Interest rates
The interest rate is the minimum interest at which private banks receive loans from the Central Bank. It's simple: commercial banks take money from the Central Bank at a wholesale price, and they already set retail ones for themselves. Consequently, the rate directly affects the interest rates that banks set for granting loans.
When the interest rate starts to decline, loans become more profitable. Many businessmen and entrepreneurs begin to develop their production, and the number of purchases of average consumers is also increasing by an order of magnitude. However, the lowered interest rate accelerates inflation.
In the event that therate rises, loans become less attractive. The activity of entrepreneurs is declining, and the economy starts to slow down. It is worth noting that the increased key rate helps to avoid the risk of credit bubbles and normalizes the economy.
Central Bank
Current Rate
Next Meeting
Last Change
Federal Reserve (FED)
5.25%
Jul 25, 2023
May 02, 2023 (25bp)
European Central Bank (ECB)
4.00%
Jul 26, 2023
Jun 14, 2023 (25bp)
Bank of England (BOE)
5.00%
Aug 02, 2023
Jun 21, 2023 (50bp)
Swiss National Bank (SNB)
1.75%
Sep 20, 2023
Jun 21, 2023 (25bp)
Reserve Bank of Australia (RBA)
4.10%
Jul 31, 2023
Jun 05, 2023 (25bp)
Bank of Canada (BOC)
4.75%
Jul 11, 2023
Jun 06, 2023 (25bp)
Reserve Bank of New Zealand (RBNZ)
5.50%
Jul 11, 2023
May 23, 2023 (25bp)
Bank of Japan (BOJ)
-0.10%
Jul 27, 2023
Jan 28, 2016 (-20bp)
Central Bank of the Russian Federation (CBR)
7.50%
Jul 20, 2023
Sep 15, 2022 (-50bp)
Reserve Bank of India (RBI)
6.50%
Aug 09, 2023
Feb 07, 2023 (25bp)
People’s Bank of China (PBOC)
3.55%
Jan 18, 2022
Jun 19, 2023 (-10bp)
Central Bank of Brazil (BCB)
13.75%
Aug 01, 2023
Aug 02, 2022 (50bp)
Central Bank of the United Arab Emirates (CBUAE)
5.15%
Mar 24, 2022
Mar 15, 2020 (-100bp)
Norges Bank
0%
Aug 18, 2021
Mar 10, 2016 (-100bp)
Bank of Sweden (Riksbank)
3.75%
Sep 20, 2023
Jun 28, 2023 (25bp)
Central Bank of Turkey (CBRT)
15.00%
Jul 19, 2023
Jun 21, 2023 (650bp)
Hong Kong Monetary Authority (HKMA)
0.86%
Mar 24, 2022
Mar 15, 2020 (-100bp)
Bank Indonesia (BI)
5.75%
Oct 19, 2022
Jan 18, 2023 (25bp)
Bank of Israel (BOI)
4.75%
Jul 09, 2023
May 21, 2023 (25bp)
Bank Negara Malaysia (BNM)
3.00%
Sep 06, 2023
May 02, 2023 (25bp)
Federal Reserve (FED)
5.25%Current Rate
Jul 25, 2023Next Meeting
May 02, 2023 (25bp)Last Change
European Central Bank (ECB)
4.00%Current Rate
Jul 26, 2023Next Meeting
Jun 14, 2023 (25bp)Last Change
Bank of England (BOE)
5.00%Current Rate
Aug 02, 2023Next Meeting
Jun 21, 2023 (50bp)Last Change
Swiss National Bank (SNB)
1.75%Current Rate
Sep 20, 2023Next Meeting
Jun 21, 2023 (25bp)Last Change
Reserve Bank of Australia (RBA)
4.10%Current Rate
Jul 31, 2023Next Meeting
Jun 05, 2023 (25bp)Last Change
Bank of Canada (BOC)
4.75%Current Rate
Jul 11, 2023Next Meeting
Jun 06, 2023 (25bp)Last Change
Reserve Bank of New Zealand (RBNZ)
5.50%Current Rate
Jul 11, 2023Next Meeting
May 23, 2023 (25bp)Last Change
Bank of Japan (BOJ)
-0.10%Current Rate
Jul 27, 2023Next Meeting
Jan 28, 2016 (-20bp)Last Change
Central Bank of the Russian Federation (CBR)
7.50%Current Rate
Jul 20, 2023Next Meeting
Sep 15, 2022 (-50bp)Last Change
Reserve Bank of India (RBI)
6.50%Current Rate
Aug 09, 2023Next Meeting
Feb 07, 2023 (25bp)Last Change
People’s Bank of China (PBOC)
3.55%Current Rate
Jan 18, 2022Next Meeting
Jun 19, 2023 (-10bp)Last Change
Central Bank of Brazil (BCB)
13.75%Current Rate
Aug 01, 2023Next Meeting
Aug 02, 2022 (50bp)Last Change
Central Bank of the United Arab Emirates (CBUAE)
5.15%Current Rate
Mar 24, 2022Next Meeting
Mar 15, 2020 (-100bp)Last Change
Norges Bank
0%Current Rate
Aug 18, 2021Next Meeting
Mar 10, 2016 (-100bp)Last Change
Bank of Sweden (Riksbank)
3.75%Current Rate
Sep 20, 2023Next Meeting
Jun 28, 2023 (25bp)Last Change
Central Bank of Turkey (CBRT)
15.00%Current Rate
Jul 19, 2023Next Meeting
Jun 21, 2023 (650bp)Last Change
Hong Kong Monetary Authority (HKMA)
0.86%Current Rate
Mar 24, 2022Next Meeting
Mar 15, 2020 (-100bp)Last Change
Bank Indonesia (BI)
5.75%Current Rate
Oct 19, 2022Next Meeting
Jan 18, 2023 (25bp)Last Change
Bank of Israel (BOI)
4.75%Current Rate
Jul 09, 2023Next Meeting
May 21, 2023 (25bp)Last Change
Bank Negara Malaysia (BNM)
3.00%Current Rate
Sep 06, 2023Next Meeting
May 02, 2023 (25bp)Last Change
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