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 2021, 2020 2019.
   The SECOND SECTION shows changes year-to-date, starting with the Global Monetary Policy Rate (GMPR), or the average nominal rate of the 104 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 2021, 2020 and 2019.
   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 JANUARY 
COUNTRYRATECHANGEDATE2022202120202019
SOUTH AFRICA4.00%2527-Jan-222525-300-25
COSTA RICA1.75%5026-Jan-225050-200-250
CHILE5.50%15026-Jan-22150350-125-100
HUNGARY2.90%5025-Jan-2250180-300
KAZAKHSTAN10.25%5024-Jan-225075-250
PARAGUAY5.50%2521-Jan-2225450-325-125
UKRAINE10.00%10020-Jan-22100300-750-450
SRI LANKA (deposit)5.50%5020-Jan-2250.0050-250-100
CHINA3.70%-1020-Jan-22-10-5-30-16
SOUTH KOREA1.25%2514-Jan-222550-75-50
MOLDOVA8.50%2013-Jan-22200385-285-100
SOUTH SUDAN12.00%-30011-Jan-22-300000
ROMANIA2.00%2510-Jan-222525-1000
PERU3.00%506-Jan-2250225-200-50
ARGENTINA 40.00%2006-Jan-222000-1700-750
URUGUAY6.50%755-Jan-227512500
POLAND2.25%504-Jan-2250165-1400
CONGO, DEM. REP.7.50%-1002-Jan-22-100-1000950-500
CHANGES YEAR TO DATE:
COUNTRYRATECHANGEDATEYTD202120202019
GLOBAL (GMPR)5.58%727-Jan-227157765-16233-7276
ALBANIA0.50%-5025-Mar-200-500
ANGOLA20.00%4502-Jul-214500-100
ARGENTINA 40.00%2006-Jan-222000-1700-750
ARMENIA7.75%5014-Dec-21250-25-50
AUSTRALIA0.10%-153-Nov-200-65-75
AZERBAIJAN7.25%2517-Dec-21100-125-225
BAHAMAS4.00%-5022-Dec-16000
BAHRAIN1.00%-7516-Mar-200-125-50
BANGLADESH4.75%-5029-Jul-200-1250
BARBADOS2.00%-50030-Mar-200-5000
BELARUS9.25%7515-Jul-21150-125-100
BOTSWANA3.75%-508-Oct-200-100-25
BRAZIL9.25%1508-Dec-21725-250-200
BULGARIA0.00%-129-Jan-16000
CANADA0.25%-5027-Mar-200-1500
CAPE VERDE1.00%-45026-Mar-200-4500
CEN. AFRICAN STS.3.25%-2527-Mar-200-250
CHILE5.50%15026-Jan-22150350-125-100
CHINA3.70%-1020-Jan-22-10-5-30-16
COLOMBIA3.00%5017-Dec-21125-2500
CONGO, DEM. REP.7.50%-1002-Jan-22-100-1000950-500
COSTA RICA1.75%5026-Jan-225050-200-250
CROATIA2.50%-25020-Oct-15000
CZECH REPUBLIC3.75%10022-Dec-21350-17525
DENMARK -0.60%-1030-Sep-21015-10
DOMINICAN REP.4.50%10030-Dec-21150-150-100
EAST. CARIBBEAN 2.00%-4503-Apr-200-4500
EGYPT8.25%-5012-Nov-200-400-450
ESWATINI3.75%-2524-Jul-200-275-25
EURO AREA0.00%-510-Mar-16000
FIJI0.25%-2518-Mar-200-250
GAMBIA10.00%-20028-May-200-250-100
GEORGIA10.50%508-Dec-21250-100200
GHANA 14.50%10022-Nov-210-150-100
GUATEMALA1.75%-2525-Jun-200-1000
HONDURAS3.00%-7523-Nov-200-2500
HONG KONG0.86%-6416-Mar-200-114-75
HUNGARY2.90%5025-Jan-2250180-300
ICELAND 2.00%5017-Nov-21125-225-150
INDIA4.00%-4022-May-200-115-135
INDONESIA 3.50%-2518-Feb-21-25-125-100
ISRAEL0.10%-156-Apr-200-150
JAMAICA 2.50%5020-Dec-212000-125
JAPAN -0.10%-2029-Jan-16000
JORDAN2.50%-10016-Mar-200-150-75
KAZAKHSTAN10.25%5024-Jan-225075-250
KENYA7.00%-2529-Apr-200-150-50
KUWAIT1.50%-10016-Mar-200-125-25
KYRGYZSTAN8.00%5029-Nov-2130075-50
LESOTHO3.75%2522-Nov-2125-300-25
LIBERIA20.00%-50020-Aug-21-500-5000
MACAU0.86%-6416-Mar-200-114-75
MACEDONIA1.25%-2510-Mar-21-25-100-25
MALAWI12.00%-1506-Nov-200-150-250
MALAYSIA1.75%-257-Jul-200-125-25
MAURITIUS1.85%-10016-Apr-200-150-15
MEXICO5.50%5016-Dec-21125-300-100
MOLDOVA8.50%2013-Jan-22200385-285-100
MONGOLIA6.00%-20023-Nov-200-5000
MOROCCO1.50%-5016-Jun-200-750
MOZAMBIQUE13.25%30027-Jan-21300-250-150
MYANMAR7.00%-15027-Apr-200-3000
NAMIBIA3.75%-2519-Aug-200-275-25
NEW ZEALAND0.75%2524-Nov-2150-75-75
NIGERIA11.50%-10022-Sep-200-200-50
NORWAY0.50%2516-Dec-2150-15075
PAKISTAN9.75%10014-Dec-21275-625325
PAPUA NEW GUINEA3.00%-20030-Mar-200-200-225
PARAGUAY5.50%2521-Jan-2225450-325-125
PERU3.00%506-Jan-2250225-200-50
PHILIPPINES2.00%-2519-Nov-200-200-75
POLAND2.25%504-Jan-2250165-1400
QATAR2.50%-10016-Mar-200-175-75
ROMANIA2.00%2510-Jan-222525-1000
RUSSIA8.50%10017-Dec-21425-200-150
RWANDA4.50%-5030-Apr-200-50-50
SAMOA0.14%-11-Jul-16000
SAUDI ARABIA1.00%-7516-Mar-200-125-75
SERBIA1.00%-2510-Dec-200-125-75
SEYCHELLES2.00%-10030-Jun-21-100-200-50
SIERRA LEONE14.25%2524-Dec-2225-2500
SOUTH AFRICA4.00%2527-Jan-222525-300-25
SOUTH KOREA1.25%2514-Jan-222550-75-50
SOUTH SUDAN12.00%-30011-Jan-22-300000
SRI LANKA (deposit)5.50%5020-Jan-225050-250-100
SWEDEN0.00%2519-Dec-190025
SWITZERLAND-0.75%-5015-Jan-15000
TAIWAN1.125%-2519-Mar-200-250
TAJIKISTAN13.25%2522-Oct-21250-150-175
THAILAND0.50%-2520-May-200-75-50
TRINIDAD & TOBAGO3.50%-15017-Mar-200-1500
TUNISIA6.25%-5030-Sep-200-100100
TURKEY14.00%-10016-Dec-21-300500-1,200
UAE1.25%-7516-Mar-200-125-75
UGANDA6.50%-5016-Jun-21-50-200-100
UKRAINE10.00%10020-Jan-22100300-750-450
UNITED KINGDOM0.25%1516-Dec-2115-650
URUGUAY6.50%755-Jan-227512500
UNITED STATES0.25%-10015-Mar-200-150-75
UZBEKISTAN14.00%-10010-Sep-200-2000
VIETNAM4.00%-5030-Sep-200-200-25
WEST AFRICAN STATES2.00%-5022-Jun-200-500
ZAMBIA9.00%5024-Nov-21100-350175
ZIMBABWE60.00%200028-Oct-21250000

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.