List of sovereign states by central bank interest rates

Last updated March 31, 2024

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.

List

Country or currency union	Central bank interest rate (%)	Change	Effective date of last change	Average inflation rate 2017–2021 (%) by WB and IMF ^[1]^[2] as in the List	Central bank interest rate minus average inflation rate (2017–2021)
Afghanistan	6.00	3.00	24 July 2021^[3]	3.38	2.62
Albania	3.25	0.25	1 November 2023^[4]	1.78	1.47
Algeria	3.00	0.25	29 April 2020^[5]	4.14	-1.14
Angola	18.00	1.00	21 November 2023^[6]	22.64	-4.64
Argentina	80.00	20.00	11 March 2024^[7]	40.85	39.15
Armenia	8.50	0.25	12 March 2024^[8]	2.62	5.88
Australia	4.35	0.25	8 November 2023^[9]	1.78	2.57
Azerbaijan	7.50	0.25	28 March 2024^[10]	5.02	2.48
Bahamas	4.00	0.50	22 December 2016^[11]	1.86	2.14
Bahrain	6.25	0.25	26 July 2023^[12]	0.63	5.62
Bangladesh	6.50	0.50	1 July 2023^[13]	5.58	0.92
Barbados	2.00	5.00	1 April 2020^[14]	3.51	-1.51
Belarus	9.75	0.25	31 May 2023^[15]	6.25	3.50
Bolivia	2.77	0.33	1 July 2023^[16]	1.83	0.94
Botswana	2.40	0.25	7 December 2023^[17]	3.40	-1.00
Brazil	10.75	0.50	20 March 2024^[18]	4.35	6.40
Bulgaria	3.80	0.16	1 December 2023^[19]	1.92	1.88
Canada	5.00	0.25	12 July 2023^[20]	1.94	3.06
Cape Verde	1.25	0.25	31 October 2023^[21]	1.05	0.20
Central African States	5.00	0.50	27 March 2023^[22]
Chile	7.25	1.00	31 January 2024^[23]	2.80	4.45
China	3.45	0.10	21 August 2023^[24]	2.00	1.45
Colombia	12.25	1.00	22 March 2024^[25]	3.36	8.89
Costa Rica	5.25	0.50	22 March 2024^[26]	1.60	3.65
DR Congo	25.00	14.00	8 August 2023^[27]	18.09	6.91
Curacao	5.50	0.75	10 March 2023^[28]
Czech Republic	5.75	0.50	21 March 2024^[29]	2.67	3.08
Denmark	3.60	0.25	15 September 2023^[30]	0.85	2.75
Dominican Republic	7.00	0.25	30 November 2023^[31]	4.05	2.95
Eastern Caribbean	3.00	1.00	28 January 2024^[32]
Egypt	27.25	6.00	6 March 2024^[33]	13.69	13.56
Eswatini	7.50	0.25	21 July 2023^[34]	4.36	3.14
Eurozone	4.50	0.25	20 September 2023^[35]
Fiji	0.25	0.25	18 March 2020^[36]	1.54	-1.29
Gambia	17.00	1.00	29 August 2023^[37]	6.93	10.07
Georgia	8.25	0.75	15 March 2024^[38]	5.59	2.66
Ghana	29.00	1.00	29 January 2024^[39]	9.70	19.30
Guatemala	5.00	0.25	26 April 2023^[40]	3.97	1.03
Honduras	3.00	0.75	27 November 2020^[41]	4.14	-1.14
Hong Kong	5.75	0.25	27 July 2023^[42]	1.79	3.96
Hungary	8.25	0.75	27 March 2024^[43]	3.30	4.95
Iceland	9.25	0.50	23 August 2023^[44]	2.91	6.34
India	6.50	0.25	8 February 2023^[45]	4.70	1.80
Indonesia	6.00	0.25	19 October 2023^[46]	2.70	3.30
Iran	23.00		31 January 2023^[47]	30.05	-7.05
Israel	4.50	0.25	1 January 2024^[48]	0.55	3.95
Jamaica	7.00	0.50	18 November 2022^[49]	4.57	2.43
Japan	0.10	0.20	21 March 2024^[50]	0.35	-0.25
Jordan	7.50	0.50	30 July 2023^[51]	2.16	5.34
Kazakhstan	14.75	0.50	23 February 2024^[52]	6.61	8.14
Kenya	13.00	0.50	6 February 2024^[53]	5.81	7.19
Kuwait	4.25	0.25	26 July 2023^[54]	1.69	2.56
Kyrgyzstan	13.00	1.00	29 November 2022^[55]	5.03	7.97
Lebanon	20.00	10.00	April 2023^[56]	39.55	-19.55
Lesotho	7.75	0.25	29 May 2023^[57]	5.04	2.71
Malawi	26.00	2.00	1 February 2024^[58]	9.65	16.35
Malaysia	3.00	0.25	3 May 2023^[59]	1.36	1.64
Mauritius	4.50	0.50	14 December 2022^[60]	3.01	1.49
Mexico	11.00	0.25	22 March 2024^[61]	4.67	6.33
Moldova	3.75	0.50	21 March 2024^[62]	4.34	-0.59
Mongolia	12.00	1.00	16 December 2022^[63]	5.50	6.50
Morocco	3.00	0.50	23 March 2023^[64]	0.92	2.08
Mozambique	15.75	0.75	27 March 2024^[65]	6.22	9.53
Namibia	7.75	0.50	14 June 2023^[66]	4.08	3.67
New Zealand	5.50	0.25	24 May 2023^[67]	1.95	3.55
Nicaragua	7.00	0.50	15 December 2022^[68]	4.40	2.60
Nigeria	24.75	2.00	27 February 2024^[69]	14.03	10.72
North Macedonia	6.30	0.15	20 August 2023^[70]	1.58	4.72
Norway	4.50	0.25	15 December 2023^[71]	2.14	2.36
Oman	6.00	0.25	July 26, 2023^[12]	0.94	5.06
Pakistan	22.00	1.00	27 June 2023^[72]	6.89	15.11
Papua New Guinea	3.00	0.50	September 2023^[73]	4.46	-1.46
Paraguay	6.00	0.25	21 March 2024^[74]	3.12	2.88
Peru	6.25	0.25	8 February 2024^[75]	2.25	4.00
Philippines	6.50	0.25	27 October 2023^[76]	3.50	3.00
Poland	5.75	0.25	5 October 2023^[77]	2.74	3.01
Qatar	6.00	0.25	26 July 2023^[78]	-0.04	6.04
Romania	7.00	0.25	11 January 2023^[79]	3.35	3.65
Russia	16.00	1.00	15 December 2023^[80]	4.07	11.93
Rwanda	7.50	0.50	17 August 2023^[81]	3.75	3.75
Samoa	0.20	0.02	18 August 2023^[82]	1.13	-0.93
Saudi Arabia	6.00	0.25	26 July 2023^[12]	1.24	4.76
Serbia	6.50	0.25	8 June 2023^[83]	2.31	4.19
Seychelles	2.00	1.00	5 July 2021^[84]	3.91	-1.91
Sierra Leone	19.25	0.50	10 July 2023^[85]	14.77	4.48
Sint Maarten	5.50	0.75	10 March 2023^[86]
South Africa	8.25	0.50	26 May 2023^[87]	4.34	3.91
South Korea	3.50	0.25	13 January 2023^[88]	1.31	2.19
South Sudan	15.00	3.00	22 March 2023^[89]	73.91	-58.91
Sri Lanka	8.50	0.50	26 March 2024^[90]	4.97	3.53
Sudan				100.90
Suriname	10.00	1.00	September 18, 2013^[91]	24.53	-14.53
Sweden	4.00	0.25	27 September 2023^[92]	1.66	2.34
Switzerland	1.50	0.25	22 March 2024^[93]	0.31	1.19
Taiwan	1.875	0.125	24 March 2023^[94]	0.91	0.965
Tajikistan	9.50	0.50	12 February 2024^[95]	7.10	2.40
Thailand	2.50	0.25	27 September 2023^[96]	0.49	2.01
Trinidad and Tobago	3.50	1.50	17 March 2020^[97]	1.11	2.39
Tunisia	8.00	0.75	2 January 2023^[98]	6.14	1.86
Turkey	50.00	5.00	21 March 2024^[99]	14.38	35.62
Uganda	10.00	0.50	6 March 2024^[100]	3.11	6.89
Ukraine	14.50	0.50	15 March 2024^[101]	9.11	5.39
UAE	5.40	0.25	26 July 2023^[12]	0.61	4.79
United Kingdom	5.25	0.25	3 August 2023^[102]	2.00	3.25
United States	5.50	0.50	26 July 2023^[103]	2.46	3.04
Uruguay	9.00	0.25	29 December 2023^[104]	7.80	1.20
Uzbekistan	14.00	1.00	17 March 2023^[105]	13.95	0.05
Vietnam	4.50	0.50	16 June 2023^[106]	3.02	1.48
West African States	3.50	0.25	16 December 2023^[107]
Zambia	14.75	0.50	26 February 2024^[108]	12.25	2.50
Zimbabwe	150.00	50.00	2 February 2023^[109]	183.31	-33.31

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↑ "Monetary Policy Committee's Decision 5/2023". Bank of Thailand . 27 September 2023.
↑ "CENTRAL BANK REDUCES REPO RATE BY 150 BASIS POINTS; LOWERS RESERVE REQUIREMENT BY 3 PER CENT" (PDF). Central Bank of Trinidad and Tobago . 17 March 2020. Retrieved 6 August 2023.
↑ "Press Release of the BCT Executive Board Meeting Held On 30 December 2022". Banque Centrale de Tunisie . 30 December 2022.
↑ "Press Release on Interest Rates (2024-14)". Central Bank of the Republic of Turkey . 21 March 2024.
↑ "Monetary Policy Statement for March 2024" (PDF). Bank of Uganda . 6 March 2024.
↑ "NBU Key Policy Rate". National Bank of Ukraine . Retrieved 19 March 2024.
↑ "Interest rates and Bank Rate". Bank of England . Retrieved 4 August 2023.
↑ "Federal Reserve issues FOMC statement". Federal Reserve . 26 July 2023.
↑ Parks, Ken (29 December 2023). "Uruguay's Central Bank Cuts Key Rate to 9% on Tame Inflation". BNN Bloomberg .
↑ "Policy rate levels". Central Bank of the Republic of Uzbekistan . Retrieved 9 February 2023.
↑ "SBV adjusts key interest rates". State Bank of Vietnam . 16 June 2023. Retrieved 7 March 2024.
↑ "Communiqué de presse de la réunion ordinaire du Comité de Politique Monétaire de la BCEAO du 6 septembre 2023". Central Bank of West African States (in French). 1 March 2023. Retrieved 6 September 2023.
↑ "2015 – 2024 Decision Making Schedule". Bank of Zambia . Retrieved 7 March 2024.
↑ "Zimbabwe cuts policy rate to 150% as inflation falls". The Zimbabwe Mail . 2 February 2023.

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