Policy Rate
The policy interest rate is the rate set by the central bank as a short-term interest rate. It is used by the central bank to charge commercial banks when they borrow money or pay commercial banks when they deposit money with the central bank. It also serves as the lending rate between banks.
“The policy interest rate thus acts as the baseline interest rate of the economy.”
Federal Reserve
System ๐บ๐ธ
4.50%
Changed: Dec 18, 2024
European Central
Bank ๐ช๐บ
2.65%
Changed: Mar 6, 2025
People’s Bank
of China ๐จ๐ณ
1.50%
Changed: Sep 27, 2024
Bank of
Japan ๐ฏ๐ต
0.50%
Changed: Jan 24, 2025
Bank of
England ๐ฌ๐ง
4.50%
Changed: Feb 6, 2025
Reserve Bank of
Australia ๐ฆ๐บ
4.10%
Changed: Feb 19, 2025
Swiss National
Bank ๐จ๐ญ
0.25%
Changed: Mar 20, 2025
Bank of
Canada ๐จ๐ฆ
2.75%
Changed: Mar 12, 2025
Hong Kong Monetary
Authority ๐ญ๐ฐ
4.75%
Changed: Dec 19, 2024
Bank of
Korea ๐ฐ๐ท
2.75%
Changed: Feb 25, 2025
Central Bank of the
Republic of China ๐น๐ผ
2%
Changed: Sep 19, 2024
Bank of
Thailand ๐น๐ญ
2.00%
Changed: Feb 26, 2025
| India ๐ฎ๐ณ | 6.25% | Feb 2025 |
| Brazil ๐ง๐ท | 14.25% | Jan 2025 |
| Mexico ๐ฒ๐ฝ | 9.50% | Feb 2025 |
| Sweden ๐ธ๐ช | 2.25% | Jan 2025 |
| Norway ๐ณ๐ด | 4.50% | Dec 2023 |
| Indonesia ๐ฎ๐ฉ | 5.75% | Jan 2025 |
| Philippines ๐ต๐ญ | 5.75% | Dec 2024 |
| Vietnam ๐ป๐ณ | 4.50% | Jun 2023 |
| Saudi Arabia ๐ธ๐ฆ | 5% | Dec 2024 |
| UAE ๐ฆ๐ช | 4.40% | Dec 2024 |
The U.S. policy interest rate represents the upper bound of the Federal Funds Rate target range set by the Federal Reserve.
The Chinese policy interest rate is based on the 7-Day Reverse Repo rate, which the People’s Bank of China intends to use as the main policy rate instead of the Medium-Term Lending Facility (MLF).
The policy interest rates of these central banks are automatically updated every Saturday from reliable sources. However, we do not take responsibility for any errors that may occur. The content of this website is for informational purposes only and is not intended as financial advice. Any decisions you make based on the information provided are at your own risk.
Know more about the Policy Rate
- Fundamentals of the Policy Rate
- Impacts of Policy Rate adjustments
- Factors leading to Central Bank’s Policy Rate adjustments
Who is Central Bank
- Get to know the Central Bank
- Objectives and Mandates of the Central Bank
- Why do people care about the central bank’s opinions and policies.
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