Interest rates

Any country has its own interest rates of central banks. These rates define the general level of rates for credits in financial institutions of a country. That, in its turn defines profitability of deposits in commercial banks and securities. The higher the rates are in the country the more it is profitable to hold assets in the currency and financial obligations of that country. Other things being equal it all leads to extension of purchases of the national currency by investors and to the growth of its quotation.

Monetary policy of a central bank must be adequate to the economic condition (current and future) in the country it should aggressively react to the growth/collapse of inflation indicators on the on hand and on the other hand react to the growth/fall of economy itself. The market is not interested in artificially overrated volume of rates in the country where unbalanced money and credit policy of government leads to potential default or recession of economics.

Interest rates for central banks

Central Bank Current Rate Next Meeting Last Change
Federal Reserve (FED) 0.0%-0.25% Jan 29, 2014 Dec 16, 2008 (-75bp)
European Central Bank (ECB) 0.2% Feb 06, 2014 Nov 07, 2013 (-25bp)
Bank of England (BOE) 0.5% Feb 06, 2014 Mar 05, 2009 (-50bp)
Swiss National Bank (SNB) 0.0% Mar 20, 2014 Aug 03, 2011 (-25bp)
Reserve Bank of Australia (RBA) 2.5% Feb 04, 2014 Aug 06, 2013 (-25bp)
Bank of Canada (BOC) 1.0% Jan 22, 2014 Sep 08, 2010 (25bp)
Reserve Bank of New Zealand (RBNZ) 2.5% Jan 29, 2014 Mar 09, 2011 (-50bp)
Bank of Japan (BOJ) 0.1% Jan 22, 2014 Dec 19, 2008 (-20bp)

Interest rates for major countries

Country Current Rate Previous Last Change
Egypt 9.25% 8.25% 11/24/11 09:00 GMT
South Africa 5.00% 5.50% 07/19/12 13:00 GMT
Australia 3.50% 3.75% 06/05/12 04:30 GMT
China 6.00% 6.31% 07/05/12 11:00 GMT
Hong Kong SAR 0.50% 1.50% 12/17/08 02:00 GMT
India 8.00% 8.50% 04/17/12 05:30 GMT
Japan 0.10% 0.30% 12/19/08 05:27 GMT
Korea 3.00% 3.25% 07/12/12 01:00 GMT
New Zealand 2.50% 3.00% 03/09/11 20:00 GMT
Taiwan 1.875% 1.750% 07/01/11 17:00 GMT
Czech Republic 0.75% 1.00% 05/06/10 11:00 GMT
Denmark 1.25% 1.00% 07/08/11 08:00 GMT
European Monetary Union 0.75% 1.00% 07/05/12 11:45 GMT
Hungary 6.75% 7.00% 08/28/12 13:00 GMT
Iceland 5.75% 5.50% 06/13/12 08:00 GMT
Norway 1.50% 1.75% 03/14/12 13:00 GMT
Poland 4.75% 4.50% 05/09/12 09:00 GMT
Sweden 1.25% 1.50% 09/06/12 07:30 GMT
Switzerland 0.00% 0.25% 08/03/11 07:00 GMT
United Kingdom 0.50% 1.00% 03/05/09 12:00 GMT
Turkey 5.75% 6.25% 08/05/11 13:00 GMT
Canada 1.00% 0.75% 09/08/10 13:00 GMT
United States 0.25% 1.00% 12/16/08 19:15 GMT
Brazil 7.50% 8.00% 08/29/12 22:00 GMT
Colombia 5.00% 5.25% 07/27/12 17:00 GMT