Central Bank Rates

World Interest Rates


Country Current Rate Last Change Central Bank Currency Change Date
ChinaChina4.05 -0.10People's Bank of China (PBC)CNY20 Feb, 2020
TurkeyTurkey10.75 -0.50Central Bank of the Republic of Turkey (CBRT)TRY19 Feb, 2020
MexicoMexico7.00 -0.25Banco de Mexico (Banxico)MXN13 Feb, 2020
Russian FederationRussian Federation6.00 -0.25Central Bank of the Russian Federation (CBR)RUB07 Feb, 2020
Czech RepublicCzech Republic2.25 0.25Czech National Bank (CNB)CZK06 Feb, 2020
BrazilBrazil4.25 -0.25Banco Central do Brasil (BACEN)BRL05 Feb, 2020
South AfricaSouth Africa6.25 -0.25South African Reserve Bank (SARB)ZAR16 Jan, 2020
SwedenSweden0.00 0.25Bank of Sweden (BOS)SEK19 Dec, 2019
United StatesUnited States1.75 -0.25Federal Reserve (FED)USD30 Oct, 2019
ChileChile1.75 -0.25Banco Central de Chile (BCC)CLP23 Oct, 2019
South KoreaSouth Korea1.25 -0.25Bank of Korea (BOK)KRW16 Oct, 2019
IndiaIndia5.15 -0.25Reserve Bank of India (RBI)INR04 Oct, 2019
AustraliaAustralia0.75 -0.25Reserve Bank of Australia (RBA)AUD01 Oct, 2019
NorwayNorway1.50 0.25Norges Bank (NB)NOK19 Sep, 2019
New ZealandNew Zealand1.00 -0.50Reserve Bank of New Zealand (RBNZ)NZD07 Aug, 2019
IsraelIsrael0.25 0.15Bank of Israel (BOI)ILS26 Nov, 2018
CanadaCanada1.75 0.25Bank of Canada (BOC)CAD24 Oct, 2018
United KingdomUnited Kingdom0.75 0.25Bank of England (BOE)GBP02 Aug, 2018
IndonesiaIndonesia6.50 -0.25Bank Indonesia (BI)IDR16 Jun, 2016
HungaryHungary0.90 -0.15Magyar Nemzeti Bank (MNB)HUF24 May, 2016
EuropeEurope0.00 -0.05European Central Bank (ECB)EUR10 Mar, 2016
JapanJapan-0.10 -0.10Bank of Japan (BOJ)JPY01 Feb, 2016
PolandPoland1.50 -0.50Narodowy Bank Polski (NBP)PLN04 Mar, 2015
DenmarkDenmark0.05 -0.15Danmarks Nationalbank (DN)DKK19 Jan, 2015
SwitzerlandSwitzerland-0.75 -0.25Swiss National Bank (SNB)CHF15 Jan, 2015

FP Markets

FP Markets


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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