Central Bank News: Interest Rates

Central Bank News publishes a Global Interest Rate Monitor (GIRM) that covers the official monetary policy rates of the world's monetary authorities. Central banks use a range of tools to implement monetary policy but normally identify one rate as their key policy rate.
The FIRST SECTION of the table shows changes to policy rates in the current month, including the name of the country that changed its rate, the current policy rate, the latest change in the policy rate in basis points, the date of the change, the year-to-date net change and the change in basis points in the earlier years of 2021, 2020 2019.
The SECOND SECTION shows changes year-to-date, starting with the Global Monetary Policy Rate (GMPR), or the average nominal rate of the 104 central banks covered by Central Bank News, followed by the change in GMPR year-to-date, and the date for the latest change. This is followed by the total change in GMPR in basis points in 2021, 2020 and 2019.
For timely updates on monetary policy, connect to Central Bank News through Twitter or Facebook. Central Bank News also produces an inflation target table.

CHANGES IN FEBRUARY
COUNTRY	RATE	CHANGE	DATE	2022	2021	2020	2019
CZECH REPUBLIC	4.50%	75	3-Feb-22	75	350	-175	25
UNITED KINGDOM	0.50%	25	3-Feb-22	25	15	-65	0
BRAZIL	10.75%	150	2-Feb-22	150	725	-250	-200
LESOTHO	4.00%	25	1-Feb-22	25	25	-300	-25
ARMENIA	8.00%	25	1-Feb-22	25	250	-25	-50

CHANGES YEAR TO DATE:
COUNTRY	RATE	CHANGE	DATE	YTD	2021	2020	2019
GLOBAL (GMPR)	5.63%	12	3-Feb-22	1240	7765	-16233	-7276
ALBANIA	0.50%	-50	25-Mar-20		0	-50	0
ANGOLA	20.00%	450	2-Jul-21		450	0	-100
ARGENTINA	40.00%	200	6-Jan-22	200	0	-1700	-750
ARMENIA	8.00%	25	1-Feb-22	25	250	-25	-50
AUSTRALIA	0.10%	-15	3-Nov-20		0	-65	-75
AZERBAIJAN	7.50%	25	28-Jan-22	25	100	-125	-225
BAHAMAS	4.00%	-50	22-Dec-16		0	0	0
BAHRAIN	1.00%	-75	16-Mar-20		0	-125	-50
BANGLADESH	4.75%	-50	29-Jul-20		0	-125	0
BARBADOS	2.00%	-500	30-Mar-20		0	-500	0
BELARUS	9.25%	75	15-Jul-21		150	-125	-100
BOTSWANA	3.75%	-50	8-Oct-20		0	-100	-25
BRAZIL	10.75%	150	2-Feb-22	150	725	-250	-200
BULGARIA	0.00%	-1	29-Jan-16		0	0	0
CANADA	0.25%	-50	27-Mar-20		0	-150	0
CAPE VERDE	1.00%	-450	26-Mar-20		0	-450	0
CEN. AFRICAN STS.	3.25%	-25	27-Mar-20		0	-25	0
CHILE	5.50%	150	26-Jan-22	150	350	-125	-100
CHINA	3.70%	-10	20-Jan-22	-10	-5	-30	-16
COLOMBIA	4.00%	100	28-Jan-22	100	125	-250	0
CONGO, DEM. REP.	7.50%	-100	2-Jan-22	-100	-1000	950	-500
COSTA RICA	1.75%	50	26-Jan-22	50	50	-200	-250
CROATIA	2.50%	-250	20-Oct-15		0	0	0
CZECH REPUBLIC	4.50%	75	3-Feb-22	75	350	-175	25
DENMARK	-0.60%	-10	30-Sep-21		0	15	-10
DOMINICAN REP.	5.00%	50	31-Jan-22	50	150	-150	-100
EAST. CARIBBEAN	2.00%	-450	3-Apr-20		0	-450	0
EGYPT	8.25%	-50	12-Nov-20		0	-400	-450
ESWATINI	3.75%	-25	24-Jul-20		0	-275	-25
EURO AREA	0.00%	-5	10-Mar-16		0	0	0
FIJI	0.25%	-25	18-Mar-20		0	-25	0
GAMBIA	10.00%	-200	28-May-20		0	-250	-100
GEORGIA	10.50%	50	8-Dec-21		250	-100	200
GHANA	14.50%	100	22-Nov-21		0	-150	-100
GUATEMALA	1.75%	-25	25-Jun-20		0	-100	0
HONDURAS	3.00%	-75	23-Nov-20		0	-250	0
HONG KONG	0.86%	-64	16-Mar-20		0	-114	-75
HUNGARY	2.90%	50	25-Jan-22	50	180	-30	0
ICELAND	2.00%	50	17-Nov-21		125	-225	-150
INDIA	4.00%	-40	22-May-20		0	-115	-135
INDONESIA	3.50%	-25	18-Feb-21		-25	-125	-100
ISRAEL	0.10%	-15	6-Apr-20		0	-15	0
JAMAICA	2.50%	50	20-Dec-21		200	0	-125
JAPAN	-0.10%	-20	29-Jan-16		0	0	0
JORDAN	2.50%	-100	16-Mar-20		0	-150	-75
KAZAKHSTAN	10.25%	50	24-Jan-22	50	75	-25	0
KENYA	7.00%	-25	29-Apr-20		0	-150	-50
KUWAIT	1.50%	-100	16-Mar-20		0	-125	-25
KYRGYZSTAN	8.50%	50	31-Jan-22	50	300	75	-50
LESOTHO	4.00%	25	1-Feb-22	25	25	-300	-25
LIBERIA	20.00%	-500	20-Aug-21		-500	-500	0
MACAU	0.86%	-64	16-Mar-20		0	-114	-75
MACEDONIA	1.25%	-25	10-Mar-21		-25	-100	-25
MALAWI	12.00%	-150	6-Nov-20		0	-150	-250
MALAYSIA	1.75%	-25	7-Jul-20		0	-125	-25
MAURITIUS	1.85%	-100	16-Apr-20		0	-150	-15
MEXICO	5.50%	50	16-Dec-21		125	-300	-100
MOLDOVA	8.50%	20	13-Jan-22	200	385	-285	-100
MONGOLIA	6.00%	-200	23-Nov-20		0	-500	0
MOROCCO	1.50%	-50	16-Jun-20		0	-75	0
MOZAMBIQUE	13.25%	300	27-Jan-21		300	-250	-150
MYANMAR	7.00%	-150	27-Apr-20		0	-300	0
NAMIBIA	3.75%	-25	19-Aug-20		0	-275	-25
NEW ZEALAND	0.75%	25	24-Nov-21		50	-75	-75
NIGERIA	11.50%	-100	22-Sep-20		0	-200	-50
NORWAY	0.50%	25	16-Dec-21		50	-150	75
PAKISTAN	9.75%	100	14-Dec-21		275	-625	325
PAPUA NEW GUINEA	3.00%	-200	30-Mar-20		0	-200	-225
PARAGUAY	5.50%	25	21-Jan-22	25	450	-325	-125
PERU	3.00%	50	6-Jan-22	50	225	-200	-50
PHILIPPINES	2.00%	-25	19-Nov-20		0	-200	-75
POLAND	2.25%	50	4-Jan-22	50	165	-140	0
QATAR	2.50%	-100	16-Mar-20		0	-175	-75
ROMANIA	2.00%	25	10-Jan-22	25	25	-100	0
RUSSIA	8.50%	100	17-Dec-21		425	-200	-150
RWANDA	4.50%	-50	30-Apr-20		0	-50	-50
SAMOA	0.14%	-1	1-Jul-16		0	0	0
SAUDI ARABIA	1.00%	-75	16-Mar-20		0	-125	-75
SERBIA	1.00%	-25	10-Dec-20		0	-125	-75
SEYCHELLES	2.00%	-100	30-Jun-21		-100	-200	-50
SIERRA LEONE	14.25%	25	24-Dec-22		25	-250	0
SOUTH AFRICA	4.00%	25	27-Jan-22	25	25	-300	-25
SOUTH KOREA	1.25%	25	14-Jan-22	25	50	-75	-50
SOUTH SUDAN	12.00%	-300	11-Jan-22	-300	0	0	0
SRI LANKA (deposit)	5.50%	50	20-Jan-22	50	50	-250	-100
SWEDEN	0.00%	25	19-Dec-19		0	0	25
SWITZERLAND	-0.75%	-50	15-Jan-15		0	0	0
TAIWAN	1.125%	-25	19-Mar-20		0	-25	0
TAJIKISTAN	13.25%	25	22-Oct-21		250	-150	-175
THAILAND	0.50%	-25	20-May-20		0	-75	-50
TRINIDAD & TOBAGO	3.50%	-150	17-Mar-20		0	-150	0
TUNISIA	6.25%	-50	30-Sep-20		0	-100	100
TURKEY	14.00%	-100	16-Dec-21		-300	500	-1,200
UAE	1.25%	-75	16-Mar-20		0	-125	-75
UGANDA	6.50%	-50	16-Jun-21		-50	-200	-100
UKRAINE	10.00%	100	20-Jan-22	100	300	-750	-450
UNITED KINGDOM	0.50%	25	3-Feb-22	25	15	-65	0
URUGUAY	6.50%	75	5-Jan-22	75	125	0	0
UNITED STATES	0.25%	-100	15-Mar-20		0	-150	-75
UZBEKISTAN	14.00%	-100	10-Sep-20		0	-200	0
VIETNAM	4.00%	-50	30-Sep-20		0	-200	-25
WEST AFRICAN STATES	2.00%	-50	22-Jun-20		0	-50	0
ZAMBIA	9.00%	50	24-Nov-21		100	-350	175
ZIMBABWE	60.00%	2000	28-Oct-21		2500	0	0

Central Bank News makes every effort to ensure the accuracy of the interest rates in the above table at the time of publication. However, as rates and mechanisms change over time, we cannot guarantee the accuracy of the information above. If you have any corrections, please contact us. You may replicated the table in full under the condition that you cite Central Bank News as the source and provide a link back to www.centralbanknews.info.

Policy Review

Central Bank News publishes review of the latest developments in global monetary policy and it can can be accessed under the website's Latest News pages or by searching for "Policy Review" in the website's search tool. For examples of reviews, please see:

- After 103 corona interest rate cuts in Q1, what now?

- Monetary Policy in Review: Global rates rise in 2015 and set to grind higher in 2016 as Fed continues to normalize

- Monetary Policy Week in Review - Jul 21-25, 2014: Central banks continue to prepare for shift in Fed policy

- Monetary Policy Week in Review – Aug 19-23, 2013: Jackson Hole suggests QE path for Fed, Turkey tightens

- Monetary Policy Week in Review – Aug 5-9, 2013: 3 banks cut rates, 7 hold, BOE highlights policy challenges

Global Monetary Policy Rate (GMPR):

Central Bank News occasionally publishes a monthly review of developments in global monetary policy, including the the GMPR, the average nominal policy rate by the 90 central banks followed by Central Bank News. The articles can be accessed under the website's Latest News pages or by searching for "GMPR." For examples of recent GMPRs, please see:

- "Global Monetary Policy Rates – Sep 2013: Global rates rise for 1st time in 23 months as rates may have reached nadir"

- "Global Monetary Policy Rates - July: Average policy rate steady for 3rd month in row as 4 banks raise rates"

- "Global Monetary Policy Rates – Apr. 2013: Central banks’ policy rates fall 749 bps as rate-cutting spree accelerates"

Global Monetary Policy Rate Index (GMPRI)

Central Bank News has developed a global monetary policy rate index, which is designed to capture broad levels and trends in central bank interest rates. Please consult the resources below for more background information on the indexes and the index data itself.

GMPRI was last updated in April 2012 but work is under way to update it.