Main Content
| Country | Central bank discount rate |
|---|---|
| Albania |
1.25%
(31 December 2017)
1.25%
(31 December 2016)
|
| Algeria |
4%
(31 December 2010)
4%
(31 December 2009)
|
| Angola |
9%
(31 December 2014)
25%
(31 December 2010)
|
| Anguilla |
6.5%
(31 December 2010)
6.5%
(31 December 2009)
|
| Antigua and Barbuda |
6.5%
(31 December 2010)
6.5%
(31 December 2009)
|
| Argentina |
NA |
| Armenia |
6.5%
(14 December 2016)
10.5%
(10 February 2015)
note: this is the Refinancing Rate, the key monetary policy instrument of the Armenian National Bank |
| Aruba |
1%
(31 December 2010)
3%
(31 December 2009)
|
| Australia |
3%
(28 February 2013)
4.35%
(31 December 2010)
note: this is the Reserve Bank of Australia's "cash rate target," or policy rate |
| Austria |
0%
(31 December 2017)
0%
(31 December 2010)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| Azerbaijan |
15%
(10 March 2017)
15%
(14 September 2016)
note: this is the Refinancing Rate, the key policy rate for the National Bank of Azerbaijan |
| Bahamas, The |
4.5%
(1 January 2014)
4.5%
(31 December 2012)
|
| Bahrain |
1.75%
(18 December 2017)
0.5%
(31 December 2010)
|
| Bangladesh |
5%
(11 December 2017)
5%
(30 October 2015)
|
| Barbados |
7%
(2017)
7%
(31 December 2016)
|
| Belarus |
14%
(19 April 2017)
15%
(15 March 2017)
|
| Belgium |
0%
(31 December 2017)
0%
(31 December 2010)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| Belize |
9.58%
(1 November 2017)
9.14%
(1 November 2016)
|
| Benin |
4.25%
(31 December 2010)
4.25%
(31 December 2009)
|
| Bhutan |
6%
(2017 est.)
note: this is the policy rate of Bhutan's central bank |
| Bolivia |
2.5%
(31 December 2017 est.)
2.5%
(31 December 2016 est.)
|
| Botswana |
5.5%
(31 December 2016)
6%
(31 December 2015)
|
| Brazil |
7%
(31 December 2017 est.)
13.75%
(31 December 2016)
|
| Bulgaria |
0%
(31 December 2017)
0.01%
(31 December 2015)
note: Bulgarian National Bank (BNB) has had no independent monetary policy since the introduction of the Currency Board regime in 1997; this is BNB's base interest rate |
| Burkina Faso |
4.25%
(31 December 2010)
4.25%
(31 December 2009)
|
| Burma |
9.95%
(31 December 2010)
12%
(31 December 2009)
|
| Burundi |
11.25%
(31 December 2010)
10%
(31 December 2009)
|
| Cabo Verde |
7.5%
(31 December 2010)
7.5%
(31 December 2009)
|
| Cambodia |
NA%
(31 December 2012)
5.25%
(31 December 2007)
|
| Cameroon |
4.25%
(31 December 2009)
|
| Canada |
1%
(31 December 2010)
0.25%
(31 December 2009)
|
| Central African Republic |
4.25%
(31 December 2009)
4.75%
(31 December 2008)
|
| Chad |
4.25%
(31 December 2009)
4.75%
(31 December 2008)
|
| Chile |
3.35%
(31 December 2015)
3%
(31 December 2014)
|
| China |
2.25%
(5 December 2017 est.)
2.25%
(31 December 2016 est.)
|
| Colombia |
4.75%
(12 December 2017)
7.5%
(31 December 2016)
|
| Comoros |
1.93%
(31 December 2010)
2.21%
(31 December 2009)
|
| Congo, Democratic Republic of the |
20%
(31 December 2017)
20%
(31 December 2011)
|
| Congo, Republic of the |
4.25%
(31 December 2009)
4.75%
(31 December 2008)
|
| Costa Rica |
3.5%
(31 December 2016 est.)
21.5%
(31 December 2010)
|
| Cote d'Ivoire |
4.25%
(31 December 2010)
4.25%
(31 December 2009)
|
| Croatia |
3%
(31 December 2017)
3.5%
(31 December 2016)
|
| Cuba |
NA |
| Curacao |
NA% (31 December 2010)
|
| Cyprus |
0%
(31 December 2017)
0%
(31 December 2010)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| Czechia |
0.05%
(31 December 2017)
0.05%
(31 December 2016)
note: this is the two-week repo, the main rate CNB uses |
| Denmark |
0%
(31 December 2017)
0%
(31 December 2016)
|
| Dominica |
6.5%
(31 December 2010)
6.5%
(31 December 2009)
|
| Ecuador |
8.17%
(31 December 2011)
8.68%
(31 December 2010)
|
| Egypt |
19.25%
(9 July 2017)
15.25%
(3 November 2016)
|
| Equatorial Guinea |
8.5%
(31 December 2010)
4.25%
(31 December 2009)
|
| Estonia |
0%
(31 December 2017 est.)
0%
(31 December 2016 est.)
|
| Eswatini |
7.25%
(31 December 2016)
6.5%
(31 December 2015)
|
| Ethiopia |
NA |
| European Union |
0%
(31 December 2017 est.)
0%
(31 December 2016 est.)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| Fiji |
1.75%
(31 December 2010)
3%
(31 December 2009)
|
| Finland |
1.25%
(31 December 2017)
0%
(31 December 2010)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| France |
0%
(31 December 2016)
0.05%
(31 December 2015)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| Gabon |
3%
(31 December 2010)
4.25%
(31 December 2009)
|
| Gambia, The |
9%
(31 December 2009)
11%
(31 December 2008)
|
| Georgia |
7%
(23 September 2015)
6.5%
(7)
note: this is the Refinancing Rate, the key monetary policy rate of the National Bank of Georgia |
| Germany |
0%
(31 December 2017)
0%
(31 December 2010)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| Ghana |
20%
(31 December 2017)
25.5%
(31 December 2016)
|
| Greece |
0.05%
(31 March 2016)
0.15%
(11 June 2014)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| Greenland |
NA |
| Grenada |
6.5%
(31 December 2009)
6.5%
(31 December 2008)
|
| Guatemala |
7.53%
(31 December 2015 est.)
6.5%
(31 December 2010)
|
| Guinea |
22.25%
(31 December 2005)
|
| Guinea-Bissau |
4.25%
(31 December 2009)
4.75%
(31 December 2008)
|
| Guyana |
5.5%
(31 December 2011)
4.25%
(31 December 2010)
|
| Honduras |
6.25%
(31 December 2010)
|
| Hong Kong |
1.75%
(31 December 2017)
1%
(31 December 2016)
|
| Hungary |
0.9%
(31 December 2017)
0.9%
(31 December 2016)
|
| Iceland |
5.4%
(31 January 2012)
5.75%
(31 December 2010)
|
| India |
6%
(31 December 2017)
6.25%
(31 December 2016)
note: this is the Indian central bank's policy rate - the repurchase rate |
| Indonesia |
6.37%
(31 December 2010)
6.46%
(31 December 2009)
note: this figure represents the 3-month SBI rate; the Bank of Indonesia has not employed the one-month SBI since September 2010 |
| Iran |
NA |
| Iraq |
6%
(2016)
6%
(2015)
|
| Ireland |
0.05%
(31 December 2015)
0.15%
(31 August 2014)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| Israel |
0.1%
(15 December 2015)
0.25%
(31 December 2014)
|
| Italy |
0.25%
(31 December 2013)
0.75%
(31 December 2012)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| Jamaica |
3.25%
(31 December 2017)
3%
(31 December 2016)
|
| Japan |
0.3%
(31 December 2015)
0.3%
(31 December 2014)
|
| Jordan |
3.75%
(31 December 2015)
0.3%
(31 December 2010)
|
| Kazakhstan |
11%
(10 April 2017)
12%
(9 January 2017)
|
| Kenya |
10%
(1 January 2017)
11.5%
(1 January 2016)
|
| Korea, South |
1.5%
(31 December 2017 est.)
1.25%
(31 December 2016 est.)
|
| Kuwait |
2.75%
(18 December 2017)
2.5%
(31 December 2016)
|
| Kyrgyzstan |
5%
(31 December 2016)
8%
(31 December 2015)
|
| Laos |
4.3%
(31 December 2010)
4%
(31 December 2009)
|
| Latvia |
0%
(31 December 2017 est.)
0.05%
(31 December 2015 est.)
|
| Lebanon |
10%
(31 December 2017)
10%
(31 December 2016)
|
| Lesotho |
6.75%
(2 February 2016)
6.25%
(31 December 2015)
|
| Liberia |
3.2%
(2016)
|
| Libya |
9.52%
(31 December 2010)
3%
(31 December 2009)
|
| Lithuania |
0%
(31 December 2017 est.)
0.05%
(31 December 2015 est.)
|
| Luxembourg |
0%
(31 December 2017)
0%
(31 December 2010)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| Madagascar |
9.5%
(31 December 2017)
8.3%
(31 December 2016)
|
| Malawi |
16%
(31 December 2017 est.)
24%
(31 December 2016 est.)
|
| Malaysia |
3%
(31 December 2011)
2.83%
(31 December 2010)
|
| Maldives |
7%
(30 September 2017)
7%
(30 September 2016)
|
| Mali |
16%
(31 December 2010)
4.25%
(31 December 2009)
|
| Malta |
-0.35%
(31 December 2016 est.)
-0.2%
(31 December 2015)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| Mauritania |
9%
(31 December 2009)
12%
(31 December 2007)
|
| Mauritius |
9%
(31 December 2010)
|
| Mexico |
7.25%
(31 December 2017)
5.75%
(31 December 2016)
|
| Moldova |
6.5%
(31 December 2017)
9%
(31 December 2016)
note: this is the basic rate on short-term operations |
| Mongolia |
11%
(25 December 2017)
14%
(19 December 2016)
|
| Montserrat |
10.99%
(31 December 2010)
6.5%
(31 December 2009)
|
| Morocco |
6.5%
(31 December 2010)
3.31%
(31 December 2009)
|
| Mozambique |
19%
(4 November 2017)
23.25%
(31 December 2016)
|
| Namibia |
7%
(12 April 2017)
6.5%
(31 December 2015)
|
| Nepal |
7%
(30 July 2017)
7%
(30 July 2016)
|
| Netherlands |
0%
(31 December 2016)
0.05%
(31 December 2015)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| New Zealand |
1.75%
(31 December 2017)
1.75%
(31 December 2016)
|
| Nicaragua |
3%
(31 December 2010)
|
| Niger |
4.25%
(31 December 2015)
4.25%
(31 December 2014)
|
| Nigeria |
4.25%
(31 December 2010)
6%
(31 December 2009)
|
| North Macedonia |
3.25%
(31 March 2017)
3.75%
(31 December 2016)
note: series discontinued in January 2010; the discount rate has been replaced by a referent rate for calculating the penalty rate |
| Norway |
6.25%
(31 December 2010)
1.75%
(31 December 2009)
|
| Oman |
2%
(31 December 2010)
0.05%
(31 December 2009)
|
| Pakistan |
5.75%
(15 November 2016)
6%
(15 November 2015)
|
| Papua New Guinea |
14%
(31 December 2010)
6.92%
(31 December 2009)
|
| Paraguay |
5.5%
(31 December 2012)
6%
(31 December 2011)
|
| Peru |
4.25%
(31 December 2016 est.)
5.05%
(31 December 2012)
|
| Philippines |
3.56%
(31 December 2017)
3.56%
(31 December 2016)
|
| Poland |
1.5%
(31 December 2017)
1.5%
(31 December 2016)
|
| Portugal |
0%
(2016)
0.05%
(2015)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| Qatar |
5%
(16 March 2017)
4.5%
(31 December 2012)
|
| Romania |
1.75%
(31 December 2017)
1.75%
(31 December 2016)
|
| Russia |
10%
(31 December 2016 est.)
11%
(3 August 2015)
note: this is the so-called refinancing rate, but in Russia banks do not get refinancing at this rate; this is a reference rate used primarily for fiscal purposes |
| Rwanda |
7.75%
(31 December 2010)
11.25%
(31 December 2008)
|
| Saint Kitts and Nevis |
6.5%
(31 December 2009)
6.5%
(31 December 2008)
|
| Saint Lucia |
6.5%
(31 December 2010)
6.5%
(31 December 2009)
|
| Saint Vincent and the Grenadines |
6.5%
(31 December 2010)
6.5%
(31 December 2009)
|
| Sao Tome and Principe |
16%
(31 December 2009)
28%
(31 December 2008)
|
| Saudi Arabia |
2.5%
(31 December 2008)
|
| Senegal |
0.25%
(31 December 2010)
4.25%
(31 December 2009)
|
| Serbia |
3.5%
(9 October 2017)
4%
(31 December 2016)
|
| Seychelles |
11.17%
(31 December 2010)
|
| Sierra Leone |
NA |
| Singapore |
2.15%
(2017 est.)
1.17%
(2016 est.)
|
| Slovakia |
0%
(31 December 2017 est.)
0%
(31 December 2016 est.)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks from the euro area; Slovakia became a member of the Economic and Monetary Union (EMU) on 1 January 2009 |
| Slovenia |
0%
(31 December 2017)
0%
(16 March 2016)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| Somalia |
NA |
| South Africa |
5.75%
(31 December 2014)
7%
(31 December 2009)
|
| Spain |
0.05%
(10 September 2014)
0.25%
(13 November 2013)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area |
| Sri Lanka |
7.25%
(30 November 2017)
6%
(31 December 2015)
|
| Suriname |
10%
(2013)
9%
(2012)
|
| Sweden |
-0.5%
(31 December 2017)
-0.5%
(31 December 2016)
note: the Discount rate was abolished in 2002, and replaced by a "Reference rate" with no bearing on monetary policy; the rate quoted here is the Reference rate |
| Switzerland |
0.5%
(31 December 2016)
0.75%
(31 December 2009)
|
| Syria |
0.75%
(31 December 2017)
5%
(31 December 2016)
|
| Taiwan |
1.38%
(31 December 2016)
1.63%
(31 December 2015)
|
| Tajikistan |
16%
(20 March 2017)
6.5%
(31 December 2012)
|
| Tanzania |
8.25%
(31 December 2010)
3.7%
(31 December 2009)
|
| Thailand |
1.5%
(31 December 2016)
1.5%
(31 December 2015)
|
| Togo |
2.5%
(31 December 2010)
4.25%
(31 December 2009)
|
| Trinidad and Tobago |
6.75%
(4 March 2016 est.)
6.75%
(31 December 2015 est.)
|
| Tunisia |
5.75%
(31 December 2010)
|
| Turkey |
5.25%
(31 December 2011)
15%
(22 December 2009)
|
| Turkmenistan |
5%
(31 December 2014)
5%
(31 December 2013)
|
| Uganda |
9%
(February 2018)
9.5%
(December 2017)
|
| Ukraine |
22%
(23 December 2015)
7.5%
(31 January 2012)
|
| United Arab Emirates |
NA |
| United Kingdom |
0.25%
(31 December 2016)
0.5%
(31 December 2015)
|
| United States |
0.5%
(31 December 2010)
0.5%
(31 December 2009)
|
| Uruguay |
9%
(31 December 2012)
8.75%
(31 December 2011)
note: Uruguay's central bank uses the benchmark interest rate, rather than the discount rate, to conduct monetary policy; the rates shown here are the benchmark rates |
| Uzbekistan |
9%
(2016)
9%
(2015)
|
| Vanuatu |
20%
(31 December 2010)
6%
(31 December 2009)
|
| Venezuela |
29.5%
(2015)
|
| Vietnam |
4.25%
(7 October 2017)
15%
(31 December 2011)
|
| Yemen |
NA |
| Zambia |
9.1%
(31 December 2012)
19%
(31 December 2011)
|
| Zimbabwe |
7.17%
(31 December 2010)
975%
(31 December 2007)
|