This is a list of countries by annualized interest rate set by the central bank for charging commercial, depository banks for loans to meet temporary shortages of funds.
Country or currency union | Central bank interest rate (%) | Date of last change | Average inflation rate 2013–2017 (%) by WB and IMF [1] [2] as in the List | Central bank interest rate minus average inflation rate (2013–2017) | Central bank interest rate divided by average inflation rate (2013–2017) |
---|---|---|---|---|---|
Albania | 1.00 | 25 March 2022 [3] | 1.75 | -0.75 | 0.57 |
Angola | 20.00 | 2 July 2021 [4] | 17.54 | -2.04 | 0.88 |
Argentina | 75.00 | 15 September 2022 [5] | 31.17 | 6.83 | 2.18 |
Armenia | 9.25 | 16 March 2022 [6] | 2.38 | 3.37 | 2.41 |
Australia | 2.85 | 1 November 2022 [7] | 1.93 | 0.92 | 1.48 |
Azerbaijan | 7.75 | 22 March 2022 [8] | 6.51 | 1.74 | 1.27 |
Bahamas | 4.00 | 22 December 2016 [9] | 0.97 | 3.03 | 4.10 |
Bahrain | 3.75 | 15 June 2022 [10] | 2.40 | 0.10 | 1.04 |
Bangladesh | 4.00 | 19 July 2021 [11] | 6.38 | -0.38 | 0.94 |
Barbados | 7.00 | 1 June 2009 [9] | 1.67 | 5.33 | 4.20 |
Belarus | 9.25 | 21 July 2021 [12] | 13.47 | -3.97 | 0.71 |
Bolivia | 4.00 | 3 November 2021 [13] | |||
Botswana | 3.75 | 8 October 2020 [14] | 3.89 | 1.11 | 1.29 |
Brazil | 13.25 | 15 June 2022 [15] | 6.73 | -4.48 | 0.33 |
Bulgaria | 0.00 | 29 January 2016 [9] | 0.12 | -0.12 | 0.00 |
Canada | 3.75 | 7 September 2022 [16] | 1.40 | 0.35 | 1.25 |
Cape Verde | 5.50 | 7 June 2017 [9] | 0.15 | 5.35 | 36.87 |
Central African States | 3.50 | 6 December 2021 [17] | |||
Chile | 8.25 | 5 May 2022 [18] | 3.30 | -1.55 | 0.53 |
China | 3.70 | 20 December 2021 [19] | 1.93 | 2.27 | 2.17 |
Colombia | 6.00 | 29 April 2022 [20] | |||
Costa Rica | 5.50 | 20 June 2022 [21] | |||
DR Congo | 8.50 | 17 June 2021 [22] | 11.46 | -2.46 | 0.79 |
Croatia | 3.00 | 17 September 2017 [23] | |||
Czech Republic | 7.00 | 22 June 2022 [24] | 1.04 | 0.96 | 1.92 |
Denmark | 0.65 | 8 September 2022 [25] | 0.64 | -1.39 | -1.17 |
Dominican Republic | 5.50 | 6 April 2022 [26] | 2.69 | 2.56 | 1.95 |
Eastern Caribbean | 6.50 | [9] | |||
Egypt | 9.75 | 22 March 2022 [27] | 14.41 | -1.16 | 0.92 |
Eurozone | 1.25 | 8 September 2022 [28] | |||
Fiji | 0.50 | 2 November 2011 [9] | 2.40 | -1.90 | 0.21 |
Gambia | 10.00 | 28 May 2020 [29] | 6.74 | 13.26 | 2.97 |
Georgia | 10.50 | 8 December 2021 [30] | 2.93 | 4.07 | 2.39 |
Ghana | 17.00 | 22 March 2022 [31] | 14.79 | 5.21 | 1.35 |
Guatemala | 1.75 | 1 June 2020 [32] | |||
Honduras | 3.00 | 27 November 2020 [33] | |||
Hong Kong | 4.25 | 3 November 2022 [34] | 3.12 | -1.12 | 0.64 |
Hungary | 13.00 | 27 September 2022 [35] | 0.83 | 0.07 | 1.08 |
Iceland | 5.5 | 23 June 2022 [36] | 2.20 | 1.05 | 1.48 |
India | 4.90 | 8 June 2022 | 6.12 | 0.88 | |
Indonesia | 3.50 | 1 August 2021 [37] | 5.29 | 0.71 | 1.13 |
Iran | 18.00 | 1 May 2016 | 7.37 | 0.63 | 1.04 |
Israel | 2.75 | 25 October 2022 [38] | 0.21 | 0.04 | 1.19 |
Jamaica | 2.50 | 20 December 2021 [39] | 5.37 | -4.87 | 0.09 |
Japan | -0.10 | 29 January 2016 [40] | -0.26 | 0.16 | 0.38 |
Jordan | 2.50 | 15 January 2021 [41] | 5.37 | 1.85 | 1.90 |
Kazakhstan | 13.50 | 24 February 2022 [42] | 8.21 | 0.79 | 1.10 |
Kenya | 7.00 | 1 October 2021 [43] | 6.70 | 3.30 | 1.49 |
Kuwait | 2.25 | 15 June 2022 [10] | 2.85 | -0.10 | 0.97 |
Kyrgyzstan | 10.00 | 1 March 2022 [44] | 4.81 | 0.19 | 1.04 |
Malawi | 12.00 | 24 November 2020 [45] | 21.26 | -7.76 | 0.64 |
Malaysia | 2.75 | 3 November 2022 [46] | 2.66 | -0.41 | 0.85 |
Mauritius | 2.00 | 10 March 2022 [47] | 2.53 | 1.47 | 1.58 |
Mexico | 8.5 | 11 August 2022 [48] | 3.88 | 3.62 | 1.94 |
Moldova | 12.50 | 25 March 2022 [49] | 6.45 | -3.2 | 0.5 |
Mongolia | 6.00 | 23 November 2020 [50] | 6.80 | 4.20 | 1.62 |
Morocco | 2.00 | 27 September 2022 [51] | 1.26 | 0.99 | 1.79 |
Mozambique | 13.25 | 27 January 2021 [52] | 8.40 | 4.35 | 1.52 |
Namibia | 4.00 | 12 February 2022 [53] | 5.44 | 1.06 | 1.20 |
New Zealand | 3.00 | 17 August 2022 [54] | 1.03 | -0.03 | 0.97 |
Nicaragua | 4.00 | 13 April 2022 [55] | |||
Nigeria | 11.50 | 26 November 2020 [56] | 11.49 | 2.01 | 1.18 |
North Macedonia | 1.25 | 13 October 2021 [57] | 0.65 | 2.60 | 4.97 |
Norway | 2.25 | 22 September 2022 [58] | 2.35 | -0.85 | 0.64 |
Pakistan | 15.00 | 7 July 2022 [59] | 5.03 | 3.97 | 2.63 |
Paraguay | 6.25 | 22 March 2022 [60] | 3.70 | 1.80 | 1.49 |
Peru | 4.50 | 7 April 2022 [61] | 3.20 | -2.95 | 0.08 |
Philippines | 2.00 | 12 October 2021 [62] | 2.18 | 1.82 | 1.83 |
Poland | 6.75 | 7 September 2022 [63] | 0.31 | ||
Qatar | 2.25 | 15 June 2022 [10] | 2.27 | 2.73 | 2.21 |
Romania | 5.50 | 8 August 2022 [64] | 0.83 | 1.67 | 3.00 |
Russia | 7.50 | 19 September 2022 [65] | 8.10 | -3.85 | 0.52 |
Rwanda | 5.00 | 15 February 2022 [66] | 5.22 | 0.78 | 1.15 |
Samoa | 0.19 | 1 June 2019 [9] | 0.77 | -0.58 | 0.25 |
Saudi Arabia | 2.25 | 15 June 2022 [10] | 2.31 | -0.06 | 0.97 |
Serbia | 1.50 | 7 April 2022 [67] | 3.05 | -0.55 | 0.82 |
Seychelles | 2.00 | 5 July 2021 [68] | |||
Sierra Leone | 14.00 | 15 October 2021 [9] | 9.08 | 3.92 | 1.43 |
South Africa | 3.75 | 19 November 2021 [69] | 5.64 | 0.86 | 1.15 |
South Korea | 3.00 | 12 October 2022 [70] | 1.24 | 0.01 | 1.01 |
Sri Lanka | 13.50 | 8 April 2022 [71] | 5.09 | 2.16 | 1.42 |
Sweden | 1.75 | 20 September 2022 [72] | 0.50 | -0.75 | -0.50 |
Switzerland | 0.50 | 22 September 2022 [9] [73] | -0.26 | -0.49 | 2.91 |
Taiwan | 1.375 | 17 March 2022 [74] | |||
Tajikistan | 12.00 | 29 April 2021 [75] | 6.03 | 7.22 | 2.20 |
Thailand | 0.50 | 23 December 2020 [76] | 0.80 | 0.70 | 1.88 |
Trinidad and Tobago | 3.50 | 30 December 2020 [77] | 4.09 | 5.16 | 2.26 |
Tunisia | 6.25 | 1 October 2020 [78] | 4.93 | 2.82 | 1.57 |
Turkey | 9.00 | 24 November 2022 [79] | 8.58 | 5.42 | 1.63 |
Uganda | 6.50 | 16 June 2021 [80] | 4.89 | 5.11 | 2.04 |
Ukraine | 25.00 | 2 June 2022 [81] | 16.73 | -10.23 | 0.36 |
UAE | 1.50 | 16 March 2020 [82] | 2.22 | -0.22 | 0.90 |
United Kingdom | 3.00 | 3 November 2022 [83] | 1.47 | -0.72 | |
United States | 3.00 | 21 September 2022 [84] | 1.75 | ||
Uruguay | 10.25 | 15 August 2022 [85] | 8.39 | ||
Uzbekistan | 17.00 | 21 March 2022 [86] | |||
Vietnam | 4.00 | 30 September 2020 [87] | 3.65 | 2.35 | 1.64 |
West African States | 4.00 | 1 October 2021 [9] | |||
Zambia | 9.00 | 24 November 2021 [88] | 9.79 | 0.46 | 1.05 |
Zimbabwe | 60.00 | 6 April 2022 [89] | |||
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