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Home › Interest rates

Central bank interest rates by country

The policy rate is the rate a central bank sets to steer borrowing costs, inflation and the currency. Rising rates usually weigh on stocks that depend on cheap money and help banks; falling rates usually do the opposite. Click a column header to sort.

Fed funds, effective3.88%
Fed target range3.75–4.00%
Cut in the last 12 months17 of 38
Raised in the last 12 months12 of 38

Policy rate by country

CountryCentral bankPolicy rateLast change12-month moveAs of
Australia AUReserve Bank of Australia4.60% +0.25 pt 30 Sep 2026 +1.00 pt 8 Oct 2026
Brazil BRCentral Bank of Brazil13.75% −0.25 pt 17 Sep 2026 −1.25 pt 13 Oct 2026
Canada CABank of Canada2.25% −0.25 pt 30 Oct 2025 −0.25 pt 12 Oct 2026
Chile CLCentral Bank of Chile4.50% −0.25 pt 17 Dec 2025 −0.25 pt 13 Oct 2026
China CNPeople's Bank of China3.00% −0.10 pt 20 May 2025 unchanged 13 Oct 2026
Colombia COCentral Bank of Colombia12.25% +0.25 pt 1 Oct 2026 +3.00 pt 9 Oct 2026
Czechia CZCzech National Bank3.75% +0.25 pt 19 Jun 2026 +0.25 pt 12 Oct 2026
Denmark DKDanmarks Nationalbank2.10% +0.25 pt 11 Sep 2026 +0.50 pt 12 Oct 2026
Egypt EGCentral Bank of Egypt19.00% −1.00 pt 12 Feb 2026 – 19 Oct 2026 checked by hand
Euro area EUEuropean Central Bank2.50% +0.25 pt 16 Sep 2026 +0.50 pt 13 Oct 2026
Hong Kong SAR HKHong Kong Monetary Authority4.25% +0.25 pt 17 Sep 2026 −0.25 pt 7 Oct 2026
Hungary HUHungarian National Bank5.50% −0.25 pt 26 Aug 2026 −1.00 pt 7 Oct 2026
Iceland ISCentral Bank of Iceland8.00% +0.25 pt 19 Aug 2026 +0.50 pt 13 Oct 2026
India INReserve Bank of India5.25% −0.25 pt 5 Dec 2025 −0.25 pt 23 Jul 2026
Indonesia IDBank Indonesia5.75% +0.25 pt 18 Jun 2026 +1.00 pt 5 Oct 2026
Israel ILBank of Israel3.25% −0.25 pt 3 Sep 2026 −1.25 pt 30 Sep 2026
Japan JPBank of Japan1.25% +0.25 pt 24 Sep 2026 +0.75 pt 13 Oct 2026
Korea KRBank of Korea3.00% +0.25 pt 27 Aug 2026 +0.50 pt 8 Oct 2026
Kuwait KWCentral Bank of Kuwait3.50% −0.25 pt 11 Dec 2025 −0.25 pt 13 Oct 2026
Malaysia MYBank Negara Malaysia2.75% −0.25 pt 9 Jul 2025 unchanged 13 Oct 2026
Mexico MXBank of Mexico6.50% −0.25 pt 8 May 2026 −1.00 pt 13 Oct 2026
Morocco MABank Al-Maghrib (Central Bank of Morocco)2.25% −0.25 pt 20 Mar 2025 unchanged 31 Aug 2026
New Zealand NZReserve Bank of New Zealand2.75% +0.25 pt 3 Sep 2026 +0.25 pt 9 Oct 2026
Nigeria NGCentral Bank of Nigeria23.00% −3.50 pt 22 Sep 2026 – 19 Oct 2026 checked by hand
North Macedonia MKNational Bank of the Republic of Macedonia4.25% +0.25 pt 17 Jun 2026 −1.10 pt 9 Oct 2026
Norway NONorges Bank4.50% +0.25 pt 25 Sep 2026 +0.50 pt 8 Oct 2026
Pakistan PKState Bank of Pakistan11.50% – – 19 Oct 2026 checked by hand
Peru PECentral Reserve Bank of Peru4.25% −0.25 pt 12 Sep 2025 unchanged 12 Oct 2026
Philippines PHBangko Sentral ng Pilipinas5.00% +0.25 pt 28 Aug 2026 unchanged 9 Oct 2026
Poland PLNational Bank of Poland3.75% −0.25 pt 5 Mar 2026 −0.75 pt 13 Oct 2026
Romania RONational Bank of Romania6.50% −0.25 pt 8 Aug 2024 unchanged 13 Oct 2026
Russia RUBank of Russia14.00% −0.25 pt 27 Jul 2026 −3.00 pt 13 Oct 2026
Saudi Arabia SASaudi Arabian Monetary Authority4.50% +0.25 pt 16 Sep 2026 −0.25 pt 13 Oct 2026
Serbia RSNational Bank of Serbia5.75% −0.25 pt 12 Sep 2024 unchanged 12 Oct 2026
South Africa ZASouth African Reserve Bank7.25% +0.25 pt 25 Sep 2026 +0.25 pt 12 Oct 2026
Sweden SESveriges Riksbank1.75% −0.25 pt 1 Oct 2025 unchanged 13 Oct 2026
Switzerland CHSwiss National Bank0.00% −0.25 pt 20 Jun 2025 unchanged 13 Oct 2026
Taiwan TWCentral Bank of the Republic of China (Taiwan)2.00% – – 19 Oct 2026 checked by hand
Thailand THBank of Thailand1.00% −0.25 pt 25 Feb 2026 −0.50 pt 8 Oct 2026
Türkiye TRCentral Bank of the Republic of Turkey37.00% −1.00 pt 23 Jan 2026 −3.50 pt 9 Oct 2026
United Kingdom GBBank of England3.75% −0.25 pt 18 Dec 2025 −0.25 pt 12 Oct 2026
United States USUS Federal Reserve System3.88% +0.25 pt 17 Sep 2026 −0.25 pt 13 Oct 2026
Vietnam VNState Bank of Vietnam4.50% – – 19 Oct 2026 checked by hand

How this page is built

Most rates come from the Bank for International Settlements, which publishes the daily policy rate of 38 central banks, and the US figures from the New York Fed. Both refresh every night. 5 central banks the BIS does not cover are checked by hand against the bank's own decisions and news reports; they show the date they were last checked, and hover text on "checked by hand" gives the latest decision. "Last change" is the size and date of the latest move since 2021; "12-month move" compares with the rate a year earlier. The US figure is the middle of the Fed's target range; the exact range is above. Euro-area countries share the European Central Bank's rate. A rate in this table is a headline policy rate, not what a household pays on a loan.

Educational only, not financial advice.