Central Bank Rates

World Interest Rates


Country Current Rate Last Change Central Bank Currency Change Date
South AfricaSouth Africa8.25 0.50South African Reserve Bank (SARB)ZAR25 May, 2023
New ZealandNew Zealand5.50 0.25Reserve Bank of New Zealand (RBNZ)NZD24 May, 2023
IsraelIsrael4.75 0.25Bank of Israel (BOI)ILS22 May, 2023
United KingdomUnited Kingdom4.50 0.25Bank of England (BOE)GBP11 May, 2023
DenmarkDenmark3.00 0.25Danmarks Nationalbank (DN)DKK04 May, 2023
NorwayNorway3.25 0.25Norges Bank (NB)NOK04 May, 2023
EuropeEurope3.75 0.25European Central Bank (ECB)EUR04 May, 2023
United StatesUnited States5.25 0.25Federal Reserve (FED)USD03 May, 2023
AustraliaAustralia3.85 0.25Reserve Bank of Australia (RBA)AUD02 May, 2023
SwedenSweden3.50 0.50Bank of Sweden (BOS)SEK26 Apr, 2023
MexicoMexico11.25 0.25Banco de Mexico (Banxico)MXN30 Mar, 2023
SwitzerlandSwitzerland1.50 0.50Swiss National Bank (SNB)CHF23 Mar, 2023
TurkeyTurkey8.50 -0.50Central Bank of the Republic of Turkey (CBRT)TRY23 Feb, 2023
IndiaIndia6.50 0.25Reserve Bank of India (RBI)INR08 Feb, 2023
CanadaCanada4.50 0.25Bank of Canada (BOC)CAD25 Jan, 2023
South KoreaSouth Korea3.50 0.25Bank of Korea (BOK)KRW13 Jan, 2023
ChileChile11.25 0.50Banco Central de Chile (BCC)CLP13 Oct, 2022
HungaryHungary13.00 1.25Magyar Nemzeti Bank (MNB)HUF27 Sep, 2022
Russian FederationRussian Federation7.50 -0.50Central Bank of the Russian Federation (CBR)RUB16 Sep, 2022
PolandPoland6.75 0.25Narodowy Bank Polski (NBP)PLN07 Sep, 2022
ChinaChina3.65 -0.05People's Bank of China (PBC)CNY22 Aug, 2022
BrazilBrazil13.75 0.50Banco Central do Brasil (BACEN)BRL04 Aug, 2022
Czech RepublicCzech Republic7.00 1.25Czech National Bank (CNB)CZK22 Jun, 2022
IndonesiaIndonesia6.50 -0.25Bank Indonesia (BI)IDR16 Jun, 2016
JapanJapan-0.10 -0.10Bank of Japan (BOJ)JPY01 Feb, 2016


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

Forex Brokers
  • We believe in what we do

    Since the foundation of the project, we have been trying to turn one Dollar into a Million. Many dollars were lost on the way to the cherished goal. Nobody said it was going to be easy. However, we believe that everything is possible. Each time we lose a Dollar, we start again stronger with more experience and dedication. Today the project is much more than just about a Dollar. Our philosophy is openness and transparency. So apart from trading on Forex, we are creating a variety of useful Tools, sharing our developments, ideas, and experiences with our followers. We are true fans of financial markets and looking forward making trading more understandable and showing that profitable trading is possible.
  • Latest Tweets

    Unable to load Tweets

All information on this page is subject to change. Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Intomillion.com owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.