528-Jul-20-300-250-
TAJIKISTAN10.75%-10027-Jul-20-150-175-200500
ESWATINI3.75%-2524-Jul-20-275-25-5025
RUSSIA4.25%-2524-Jul-20-200-1500-225
SOUTH AFRICA3.50%-2523-Jul-20-300-250-25
HUNGARY0.60%-1521-Jul-20-30000
KAZAKHSTAN9.00%-5020-Jul-20-250-100-175
INDONESIA 4.00%-2516-Jul-20-100-100175-50
SRI LANKA (deposit)4.50%-1009-Jul-20-250-1007525
MALAYSIA1.75%-257-Jul-20-125-25250
CHANGES YEAR TO DATE:
COUNTRYRATECHANGEDATEYTD 201920182017
GLOBAL (GMPR)4.14%-15528-Apr-20-15883-70514340-1,980
ALBANIA0.50%-5025-Mar-20-500-250
ANGOLA15.50%-2524-May-190-100-150200
ARGENTINA 38.00%-2005-Mar-20-1700-7503125400
ARMENIA4.50%-5016-Jun-20-100-500-25
AUSTRALIA0.25%-2519-Mar-20-50-7500
AZERBAIJAN6.75%-2530-Jul-20-75-225-5250
BAHAMAS4.00%-5022-Dec-160000
BAHRAIN1.00%-7516-Mar-20-125-5010075
BANGLADESH4.75%-5029-Jul-20-1250-750
BARBADOS2.00%-50030-Mar-20-500000
BELARUS7.75%-2522-Jun-20-125-100-100-700
BOTSWANA4.25%-5030-Apr-20-50-250-50
BRAZIL2.25%-7517-Jun-20-225-200-50-675
BULGARIA0.00%-129-Jan-160000
CANADA0.25%-5027-Mar-20-15007550
CAPE VERDE1.00%-45026-Mar-20-450000
CEN. AFRICAN STS.3.25%-2527-Mar-20-250050
CHILE0.50%-5031-Mar-20-125-10025-100
CHINA3.85%-2020-Apr-20-30-1600
COLOMBIA2.25%-2531-Jul-20-2000-50-275
CONGO, DEM. REP.7.50%-15024-Mar-20-150-500-6001300
COSTA RICA0.75%-5017-Jun-20-200-25000
CROATIA2.50%-25020-Oct-150000
CZECH REPUBLIC0.25%-757-May-20-1752512545
DENMARK -0.60%1519-Mar-2015-1000
DOMINICAN REP.3.50%-10018-Mar-20-100-10025-25
EAST. CARIBBEAN 2.00%-4503-Apr-20-450000
EGYPT9.25%-30016-Mar-20-300-450-200400
ESWATINI3.75%-2524-Jul-20-275-25-5025
EURO AREA0.00%-510-Mar-160000
FIJI0.25%-2518-Mar-20-25000
GAMBIA10.00%-20028-May-20-250-100-150-800
GEORGIA8.25%-2524-Jun-20-75200-2575
GHANA 14.50%-15018-Mar-20-150-100-300-550
GUATEMALA1.75%-2525-Jun-20-100000
HONDURAS3.75%-7531-Jul-20-175000
HONG KONG0.86%-6416-Mar-20-114-7510075
HUNGARY0.60%-1521-Jul-20-30000
ICELAND 1.00%-7520-May-20-200-15025-75
INDIA4.00%-4022-May-20-115-13550-25
INDONESIA 4.00%-2516-Jul-20-100-100175-50
ISRAEL0.10%-156-Apr-20-150150
JAMAICA 0.50%-2527-Aug-190-125-150-100
JAPAN -0.10%-2029-Jan-160000
JORDAN2.50%-10016-Mar-20-150-75100125
KAZAKHSTAN9.00%-5020-Jul-20-250-100-175
KENYA7.00%-2529-Apr-20-150-50-1000
KUWAIT1.50%-10016-Mar-20-125-252525
KYRGYZSTAN5.00%7524-Feb-2075-50-250
LESOTHO3.50%-2528-Jul-20-300-250-
MACAU0.86%-6416-Mar-20-114-7510075
MACEDONIA1.50%-2513-May-20-75-25-75-50
MALAWI13.50%-1003-May-190-2500-800
MALAYSIA1.75%-257-Jul-20-125-25250
MAURITIUS1.85%-10016-Apr-20-150-150-50
MEXICO5.00%-5025-Jun-20-225-100100150
MOLDOVA3.25%-12520-Mar-20-225-1000-250
MONGOLIA9.00%-10013-Apr-20-20000-300
MOROCCO1.50%-5016-Jun-20-75000
MOZAMBIQUE10.25%-10017-Jun-20-250-150-525-375
MYANMAR7.50%-10027-Apr-20-250000
NAMIBIA4.00%-2517-Jun-20-250-250-25
NEW ZEALAND0.25%-7516-Mar-20-75-7500
NIGERIA12.50%-10028-May-20-100-5000
NORWAY0.00%-257-May-20-15075250
PAKISTAN7.00%-10025-Jun-20-6253254250
PARAGUAY0.75%-5022-Jun-20-325-1250-25
PERU0.25%-10016-Apr-20-200-50-50-100
PHILIPPINES2.25%-5025-Jun-20-175-751750
POLAND0.10%-4028-May-20-140000
QATAR2.50%-10016-Mar-20-175-75025
ROMANIA1.75%-2529-May-20-750750
RUSSIA4.25%-2524-Jul-20-200-1500-225
RWANDA4.50%-5030-Apr-20-50-500-75
SAMOA0.14%-11-Jul-160000
SAUDI ARABIA1.00%-7516-Mar-20-125-751000
SERBIA1.25%-2511-Jun-20-100-75-50-50
SEYCHELLES3.00%-10021-Jun-20-200-5000
SIERRA LEONE15.00%-15018-Mar-20-1500200350
SOUTH AFRICA3.50%-2523-Jul-20-300-250-25
SOUTH KOREA0.50%-2528-May-20-75-502525
SRI LANKA (deposit)4.50%-1009-Jul-20-250-1007525
SWEDEN0.00%2519-Dec-19025250
SWITZERLAND-0.75%-5015-Jan-150000
TAIWAN1.125%-2519-Mar-20-25000
TAJIKISTAN10.75%-10027-Jul-20-150-175-200500
THAILAND0.50%-2520-May-20-75-50250
TRINIDAD & TOBAGO3.50%-15017-Mar-20-1500250
TUNISIA6.75%-10017-Mar-20-10010017575
TURKEY8.25%-5021-May-20-375-1,20016000
UAE1.25%-7516-Mar-20-125-7510075
UGANDA7.00%-1008-Jun-20-200-10050-250
UKRAINE6.00%-20011-Jun-20-750-45035050
UNITED KINGDOM0.10%-1519-Mar-20-6502525
URUGUAY         -027-Jun-130000
USA0.25%-10015-Mar-20-150-7510075
UZBEKISTAN15.00%-10015-Apr-20-1000200500
VIETNAM4.50%-5013-May-20-150-250-25
WEST AFRICAN STATES2.00%-5022-Jun-20-50000
ZAMBIA9.25%-22520-May-20-225175-50-525

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.

Policy Review
Central Bank News publishes review of the latest developments in global monetary policy and it can can be accessed under the website's Latest News pages or by searching for "Policy Review" in the website's search tool.  For examples of reviews, please see:

After 103 corona interest rate cuts in Q1, what now?


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.