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 (%) | 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 | 2.75 | 0.25 | 6 November 2024 [4] | 1.78 | 0.97 |
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 | 32.00 | 3.00 | 5 December 2024 [7] | 40.85 | -8.85 |
Armenia | 7.00 | 0.25 | 10 December 2024 [8] | 2.62 | 4.38 |
Australia | 4.35 | 0.25 | 8 November 2023 [9] | 1.78 | 2.57 |
Azerbaijan | 7.25 | 0.25 | 2 May 2024 [10] | 5.02 | 2.23 |
Bahamas | 4.00 | 0.50 | 22 December 2016 [11] | 1.86 | 2.14 |
Bahrain | 5.00 | 0.25 | 19 December 2024 [12] | 0.63 | 4.37 |
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 | 3.08 | 0.06 | 1 October 2024 [16] | 1.83 | 1.25 |
Botswana | 1.90 | 0.25 | 22 August 2024 [17] | 3.40 | -1.50 |
Brazil | 12.25 | 1.00 | 11 December 2024 [18] | 4.35 | 7.90 |
Bulgaria | 3.43 | 0.11 | 1 October 2024 [19] | 1.92 | 1.51 |
Canada | 3.25 | 0.50 | 12 December 2024 [20] | 1.94 | 1.31 |
Cape Verde | 1.50 | 0.25 | 16 May 2024 [21] | 1.05 | 0.45 |
Central African States | 5.00 | 0.50 | 27 March 2023 [22] | ||
Chile | 5.00 | 0.25 | 18 December 2024 [23] | 2.80 | 2.20 |
China | 3.10 | 0.25 | 21 October 2024 [24] | 2.00 | 1.10 |
Colombia | 9.50 | 0.25 | 23 December 2024 [25] | 3.36 | 6.14 |
Costa Rica | 4.00 | 0.25 | 18 October 2024 [26] | 1.60 | 2.40 |
DR Congo | 25.00 | 14.00 | 8 August 2023 [27] | 18.09 | 6.91 |
Curacao | 4.75 | 0.50 | 29 November 2024 [28] | ||
Czech Republic | 4.00 | 0.25 | 8 November 2024 [29] | 2.67 | 1.33 |
Denmark | 2.60 | 0.25 | 13 December 2024 [30] | 0.85 | 1.75 |
Dominican Republic | 6.00 | 0.25 | 2 December 2024 [31] | 4.05 | 1.95 |
Eastern Caribbean | 3.00 | 1.00 | 28 January 2024 [32] | ||
Egypt | 27.25 | 6.00 | 6 March 2024 [33] | 13.69 | 13.56 |
Eswatini | 7.25 | 0.25 | 21 October 2024 [34] | 4.36 | 2.89 |
Eurozone | 3.00 | 0.25 | 18 December 2024 [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 | 8.00 | 0.25 | 23 May 2024 [38] | 5.59 | 2.41 |
Ghana | 27.00 | 2.00 | 27 September 2024 [39] | 9.70 | 17.30 |
Guatemala | 4.75 | 0.25 | 25 September 2024 [40] | 3.97 | 0.78 |
Honduras | 5.75 | 1.75 | 26 October 2024 [41] | 4.14 | 1.61 |
Hong Kong | 4.75 | 0.25 | 19 December 2024 [42] | 1.79 | 2.96 |
Hungary | 6.50 | 0.25 | 25 September 2024 [43] | 3.30 | 3.20 |
Iceland | 8.50 | 0.50 | 20 November 2024 [44] | 2.91 | 5.59 |
India | 6.50 | 0.25 | 8 February 2023 [45] | 4.70 | 1.80 |
Indonesia | 6.00 | 0.25 | 18 September 2024 [46] | 2.70 | 3.30 |
Iran | 23.00 | 0.60 | 8 March 2023 [47] | 30.05 | -7.05 |
Israel | 4.50 | 0.25 | 1 January 2024 [48] | 0.55 | 3.95 |
Jamaica | 6.00 | 0.25 | 23 December 2024 [49] | 4.57 | 1.43 |
Japan | 0.25 | 0.15 | 31 July 2024 [50] | 0.35 | -0.10 |
Jordan | 6.50 | 0.25 | 12 December 2024 [51] | 2.16 | 4.34 |
Kazakhstan | 15.25 | 1.00 | 2 December 2024 [52] | 6.61 | 8.64 |
Kenya | 11.25 | 0.75 | 5 December 2024 [53] | 5.81 | 5.44 |
Kuwait | 4.00 | 0.25 | 19 September 2024 [54] | 1.69 | 2.31 |
Kyrgyzstan | 9.00 | 2.00 | 28 May 2024 [55] | 5.03 | 3.97 |
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 |
Macau | 4.75 | 0.25 | 19 December 2024 [58] | ||
Malawi | 26.00 | 2.00 | 1 February 2024 [59] | 9.65 | 16.35 |
Malaysia | 3.00 | 0.25 | 3 May 2023 [60] | 1.36 | 1.64 |
Mauritius | 4.00 | 0.50 | 20 September 2024 [61] | 3.01 | 0.99 |
Mexico | 10.00 | 0.25 | 20 December 2024 [62] | 4.67 | 5.33 |
Moldova | 3.60 | 0.15 | 7 May 2024 [63] | 4.34 | -0.74 |
Mongolia | 10.00 | 1.00 | 16 September 2024 [64] | 5.50 | 4.50 |
Morocco | 2.50 | 0.25 | 18 December 2024 [65] | 0.92 | 1.58 |
Mozambique | 12.75 | 0.75 | 27 November 2024 [66] | 6.22 | 6.53 |
Namibia | 7.00 | 0.25 | 4 December 2024 [67] | 4.08 | 2.92 |
New Zealand | 4.25 | 0.50 | 27 November 2024 [68] | 1.95 | 2.30 |
Nicaragua | 7.00 | 0.50 | 15 December 2022 [69] | 4.40 | 2.60 |
Nigeria | 27.50 | 0.25 | 27 November 2024 [70] | 14.03 | 13.47 |
North Macedonia | 5.80 | 0.25 | 24 October 2024 [71] | 1.58 | 4.22 |
Norway | 4.50 | 0.25 | 15 December 2023 [72] | 2.14 | 2.36 |
Oman | 5.00 | 0.25 | 18 December 2024 [73] | 0.94 | 4.06 |
Pakistan | 13.00 | 2.00 | 17 December 2024 [74] | 6.89 | 6.11 |
Papua New Guinea | 4.00 | 1.00 | 20 September 2024 [75] | 4.46 | -0.46 |
Paraguay | 6.00 | 0.25 | 21 March 2024 [76] | 3.12 | 2.88 |
Peru | 5.00 | 0.25 | 7 November 2024 [77] | 2.25 | 3.00 |
Philippines | 5.75 | 0.25 | 20 December 2024 [78] | 3.50 | 2.25 |
Poland | 5.75 | 0.25 | 5 October 2023 [79] | 2.74 | 3.01 |
Qatar | 4.85 | 0.30 | 22 December 2024 [80] | -0.04 | 4.89 |
Romania | 6.50 | 0.25 | 8 August 2024 [81] | 3.35 | 3.15 |
Russia | 21.00 | 2.00 | 28 October 2024 [82] | 4.07 | 16.93 |
Rwanda | 6.50 | 0.50 | 21 August 2024 [83] | 3.75 | 2.75 |
Samoa | 0.37 | 0.09 | 18 July 2024 [84] | 1.13 | -0.93 |
Saudi Arabia | 5.00 | 0.25 | 18 December 2024 [85] | 1.24 | 3.76 |
Serbia | 5.75 | 0.25 | 12 September 2024 [86] | 2.31 | 3.44 |
Seychelles | 1.75 | 0.25 | 26 March 2024 [87] | 3.91 | -2.16 |
Sierra Leone | 24.75 | 0.50 | 30 September 2024 [88] | 14.77 | 9.98 |
Sint Maarten | 4.75 | 0.50 | 29 November 2024 [89] | ||
South Africa | 7.75 | 0.25 | 22 November 2024 [90] | 4.34 | 3.41 |
South Korea | 3.00 | 0.25 | 28 November 2024 [91] | 1.31 | 1.69 |
South Sudan | 15.00 | 3.00 | 22 March 2023 [92] | 73.91 | -58.91 |
Sri Lanka | 8.00 | 0.25 | 27 November 2024 [93] | 4.97 | 3.03 |
Sudan | 100.90 | ||||
Suriname | 10.00 | 1.00 | September 18, 2013 [94] | 24.53 | -14.53 |
Sweden | 2.50 | 0.25 | 8 January 2025 [95] | 1.66 | 0.84 |
Switzerland | 0.50 | 0.50 | 13 December 2024 [96] | 0.31 | 0.19 |
Taiwan | 2.00 | 0.125 | 22 March 2024 [97] | 0.91 | 1.09 |
Tajikistan | 9.00 | 0.25 | 5 August 2024 [98] | 7.10 | 1.90 |
Thailand | 2.25 | 0.25 | 16 October 2024 [99] | 0.49 | 1.76 |
Trinidad and Tobago | 3.50 | 1.50 | 17 March 2020 [100] | 1.11 | 2.39 |
Tunisia | 8.00 | 0.75 | 2 January 2023 [101] | 6.14 | 1.86 |
Turkey | 47.50 | 2.50 | 26 December 2024 [102] | 14.38 | 35.62 |
Uganda | 9.75 | 0.25 | 7 October 2024 [103] | 3.11 | 6.64 |
Ukraine | 13.50 | 0.50 | 13 December 2024 [104] | 9.11 | 4.39 |
UAE | 4.40 | 0.25 | 19 December 2024 [105] | 0.61 | 3.79 |
United Kingdom | 4.75 | 0.25 | 7 November 2024 [106] | 2.00 | 2.75 |
United States | 4.50 | 0.25 | 19 December 2024 [107] | 2.46 | 2.04 |
Uruguay | 8.75 | 0.25 | 24 December 2024 [108] | 7.80 | 0.95 |
Uzbekistan | 13.50 | 0.50 | 26 July 2024 [109] | 13.95 | -0.45 |
Vietnam | 4.50 | 0.50 | 16 June 2023 [110] | 3.02 | 1.48 |
West African States | 3.50 | 0.25 | 16 December 2023 [111] | ||
Zambia | 14.00 | 0.50 | 13 November 2024 [112] | 12.25 | 1.75 |
Zimbabwe | 35.00 | 15.00 | 27 September 2024 [113] | 183.31 | -148.31 |
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