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World Interest Rates

The World Interest Rates Table displays the current interest rates in the major countries of the world, as established by their individual Central Banks.

An economy's health is generally reflected in interest rates, as in optimal conditions, Central Banks would raise rates while the economy is expanding, to battle inflation and reduce interest rates in order to stimulate an economy that is deflating.

When an interest rate is increased, it discourages borrowing and encourages saving which eventually slows down the economy (since less money is spent) and thus decreasing inflation. Exactly the opposite happens when interest rates are decreased to stimulate and boost the economy.

Actual rates, the most recent policy changes, and the dates of upcoming meetings/decisions are all included in the table for the major economies. The table is updated on a daily basis.

Country Central Bank Current Rate Previous Rate Change Last Meeting Next Meeting
Australia RBA Reserve Bank of Australia 2.35% 1.85% 50bp Sep 06, 2022 3 days
South Korea BOK The Bank of Korea 2.5% 2.25% 25bp Aug 25, 2022 13 days
China PBC People's Bank of China 3.65% 3.65% 0bp Sep 23, 2022 19 days
Indonesia BI Bank Indonesia 4.25% 3.75% 50bp Sep 22, 2022 19 days
Turkey CBRT Central Bank of the Republic of Turkey 12.0% 13.0% -100bp Sep 22, 2022 19 days
Canada BOC Bank of Canada 3.25% 2.5% 75bp Sep 07, 2022 25 days
Brazil BCB Banco Central do Brasil 13.75% 13.75% 0bp Sep 21, 2022 26 days
Italy ECB European Central Bank 1.25% 0.5% 75bp Sep 08, 2022 26 days
Germany ECB European Central Bank 1.25% 0.5% 75bp Sep 08, 2022 26 days
France ECB European Central Bank 1.25% 0.5% 75bp Sep 08, 2022 26 days
Japan BOJ Bank of Japan -0.1% -0.1% 0bp Sep 22, 2022 27 days
Russia CBR Central Bank of Russia 7.5% 8.0% -50bp Sep 16, 2022 27 days
United States FRB Federal Reserve 3.25% 2.5% 75bp Sep 21, 2022 33 days
Saudi Arabia SAMA Saudi Arabian Monetary Agency 3.75% 3.0% 75bp Sep 21, 2022 33 days
United Kingdom BOE Bank of England 2.25% 1.75% 50bp Sep 15, 2022 33 days
Mexico BREMS Banco de México 9.25% 8.5% 75bp Sep 29, 2022 41 days
Argentina BCRA Central Bank of Argentina 75.0% 69.5% 550bp Sep 15, 2022 -
India RBI Reserve Bank of India 5.9% 5.4% 50bp Sep 30, 2022 -
South Africa SARB South African Reserve Bank 6.25% 5.5% 75bp Sep 22, 2022 -