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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 Mainīt Last Meeting Next Meeting
United States FRB Federal Reserve 4.0% 3.25% 75bp Nov 02, 2022 5 days
Saudi Arabia SAMA Saudi Arabian Monetary Agency 4.5% 3.75% 75bp Nov 02, 2022 5 days
United Kingdom BOE Bank of England 3.0% 2.25% 75bp Nov 03, 2022 6 days
Euro Area ECB European Central Bank 2.0% 1.25% 75bp Oct 27, 2022 6 days
Italy ECB European Central Bank 2.0% 1.25% 75bp Oct 27, 2022 6 days
Germany ECB European Central Bank 2.0% 1.25% 75bp Oct 27, 2022 6 days
France ECB European Central Bank 2.0% 1.25% 75bp Oct 27, 2022 6 days
Mexico BREMS Banco de México 10.0% 9.25% 75bp Nov 10, 2022 6 days
Russia CBR Central Bank of Russia 7.5% 7.5% 0bp Oct 28, 2022 7 days
China PBC People's Bank of China 3.65% 3.65% 0bp Nov 21, 2022 11 days
Japan BOJ Bank of Japan -0.1% -0.1% 0bp Oct 28, 2022 11 days
Indonesia BI Bank Indonesia 5.25% 4.75% 50bp Nov 17, 2022 13 days
Turkey CBRT Central Bank of the Republic of Turkey 9.0% 10.5% -150bp Nov 24, 2022 13 days
Argentina BCRA Central Bank of Argentina 75.0% 75.0% 0bp Nov 30, 2022 17 days
Canada BOC Bank of Canada 4.25% 3.75% 50bp Dec 07, 2022 47 days
South Africa SARB South African Reserve Bank 7.0% 6.25% 75bp Nov 24, 2022 48 days
Australia RBA Reserve Bank of Australia 3.1% 2.85% 25bp Dec 06, 2022 -
South Korea BOK The Bank of Korea 3.25% 3.0% 25bp Nov 24, 2022 -
India RBI Reserve Bank of India 6.25% 5.9% 35bp Dec 07, 2022 -
Brazil BCB Banco Central do Brasil 13.75% 13.75% 0bp Dec 07, 2022 -