Interest rates
The interest rate is the minimum interest at which private banks receive loans from the Central Bank. It's simple: commercial banks take money from the Central Bank at a wholesale price, and they already set retail ones for themselves. Consequently, the rate directly affects the interest rates that banks set for granting loans.
When the interest rate starts to decline, loans become more profitable. Many businessmen and entrepreneurs begin to develop their production, and the number of purchases of average consumers is also increasing by an order of magnitude. However, the lowered interest rate accelerates inflation.
In the event that therate rises, loans become less attractive. The activity of entrepreneurs is declining, and the economy starts to slow down. It is worth noting that the increased key rate helps to avoid the risk of credit bubbles and normalizes the economy.
Central Bank
Current Rate
Next Meeting
Last Change
Federal Reserve (FED)
5.50%
Mar 19, 2024
Jul 25, 2023 (25bp)
European Central Bank (ECB)
4.50%
Apr 10, 2024
Sep 13, 2023 (25bp)
Bank of England (BOE)
5.25%
Mar 20, 2024
Aug 02, 2023 (25bp)
Swiss National Bank (SNB)
1.75%
Mar 20, 2024
Jun 21, 2023 (25bp)
Reserve Bank of Australia (RBA)
4.35%
Mar 18, 2024
Nov 06, 2023 (25bp)
Bank of Canada (BOC)
5.00%
Apr 09, 2024
Jul 11, 2023 (25bp)
Reserve Bank of New Zealand (RBNZ)
5.50%
Apr 09, 2024
May 23, 2023 (25bp)
Bank of Japan (BOJ)
-0.10%
Mar 18, 2024
Jan 28, 2016 (-20bp)
Central Bank of the Russian Federation (CBR)
16.00%
Mar 21, 2024
Dec 14, 2023 (100bp)
Reserve Bank of India (RBI)
6.50%
Apr 02, 2024
Feb 07, 2023 (25bp)
People’s Bank of China (PBOC)
3.45%
Jan 18, 2022
Aug 20, 2023 (-10bp)
Central Bank of Brazil (BCB)
11.25%
Mar 19, 2024
Jan 30, 2024 (-50bp)
Central Bank of the United Arab Emirates (CBUAE)
5.15%
Mar 24, 2022
Mar 15, 2020 (-100bp)
Norges Bank
0%
Aug 18, 2021
Mar 10, 2016 (-100bp)
Bank of Sweden (Riksbank)
4.00%
Mar 26, 2024
Sep 20, 2023 (25bp)
Central Bank of Turkey (CBRT)
45.00%
Mar 24, 2024
Jan 24, 2024 (250bp)
Hong Kong Monetary Authority (HKMA)
0.86%
Mar 24, 2022
Mar 15, 2020 (-100bp)
Bank Indonesia (BI)
6.00%
Aug 22, 2023
Oct 18, 2023 (25bp)
Bank of Israel (BOI)
4.50%
Apr 07, 2024
Dec 31, 2023 (-25bp)
Bank Negara Malaysia (BNM)
3.00%
May 08, 2024
May 02, 2023 (25bp)
Federal Reserve (FED)
5.50%Current Rate
Mar 19, 2024Next Meeting
Jul 25, 2023 (25bp)Last Change
European Central Bank (ECB)
4.50%Current Rate
Apr 10, 2024Next Meeting
Sep 13, 2023 (25bp)Last Change
Bank of England (BOE)
5.25%Current Rate
Mar 20, 2024Next Meeting
Aug 02, 2023 (25bp)Last Change
Swiss National Bank (SNB)
1.75%Current Rate
Mar 20, 2024Next Meeting
Jun 21, 2023 (25bp)Last Change
Reserve Bank of Australia (RBA)
4.35%Current Rate
Mar 18, 2024Next Meeting
Nov 06, 2023 (25bp)Last Change
Bank of Canada (BOC)
5.00%Current Rate
Apr 09, 2024Next Meeting
Jul 11, 2023 (25bp)Last Change
Reserve Bank of New Zealand (RBNZ)
5.50%Current Rate
Apr 09, 2024Next Meeting
May 23, 2023 (25bp)Last Change
Bank of Japan (BOJ)
-0.10%Current Rate
Mar 18, 2024Next Meeting
Jan 28, 2016 (-20bp)Last Change
Central Bank of the Russian Federation (CBR)
16.00%Current Rate
Mar 21, 2024Next Meeting
Dec 14, 2023 (100bp)Last Change
Reserve Bank of India (RBI)
6.50%Current Rate
Apr 02, 2024Next Meeting
Feb 07, 2023 (25bp)Last Change
People’s Bank of China (PBOC)
3.45%Current Rate
Jan 18, 2022Next Meeting
Aug 20, 2023 (-10bp)Last Change
Central Bank of Brazil (BCB)
11.25%Current Rate
Mar 19, 2024Next Meeting
Jan 30, 2024 (-50bp)Last Change
Central Bank of the United Arab Emirates (CBUAE)
5.15%Current Rate
Mar 24, 2022Next Meeting
Mar 15, 2020 (-100bp)Last Change
Norges Bank
0%Current Rate
Aug 18, 2021Next Meeting
Mar 10, 2016 (-100bp)Last Change
Bank of Sweden (Riksbank)
4.00%Current Rate
Mar 26, 2024Next Meeting
Sep 20, 2023 (25bp)Last Change
Central Bank of Turkey (CBRT)
45.00%Current Rate
Mar 24, 2024Next Meeting
Jan 24, 2024 (250bp)Last Change
Hong Kong Monetary Authority (HKMA)
0.86%Current Rate
Mar 24, 2022Next Meeting
Mar 15, 2020 (-100bp)Last Change
Bank Indonesia (BI)
6.00%Current Rate
Aug 22, 2023Next Meeting
Oct 18, 2023 (25bp)Last Change
Bank of Israel (BOI)
4.50%Current Rate
Apr 07, 2024Next Meeting
Dec 31, 2023 (-25bp)Last Change
Bank Negara Malaysia (BNM)
3.00%Current Rate
May 08, 2024Next Meeting
May 02, 2023 (25bp)Last Change
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