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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.

Why do Interest Rates impact Currency Rates?


Major Central Banks Overview
Central BankNext MeetingLast ChangeCurrent Interest Rate
Bank of CanadaJan 20 2009Dec 09 20081.5%
Bank of EnglandJan 08 2009Dec 04 20082%
Bank of JapanJan 20 2009Dec 19 20080.1%
European Central BankJan 15 2009Dec 04 20082.5%
Federal ReserveJan 28 2009Dec 16 20080.25%
Swiss National BankMar 12 2009Dec 11 20080.5%
The Reserve Bank of AustraliaFeb 03 2009Dec 02 20084.25%

Africa
CountryCurrent Interest RatePreviousLast Change
Egypt11.5%11.0%Sep 22 2008
South Africa11.5%12.0%Dec 11 2008

Asia Pacific
CountryCurrent Interest RatePreviousLast Change
Australia4.25%5.25%Dec 02 2008
China5.58%6.66%Nov 26 2008
Hong Kong SAR0.5%1.5%Dec 17 2008
India7.5%8.0%Nov 01 2008
Japan0.1%0.3%Dec 19 2008
Korea, Republic of3.%4.%Dec 11 2008
New Zealand5.0%6.5%Dec 03 2008
Taiwan2.00%2.75%Dec 11 2008

Europe
CountryCurrent Interest RatePreviousLast Change
Czech Republic2.25%2.75%Dec 17 2008
European Monetary Union2.50%3.25%Dec 04 2008
Hungary10.5%11.0%Dec 08 2008
Iceland18.%12.%Oct 28 2008
Norway3.00%4.75%Dec 17 2008
Slovakia3.25%3.75%Nov 11 2008
Sweden2.00%3.75%Dec 04 2008
Switzerland0.5%1.0%Dec 11 2008
United Kingdom2.%3.%Dec 04 2008

Middle East
CountryCurrent Interest RatePreviousLast Change
Turkey15.00%16.25%Dec 19 2008

North America
CountryCurrent Interest RatePreviousLast Change
Canada1.50%2.25%Dec 09 2008
United States0.25%1.00%Dec 16 2008

South America
CountryCurrent Interest RatePreviousLast Change
Brazil13.75%13.00%Sep 10 2008