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Central bank interest rates

Overview of the current interest rates of a large number of international central banks

Below you can see the current interest rates of a large number of central banks. This concerns the interest rates that central banks charge when banks want to borrow money from them.

Current interest rates central banks
Last modification Interest
Australia 03-11-2020 0.100%
Brazil 06-08-2020 2.000%
Canada 27-03-2020 0.250%
Chili 31-03-2020 0.500%
China 20-04-2020 3.850%
Denmark 19-01-2015 0.050%
Europe 10-03-2016 0.000%
Britain 19-03-2020 0.100%
Hungary 21-07-2020 0.600%
India 22-05-2020 4,000%
Israel 06-04-2020 0.100%
Japan 01-02-2016 -0.100%
Mexico 24-09-2020 4,250%
New Zealand 16-03-2020 0.250%
Norway 07-05-2020 0.000%
Poland 28-05-2020 0.100%
Russia 24-07-2020 4,250%
Saudi Arabia 16-03-2020 1,000%
Czech Republic 07-05-2020 0.250%
Turkey 24-12-2020 17,000%
United States 15-03-2020 0.250%
South Africa 23-07-2020 3,500%
South Korea 28-05-2020 0.500%
Sweden 19-12-2019 0.000%
Switzerland 15-01-2015 -0.750%

If you would like detailed information about the interest rates of a specific central bank, click in the overview on the name of the relevant country or region. Sometimes a central bank maintains a range (a minimum and maximum interest rate). We then indicate the maximum interest.

What does a central bank do?

A central bank is an institution that is responsible for implementing monetary policy in the operating area of ​​the relevant central bank. Preventing too high or low inflation is often the main goal. A central bank also often keeps an eye on economic growth.

An important part of the policy of a central bank is determining the official interest rates. These are the interest rates at which banks can borrow money from the central bank or the interest that banks receive when they deposit money at the central bank. Because banks and other financial institutions keep a close eye on central bank interest rates when determining their own interest rates on, for example, mortgages , private loans and business loans , a central bank can influence the interest rates that are in the market. In this way, a central bank can influence the economy within the operating area.