Central Bank Rates

World Interest Rates


Country Current Rate Last Change Central Bank Currency Change Date
TurkeyTurkey15.00 -1.00Central Bank of the Republic of Turkey (CBRT)TRY19 Nov, 2021
South AfricaSouth Africa3.75 0.25South African Reserve Bank (SARB)ZAR19 Nov, 2021
HungaryHungary2.10 0.30Magyar Nemzeti Bank (MNB)HUF16 Nov, 2021
MexicoMexico5.00 0.25Banco de Mexico (Banxico)MXN12 Nov, 2021
Czech RepublicCzech Republic2.75 1.25Czech National Bank (CNB)CZK05 Nov, 2021
PolandPoland1.25 0.75Narodowy Bank Polski (NBP)PLN04 Nov, 2021
BrazilBrazil7.75 1.50Banco Central do Brasil (BACEN)BRL27 Oct, 2021
Russian FederationRussian Federation7.50 0.75Central Bank of the Russian Federation (CBR)RUB22 Oct, 2021
ChileChile2.75 1.25Banco Central de Chile (BCC)CLP14 Oct, 2021
New ZealandNew Zealand0.50 0.25Reserve Bank of New Zealand (RBNZ)NZD06 Oct, 2021
DenmarkDenmark-0.45 -0.10Danmarks Nationalbank (DN)DKK01 Oct, 2021
NorwayNorway0.25 0.25Norges Bank (NB)NOK23 Sep, 2021
South KoreaSouth Korea0.75 0.25Bank of Korea (BOK)KRW26 Aug, 2021
AustraliaAustralia0.10 -0.15Reserve Bank of Australia (RBA)AUD03 Nov, 2020
IndiaIndia4.00 -0.40Reserve Bank of India (RBI)INR22 May, 2020
ChinaChina3.85 -0.20People's Bank of China (PBC)CNY20 Apr, 2020
IsraelIsrael0.10 -0.15Bank of Israel (BOI)ILS06 Apr, 2020
CanadaCanada0.25 -0.50Bank of Canada (BOC)CAD27 Mar, 2020
United KingdomUnited Kingdom0.10 -0.15Bank of England (BOE)GBP19 Mar, 2020
United StatesUnited States0.25 -1.00Federal Reserve (FED)USD15 Mar, 2020
SwedenSweden0.00 0.25Bank of Sweden (BOS)SEK19 Dec, 2019
IndonesiaIndonesia6.50 -0.25Bank Indonesia (BI)IDR16 Jun, 2016
EuropeEurope0.00 -0.05European Central Bank (ECB)EUR10 Mar, 2016
JapanJapan-0.10 -0.10Bank of Japan (BOJ)JPY01 Feb, 2016
SwitzerlandSwitzerland-0.75 -0.25Swiss National Bank (SNB)CHF15 Jan, 2015




Central Bank rate is the rate of interest which a central bank charges on the loans and advances to a commercial bank. The bank rate is known by a number of different terms depending on the country and has changed over time in some countries as the mechanism used to manage the rate have changed.

Whenever a bank has a shortage of funds, they can typically borrow from the central bank based on the monetary policy of the country.

The borrowing is commonly done via repos, where the repo rate is the rate at which the central bank lends short-term money to the banks against securities. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases, borrowing from the central bank becomes more expensive. It is more applicable when there is a liquidity crunch in the market.

In contrast, the reverse repo rate is the rate at which banks can park surplus funds with reserve bank. This is mostly done when there is surplus liquidity in the market as a high reverse repo rate will make it attractive to banks to park surplus funds with the central bank.

The interest rate that is charged by a country’s central or federal bank on loans and advances controls the money supply in the economy and the banking sector. This is typically done on a quarterly basis to control inflation and to stabilize the country’s exchange rates. A fluctuation in bank rates triggers a ripple-effect as it impacts every sphere of a country’s economy. For instance, the prices in stock markets tend to react to interest rate changes. A change in bank rates affects customers as it influences prime interest rates for the personal loan.

Source: Wikipedia

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