List of countries by central bank interest rates

This is a list of countries by annualized interest rate set by the central bank for charging commercial, depository banks for loans to meet temporary shortages of funds.

List

Country or currency union	Central bank interest rate (%)	Date of last change	Average inflation rate 2013-2017 (%) by WB and IMF[1][2] as in the List	Central bank interest rate minus average inflation rate (2013-2017)	Central bank interest rate divided by average inflation rate (2013-2017)
Albania	1.00	6 June 2016[3]	1.75	-0.75	0.57
Angola	15.50	24 May 2019[3]	17.54	-2.04	0.88
Argentina	38.00	5 March 2020[3]	31.17	6.83	2.18
Armenia	5.75	29 January 2019[3]	2.38	3.37	2.41
Australia	0.10	3 November 2020[4]	1.93	-1.18	0.39
Azerbaijan	7.25	1 May 2020[3]	6.51	1.74	1.27
Bahamas	4.00	22 December 2016 [3]	0.97	3.03	4.10
Bahrain	2.50	31 July 2019[3]	2.40	0.10	1.04
Bangladesh	6.00	6 April 2018[3]	6.38	-0.38	0.94
Barbados	7.00	1 June 2009 [3]	1.67	5.33	4.20
Belarus	9.50	7 August 2019[3]	13.47	-3.97	0.71
Botswana	5.00	24 October 2017[3]	3.89	1.11	1.29
Brazil	2.00	5 August 2020[5]	6.73	-4.48	0.33
Bulgaria	0.00	29 January 2016[3]	0.12	-0.12	0.00
Canada	0.25	27 March 2020[3][6]	1.40	0.35	1.25
Cape Verde	5.50	7 June 2017[3]	0.15	5.35	36.87
Central African States	2.95	22 March 2017[3]
Costa Rica	0.75	19 December 2020[7]
Chile	0.50	7 December 2020[8]	3.30	-1.55	0.53
China	4.20	20 September 2019[3][6]	1.93	2.27	2.17
Czech Republic	0.25	11 May 2020[3]	1.04	0.96	1.92
Colombia	1.75	31 October 2020[9]
DR Congo	9.00	30 April 2019[3]	11.46	-2.46	0.79
Croatia	3.00	17 September 2017[10]
Denmark	-0.75	12 September 2019[3][6][11]	0.64	-1.39	-1.17
Dominican Republic	5.25	31 July 2017[3]	2.69	2.56	1.95
Eastern Caribbean	6.50	[3]
Egypt	8.75	12 November 2020[12]	14.41	-1.16	0.92
Eurozone	0.00	10 March 2016[3][6]
Fiji	0.50	2 November 2011[3]	2.40	-1.90	0.21
Gambia	20.00	9 May 2017[3]	6.74	13.26	2.97
Georgia	7.00	2 May 2017[3]	2.93	4.07	2.39
Ghana	20.00	24 July 2017[3]	14.79	5.21	1.35
Hong Kong	2.00	31 October 2019[3]	3.12	-1.12	0.64
Hungary	0.90	24 May 2016[3][6]	0.83	0.07	1.08
Iceland	1.00	20 May 2020[3]	2.20	1.05	1.48
India	4.00	4 December 2020[13]	6.12	-0.72	0.88
Indonesia	4.50	19 March 2020[3]	5.29	0.71	1.13
Iran	18.00	1 May 2016	17.37	0.63	1.04
Israel	0.10	6 April 2020[6]	0.21	0.04	1.19
Jamaica	0.50	27 August 2019[3]	5.37	-4.87	0.09
Japan	-0.10	29 January 2016[3]	-0.26	0.16	0.38
Jordan	3.75	15 June 2017[3]	1.85	1.90	2.03
Kazakhstan	9.00	15 June 2017[3]	8.21	0.79	1.10
Kenya	10.00	20 September 2016[3]	6.70	3.30	1.49
Kuwait	2.75	15 March 2017[3]	2.85	-0.10	0.97
Kyrgyzstan	5.00	27 December 2016[3]	4.81	0.19	1.04
North Macedonia	3.25	15 February 2017[3]	0.65	2.60	4.97
Malawi	13.50	3 May 2019[3]	21.26	-7.76	0.64
Malaysia	1.75	7 July 2020[14]	2.66	0.34	1.13
Mauritius	2.85	10 March 2020[3]	2.53	1.47	1.58
Mexico	4.25	17 December 2020[15]	3.88	3.62	1.94
Moldova	3.25	20 March 2020[16]	6.45	-3.2	0.5
Mongolia	10.00	11 March 2020[17]	6.80	4.20	1.62
Morocco	1.50	15 December 2020 [18]	1.26	0.99	1.79
Mozambique	12.75	14 August 2019[3]	8.40	4.35	1.52
Namibia	6.50	14 August 2019[3]	5.44	1.06	1.20
New Zealand	0.25	16 March 2020[3][6]	1.03	-0.03	0.97
Nigeria	13.50	26 March 2019[3]	11.49	2.01	1.18
Norway	0.00	8 May 2020[3][6]	2.35	-0.85	0.64
Pakistan	9.00	17 April 2020[3]	5.03	3.97	2.63
Paraguay	0.75	22 December 2020[19]	3.70	1.80	1.49
Peru	0.25	9 April 2020[20]	3.20	-2.95	0.08
Philippines	4.00	26 September 2019[3]	2.18	1.82	1.83
Poland	0.10	28 May 2020[3][6]	0.31	1.19	4.84
Qatar	5.00	16 March 2017[3]	2.27	2.73	2.21
Romania	2.50	7 May 2018[3]	0.83	1.67	3.00
Russia	4.25	27 July 2020[3][6]	8.10	-3.85	0.52
Rwanda	6.00	27 June 2017[3]	5.22	0.78	1.15
Samoa	0.19	1 June 2019[3]	0.77	-0.58	0.25
Saudi Arabia	2.25	30 October 2019[3][6]	2.31	-0.06	0.97
Serbia	1.75	11 March 2020[3]	3.05	-0.55	0.82
Sierra Leone	13.00	15 June 2017[3]	9.08	3.92	1.43
South Africa	4.25	14 April 2020[3][6]	5.64	0.86	1.15
South Korea	0.50	16 May 2020[3][6]	1.24	0.01	1.01
Sri Lanka	7.25	23 March 2017[3]	5.09	2.16	1.42
Sweden	0.00	20 December 2018[3][6]	0.50	-0.75	-0.50
Switzerland	-0.75	15 January 2015[3][6]	-0.26	-0.49	2.91
Taiwan	1.125	17 December 2020[21]
Tajikistan	13.25	31 May 2019[3]	6.03	7.22	2.20
Thailand	0.50	23 December 2020[22]	0.80	0.70	1.88
Trinidad and Tobago	9.25	28 September 2018[23]	4.09	5.16	2.26
Tunisia	7.75	19 February 2019[3]	4.93	2.82	1.57
Turkey	17.00	26 December 2020[24]	8.58	5.42	1.63
Uganda	10.00	19 June 2017[3]	4.89	5.11	2.04
Ukraine	6.00	12 June 2020	16.73	-10.23	0.36
UAE	2.00	31 October 2019[3]	2.22	-0.22	0.90
United Kingdom	0.10	11 March 2020[3]	1.47	-0.72	0.51
United States	0.25	6 May 2020[3][25]	2.33	-2.08	0.11
Uruguay	4.50	22 December 2020[26]	8.39
Uzbekistan	16.00	22 September 2018[3]
Vietnam	6.00	16 September 2019[3]	3.65	2.35	1.64
West African States	2.50	16 September 2013[3]
Zambia	10.25	22 May 2019[3]	9.79	0.46	1.05
Zimbabwe	35.00	1 July 2020 [27]

References

1. "Inflation, consumer prices (annual %) | Data". data.worldbank.org. Retrieved 7 December 2019.
2. "Report for Selected Countries and Subjects". www.imf.org. Retrieved 7 December 2019.
3. "Global Interest Rate Monitor (GIRM)". centralbanknews.info. Retrieved 4 July 2019.
4. "Reserve Bank of Australia (RBA)". Retrieved 3 November 2020.
5. "UPDATE 2-Brazil central bank cuts rates, sees little or no room for more". Reuters. Retrieved 16 September 2020.
6. "Central banks - summary of current interest rates". global-rates.com. Retrieved 13 July 2017.
7. "Mantener tasas de interés óptimas en los créditos, se pretende tras decisión del Banco Central". .larepublica.net (in Spanish).
8. "Chile central bank keeps benchmark interest rate unchanged at 0.5 pct". reuters.com.
9. "Junta del Banco de la República decidió dejar la tasa de interés en el nivel de 1,75% por unanimidad". La Republica (in Spanish). Retrieved 31 October 2020.
10. "Odluka o kamatnim stopama, diskontnoj (eskontnoj) stopi i naknadama Hrvatske narodne banke".
11. "Denmark's central bank cuts key interest rate to historic low". Reuters. 12 September 2019. Retrieved 12 September 2019.
12. "Egypt Cuts Rates for 2nd Time in Boost for Virus-Hit Economy". Bloomberg. 12 November 2020. Retrieved 15 November 2020.
13. "India's central bank keeps interest rates unchanged as inflation remains high". cnbc.com.
14. "Monetary Policy Statement". 7 October 2020.
15. "La Junta de Gobierno del Banco de México decidió mantener el objetivo para la Tasa de Interés Interbancaria a un día en 4.25%" (PDF). banxico.org.mx (in Spanish).
16. "National Bank of Moldova - Interest Rates". www.bnm.md.
17. "Мөнгөний бодлогын мэдэгдэл". www.mongolbank.mn.
18. "Morocco's central bank holds benchmark interest rate steady at 1.5%". reuters.com.
19. "Banco Central mantiene tasa de interés de política monetaria en 0,75% anual". ip.gov.py (in Spanish).
20. "Peru cuts interest rate to 0.25 amid coronavirus pandemic". reuters.com.
21. "Central bank leaves interest rates unchanged". focustaiwan.tw.
22. "Thai interest rate unchanged but central bank cuts GDP outlook". asia.nikkei.com.
23. "Homepage | Central Bank of Trinidad and Tobago". www.central-bank.org.tt.
24. "Turkey's central bank raises interest rate to 17%".
25. "FED Federal Funds Rate, American central bank's interest rate". Global-Rates.com.
26. "Que medidas aprobo el BCU para que los bancos tengan mas pesos para prestar a futuro". elobservador.com.uy (in Spanish).
27. "Zimbabwe Central Bank mules interest rates cuts".