WORLD INTEREST RATES TABLE
Please find in the table below interest rates around the world for all the major financial districts. The table itself is updated monthly, and you will the last date the rates were set per country and the next scheduled update. Interest rates provide an insight on the condition of a national economy – lower interest rates can encourage domestic investment, commerce and productivity.
Last Updated: January 2009
The rates can also affect the value of the national currency versus other countries' offering. For example, when interest rates are higher in the United States than in other countries, non-US companies and individuals want to invest their funds here in order to earn a high return. The resulting increase in the demand for the dollar pushes up the value of the dollar. The opposite can happen when U.S. interest rates are low.
| Major Central Banks Overview | ||||
| Central Bank | Next Meeting | Last Change | Current Interest Rate | |
| Bank of Canada | Jan 20 2009 | Dec 09 2008 | 1.5% | |
| Bank of England | Jan 08 2009 | Dec 04 2008 | 2% | |
| Bank of Japan | Jan 20 2009 | Dec 19 2008 | 0.1% | |
| European Central Bank | Jan 15 2009 | Dec 04 2008 | 2.5% | |
| Federal Reserve | Jan 28 2009 | Dec 16 2008 | 0.25% | |
| Swiss National Bank | Mar 12 2009 | Dec 11 2008 | 0.5% | |
| The Reserve Bank of Australia | Feb 03 2009 | Dec 02 2008 | 4.25% | |
| Africa | ||||
| Country | Current Interest Rate | Previous | Last Change | |
| Egypt | 11.5% | 11.0% | Sep 22 2008 | |
| South Africa | 11.5% | 12.0% | Dec 11 2008 | |
| Asia Pacific | ||||
| Country | Current Interest Rate | Previous | Last Change | |
| Australia | 4.25% | 5.25% | Dec 02 2008 | |
| China | 5.58% | 6.66% | Nov 26 2008 | |
| Hong Kong SAR | 0.5% | 1.5% | Dec 17 2008 | |
| India | 7.5% | 8.0% | Nov 01 2008 | |
| Japan | 0.1% | 0.3% | Dec 19 2008 | |
| Korea, Republic of | 3.% | 4.% | Dec 11 2008 | |
| New Zealand | 5.0% | 6.5% | Dec 03 2008 | |
| Taiwan | 2.00% | 2.75% | Dec 11 2008 | |
| Europe | ||||
| Country | Current Interest Rate | Previous | Last Change | |
| Czech Republic | 2.25% | 2.75% | Dec 17 2008 | |
| European Monetary Union | 2.50% | 3.25% | Dec 04 2008 | |
| Hungary | 10.5% | 11.0% | Dec 08 2008 | |
| Iceland | 18.% | 12.% | Oct 28 2008 | |
| Norway | 3.00% | 4.75% | Dec 17 2008 | |
| Slovakia | 3.25% | 3.75% | Nov 11 2008 | |
| Sweden | 2.00% | 3.75% | Dec 04 2008 | |
| Switzerland | 0.5% | 1.0% | Dec 11 2008 | |
| United Kingdom | 2.% | 3.% | Dec 04 2008 | |
| Middle East | ||||
| Country | Current Interest Rate | Previous | Last Change | |
| Turkey | 15.00% | 16.25% | Dec 19 2008 | |
| North America | ||||
| Country | Current Interest Rate | Previous | Last Change | |
| Canada | 1.50% | 2.25% | Dec 09 2008 | |
| United States | 0.25% | 1.00% | Dec 16 2008 | |
| South America | ||||
| Country | Current Interest Rate | Previous | Last Change | |
| Brazil | 13.75% | 13.00% | Sep 10 2008 | |