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 2020, 2019 and 2018.
   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 2020, 2019 and 2018.
   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 FEBRUARY
COUNTRYRATECHANGEDATEYTD202020192018
KYRGYZSTAN5.50%5024-Feb-205075-50-25
ZIMBABWE40.00%50018-Feb-21500000
INDONESIA 3.50%-2518-Feb-21-25-125-100175
ZAMBIA8.50%5017-Feb-2150-350175-50
MEXICO4.00%-2511-Feb-21-25-300-100100
TAJIKISTAN11.00%255-Feb-2125-150-175-200
ARMENIA5.50%252-Feb-2125-25-500
CHANGES YEAR TO DATE:
COUNTRYRATECHANGEDATEYTD 202020192018
GLOBAL (GMPR)4.85%6724-Feb-21875-16233-72764340
ALBANIA0.50%-5025-Mar-200-500-25
ANGOLA15.50%-2524-May-1900-100-150
ARGENTINA 38.00%20012-Nov-200-1700-7503125
ARMENIA5.50%252-Feb-2125-25-500
AUSTRALIA0.10%-153-Nov-200-65-750
AZERBAIJAN6.25%-2518-Dec-200-125-225-525
BAHAMAS4.00%-5022-Dec-160000
BAHRAIN1.00%-7516-Mar-200-125-50100
BANGLADESH4.75%-5029-Jul-200-1250-75
BARBADOS2.00%-50030-Mar-200-50000
BELARUS7.75%-2522-Jun-200-125-100-100
BOTSWANA3.75%-508-Oct-200-100-250
BRAZIL2.00%-255-Aug-200-250-200-50
BULGARIA0.00%-129-Jan-160000
CANADA0.25%-5027-Mar-200-150075
CAPE VERDE1.00%-45026-Mar-200-45000
CEN. AFRICAN STS.3.25%-2527-Mar-200-2500
CHILE0.50%-5031-Mar-200-125-10025
CHINA3.85%-2020-Apr-200-30-160
COLOMBIA1.75%-2525-Sep-200-2500-50
CONGO, DEM. REP.18.50%110014-Aug-200950-500-600
COSTA RICA0.75%-5017-Jun-200-200-2500
CROATIA2.50%-25020-Oct-150000
CZECH REPUBLIC0.25%-757-May-200-17525125
DENMARK -0.60%1519-Mar-20015-100
DOMINICAN REP.3.00%-5031-Aug-200-150-10025
EAST. CARIBBEAN 2.00%-4503-Apr-200-45000
EGYPT8.25%-5012-Nov-200-400-450-200
ESWATINI3.75%-2524-Jul-200-275-25-50
EURO AREA0.00%-510-Mar-160000
FIJI0.25%-2518-Mar-200-2500
GAMBIA10.00%-20028-May-200-250-100-150
GEORGIA8.00%-255-Aug-200-100200-25
GHANA 14.50%-15018-Mar-200-150-100-300
GUATEMALA1.75%-2525-Jun-200-10000
HONDURAS3.00%-7523-Nov-200-25000
HONG KONG0.86%-6416-Mar-200-114-75100
HUNGARY0.60%-1521-Jul-200-3000
ICELAND 0.75%-2518-Nov-200-225-15025
INDIA4.00%-4022-May-200-115-13550
INDONESIA 3.50%-2518-Feb-21-25-125-100175
ISRAEL0.10%-156-Apr-200-15015
JAMAICA 0.50%-2527-Aug-1900-125-150
JAPAN -0.10%-2029-Jan-160000
JORDAN2.50%-10016-Mar-200-150-75100
KAZAKHSTAN9.00%-5020-Jul-200-250-100
KENYA7.00%-2529-Apr-200-150-50-100
KUWAIT1.50%-10016-Mar-200-125-2525
KYRGYZSTAN5.50%5024-Feb-205075-50-25
LESOTHO3.50%-2528-Jul-200-300-250
LIBERIA25.00%-50029-May-200-50000
MACAU0.86%-6416-Mar-200-114-75100
MACEDONIA1.50%-2513-May-200-75-25-75
MALAWI12.00%-1506-Nov-200-150-2500
MALAYSIA1.75%-257-Jul-200-125-2525
MAURITIUS1.85%-10016-Apr-200-150-150
MEXICO4.00%-2511-Feb-21-25-300-100100
MOLDOVA2.65%-106-Nov-200-285-1000
MONGOLIA6.00%-20023-Nov-200-50000
MOROCCO1.50%-5016-Jun-200-7500
MOZAMBIQUE13.25%30027-Jan-21300-250-150-525
MYANMAR7.00%-15027-Apr-200-30000
NAMIBIA3.75%-2519-Aug-200-275-250
NEW ZEALAND0.25%-7516-Mar-200-75-750
NIGERIA11.50%-10022-Sep-200-200-500
NORWAY0.00%-257-May-200-1507525
PAKISTAN7.00%-10025-Jun-200-625325425
PAPUA NEW GUINEA3.00%-20030-Mar-200-200-2250
PARAGUAY0.75%-5022-Jun-200-325-1250
PERU0.25%-10016-Apr-200-200-50-50
PHILIPPINES2.00%-2519-Nov-200-200-75175
POLAND0.10%-4028-May-200-14000
QATAR2.50%-10016-Mar-200-175-750
ROMANIA1.25%-2515-Jan-21-25-100075
RUSSIA4.25%-2524-Jul-200-200-1500
RWANDA4.50%-5030-Apr-200-50-500
SAMOA0.14%-11-Jul-160000
SAUDI ARABIA1.00%-7516-Mar-200-125-75100
SERBIA1.00%-2510-Dec-200-125-75-50
SEYCHELLES3.00%-10021-Jun-200-200-500
SIERRA LEONE14.00%-10017-Dec-210-2500200
SOUTH AFRICA3.50%-2523-Jul-200-300-250
SOUTH KOREA0.50%-2528-May-200-75-5025
SOUTH SUDAN15.00%5006-Nov-200000
SRI LANKA (deposit)4.50%-1009-Jul-200-250-10075
SWEDEN0.00%2519-Dec-19002525
SWITZERLAND-0.75%-5015-Jan-150000
TAIWAN1.125%-2519-Mar-200-2500
TAJIKISTAN11.00%255-Feb-2125-150-175-200
THAILAND0.50%-2520-May-200-75-5025
TRINIDAD & TOBAGO3.50%-15017-Mar-200-150025
TUNISIA6.25%-5030-Sep-210-100100175
TURKEY17.00%20024-Dec-200500-1,2001600
UAE1.25%-7516-Mar-200-125-75100
UGANDA7.00%-1008-Jun-200-200-10050
UKRAINE6.00%-20011-Jun-200-750-450350
UNITED KINGDOM0.10%-1519-Mar-200-65025
URUGUAY4.50%03-Sep-200000
USA0.25%-10015-Mar-200-150-75100
UZBEKISTAN14.00%-10010-Sep-200-2000200
VIETNAM4.00%-5030-Sep-200-200-250
WEST AFRICAN STATES2.00%-5022-Jun-200-5000
ZAMBIA8.50%5017-Feb-2150-350175-50
ZIMBABWE40.00%50018-Feb-21500000

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.