Bank for International Settlements · Central bank policy rates, end of month
What is the policy rate of the central bank in each economy?
The month ended : of the 37 lines, the change over a year was largest for Colombia, up 2.750 percentage points, and smallest for Turkey, down 3.500 percentage points.
Policy rate by economy, americas, each month
- United States3.8750.125 to 5.375
- Canada2.2500.250 to 5.000
- Mexico6.5004.000 to 11.250
- Brazil13.7502.000 to 15.000
- Chile4.5000.500 to 11.250
- Colombia12.0001.750 to 13.250
- Peru4.2500.250 to 7.750
Policy rate by economy, western europe, each month
- Euro Area2.5000.000 to 4.500
- United Kingdom3.7500.100 to 5.250
- Switzerland0.000-0.750 to 1.750
- Sweden1.750-0.500 to 4.000
- Norway4.5000.000 to 4.500
- Denmark2.100-0.750 to 3.600
- Iceland8.0000.750 to 9.250
Policy rate by economy, eastern europe and turkey, each month
- Poland3.7500.100 to 6.750
- Czech Republic3.7500.050 to 7.000
- Hungary5.5000.600 to 13.000
- Romania6.5001.250 to 7.000
- Serbia5.7501.000 to 6.500
- North Macedonia4.2501.250 to 6.300
- Russia14.0004.250 to 21.000
- Turkey37.0007.500 to 50.000
Policy rate by economy, east asia, each month
- Japan1.250-0.100 to 1.250
- China3.0003.000 to 4.350
- Hong Kong4.2500.500 to 5.750
- South Korea3.0000.500 to 3.500
Each row is one line of the page over the last ten years, one month to a point, on a scale shared by the rows of the tab, with its newest value and its range printed beside it and a dashed line at zero. A gap is a month with no value. Pointing at the chart shows the month and the value.
Observed .
Policy rate by economy, south and southeast asia, each month
- India5.2504.000 to 6.500
- Indonesia5.7503.500 to 6.250
- Malaysia2.7501.750 to 3.250
- Philippines5.0002.000 to 6.500
- Thailand1.0000.500 to 2.500
Policy rate by economy, oceania, each month
- Australia4.6000.100 to 4.600
- New Zealand2.7500.250 to 5.500
Policy rate by economy, middle east and africa, each month
- Israel3.2500.100 to 4.750
- Saudi Arabia4.5001.000 to 6.000
- Kuwait3.5001.500 to 4.250
- Morocco2.2501.500 to 3.000
- South Africa7.2503.500 to 8.250
Each row is one line of the page over the last ten years, one month to a point, on a scale shared by the rows of the tab, with its newest value and its range printed beside it and a dashed line at zero. A gap is a month with no value. Pointing at the chart shows the month and the value.
Observed .
Right now
Over a year to September 2026, of the 37 lines on this page the change was largest for Colombia, up 2.750 percentage points, and smallest for Turkey, down 3.500 percentage points.
Of these lines, 11 rose, 19 fell and 7 did not change over the year (ours, from the published values).
By lineOver a year, ours
Policy rate by economy, change over a year, by line
- Americas
- Western Europe
- Eastern Europe and Turkey
- East Asia
- South and Southeast Asia
- Oceania
- Middle East and Africa
Each bar is the change in one line over a year, the largest first, with its rank at the left and its newest value under the figure. A line with its own page links it from its name. A change below zero runs to the left of the zero line. The colour says which section of the page a line is in.
Observed .
Policy rate by economy, change over a year in each month
| Line | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | −1.000 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.250 |
| Canada | −1.500 | −1.500 | −1.000 | −0.750 | −0.750 | −0.500 | −0.500 | −0.500 | −0.500 | −0.500 | −0.500 | −0.250 |
| Mexico | −3.000 | −3.000 | −3.000 | −3.000 | −2.500 | −2.250 | −2.250 | −2.000 | −1.500 | −1.500 | −1.250 | −1.000 |
| Brazil | +4.250 | +3.750 | +2.750 | +1.750 | +1.750 | +0.500 | +0.250 | −0.250 | −0.750 | −0.750 | −1.000 | −1.250 |
| Chile | −0.500 | −0.500 | −0.500 | −0.500 | −0.500 | −0.500 | −0.500 | −0.500 | −0.500 | −0.250 | −0.250 | −0.250 |
| Colombia | −1.000 | −0.500 | −0.250 | −0.250 | +0.750 | +0.750 | +1.750 | +2.000 | +2.000 | +2.750 | +2.750 | +2.750 |
| Peru | −1.000 | −0.750 | −0.750 | −0.500 | −0.500 | −0.500 | −0.500 | −0.250 | −0.250 | −0.250 | −0.250 | 0.000 |
| Euro Area | −1.250 | −1.250 | −1.000 | −1.000 | −0.750 | −0.500 | −0.250 | −0.250 | +0.250 | +0.250 | +0.250 | +0.500 |
| United Kingdom | −1.000 | −0.750 | −1.000 | −1.000 | −0.750 | −0.750 | −0.750 | −0.500 | −0.500 | −0.500 | −0.250 | −0.250 |
| Switzerland | −1.000 | −1.000 | −0.500 | −0.500 | −0.500 | −0.250 | −0.250 | −0.250 | 0.000 | 0.000 | 0.000 | 0.000 |
| Sweden | −1.500 | −1.000 | −1.000 | −0.750 | −0.500 | −0.500 | −0.500 | −0.500 | −0.250 | −0.250 | −0.250 | −0.250 |
| Norway | −0.500 | −0.500 | −0.500 | −0.500 | −0.500 | −0.500 | −0.500 | −0.250 | 0.000 | 0.000 | 0.000 | +0.500 |
| Denmark | −1.250 | −1.250 | −1.000 | −0.750 | −0.750 | −0.500 | −0.250 | −0.250 | +0.250 | +0.250 | +0.250 | +0.500 |
| Iceland | −1.500 | −1.250 | −1.250 | −1.250 | −0.750 | −0.250 | −0.250 | +0.250 | +0.250 | +0.250 | +0.500 | +0.500 |
| Poland | −1.250 | −1.500 | −1.750 | −1.750 | −1.750 | −2.000 | −2.000 | −1.500 | −1.500 | −1.250 | −1.250 | −1.000 |
| Czech Republic | −0.750 | −0.500 | −0.500 | −0.500 | −0.250 | −0.250 | −0.250 | 0.000 | +0.250 | +0.250 | +0.250 | +0.250 |
| Hungary | 0.000 | 0.000 | 0.000 | 0.000 | −0.250 | −0.250 | −0.250 | −0.250 | −0.250 | −0.750 | −1.000 | −1.000 |
| Romania | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Serbia | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| North Macedonia | −0.450 | −0.450 | −1.550 | −1.550 | −1.350 | −1.350 | −1.350 | −1.350 | −1.100 | −1.100 | −1.100 | −1.100 |
| Russia | −4.500 | −4.500 | −5.000 | −5.000 | −5.500 | −6.000 | −6.500 | −6.500 | −5.750 | −4.000 | −4.000 | −3.000 |
| Turkey | −10.500 | −10.500 | −9.500 | −8.000 | −8.000 | −5.500 | −9.000 | −9.000 | −9.000 | −6.000 | −6.000 | −3.500 |
| Japan | +0.250 | +0.250 | +0.500 | +0.250 | +0.250 | +0.250 | +0.250 | +0.250 | +0.500 | +0.500 | +0.500 | +0.750 |
| China | −0.100 | −0.100 | −0.100 | −0.100 | −0.100 | −0.100 | −0.100 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Hong Kong | −1.000 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.250 |
| South Korea | −0.750 | −0.500 | −0.500 | −0.500 | −0.250 | −0.250 | −0.250 | 0.000 | 0.000 | +0.250 | +0.500 | +0.500 |
| India | −1.000 | −1.000 | −1.250 | −1.250 | −1.000 | −1.000 | −0.750 | −0.750 | −0.250 | −0.250 | −0.250 | −0.250 |
| Indonesia | −1.250 | −1.250 | −1.250 | −1.000 | −1.000 | −1.000 | −1.000 | −0.250 | +0.250 | +0.500 | +0.750 | +1.000 |
| Malaysia | −0.250 | −0.250 | −0.250 | −0.250 | −0.250 | −0.250 | −0.250 | −0.250 | −0.250 | 0.000 | 0.000 | 0.000 |
| Philippines | −1.250 | −1.250 | −1.250 | −1.250 | −1.500 | −1.500 | −1.000 | −1.000 | −0.500 | −0.500 | 0.000 | 0.000 |
| Thailand | −0.750 | −0.750 | −1.000 | −1.000 | −1.000 | −1.000 | −0.750 | −0.750 | −0.750 | −0.750 | −0.500 | −0.500 |
| Australia | −0.750 | −0.750 | −0.750 | −0.750 | −0.250 | 0.000 | 0.000 | +0.500 | +0.500 | +0.500 | +0.750 | +1.000 |
| New Zealand | −2.250 | −2.000 | −2.000 | −2.000 | −1.500 | −1.500 | −1.250 | −1.000 | −1.000 | −0.750 | −0.500 | −0.250 |
| Israel | 0.000 | −0.250 | −0.250 | −0.500 | −0.500 | −0.500 | −0.500 | −0.750 | −0.750 | −1.000 | −1.000 | −1.250 |
| Saudi Arabia | −1.000 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.750 | −0.250 |
| Kuwait | −0.250 | −0.250 | −0.500 | −0.500 | −0.500 | −0.500 | −0.500 | −0.500 | −0.500 | −0.500 | −0.500 | −0.250 |
| Morocco | −0.500 | −0.500 | −0.250 | −0.250 | −0.250 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | – |
| South Africa | −1.000 | −1.000 | −1.000 | −0.750 | −0.750 | −0.750 | −0.750 | −0.250 | −0.250 | −0.250 | 0.000 | +0.250 |
Each chip is one month's change from the same month a year earlier. The mark in its middle is zero: a fill to the right of it is a rise and a fill to the left a fall. A longer, brighter fill is a larger change, in five steps up to 2.000 and over. Every chip prints its figure and sign. A dash is a month with no figure.
Observed .
Understanding central bank rates
Where it stands today
The largest change over a year was Colombia, up 2.750 percentage points, in September 2026.
What do the lines of this page measure?
A policy rate is the main interest rate a central bank sets to steer the short-term interest rates of its economy. The Bank for International Settlements (BIS) collects the policy rates of central banks and publishes, for each economy, the rate in force at the end of each month. This page shows the economies whose central bank has a current rate in the BIS data. Which rate counts as the policy rate differs by bank (a target for an overnight rate, a deposit rate, a repo rate), and the page of each economy says which.
Read more
What 500metrics adds: the change over a year of every economy, ranked across the page; the last ten years of every economy as rows of small charts; and a table of the change over a year in each of the last twelve months. Each economy has a page of its own with the history since its series begins.
The numbers behind the chart
What is the latest value of each line?38 lines, in the sections of the page
| Line | Section | Month | Value | Change over a year | Rank |
|---|---|---|---|---|---|
| United States | Americas | 3.875% | −0.250 pts | 19 | |
| Canada | Americas | 2.250% | −0.250 pts | 19 | |
| Mexico | Americas | 6.500% | −1.000 pts | 30 | |
| Brazil | Americas | 13.750% | −1.250 pts | 34 | |
| Chile | Americas | 4.500% | −0.250 pts | 19 | |
| Colombia | Americas | 12.000% | +2.750 pts | 1 | |
| Peru | Americas | 4.250% | 0.000 pts | 12 | |
| Euro Area | Western Europe | 2.500% | +0.500 pts | 5 | |
| United Kingdom | Western Europe | 3.750% | −0.250 pts | 19 | |
| Switzerland | Western Europe | 0.000% | 0.000 pts | 12 | |
| Sweden | Western Europe | 1.750% | −0.250 pts | 19 | |
| Norway | Western Europe | 4.500% | +0.500 pts | 5 | |
| Denmark | Western Europe | 2.100% | +0.500 pts | 5 | |
| Iceland | Western Europe | 8.000% | +0.500 pts | 5 | |
| Poland | Eastern Europe and Turkey | 3.750% | −1.000 pts | 30 | |
| Czech Republic | Eastern Europe and Turkey | 3.750% | +0.250 pts | 10 | |
| Hungary | Eastern Europe and Turkey | 5.500% | −1.000 pts | 30 | |
| Romania | Eastern Europe and Turkey | 6.500% | 0.000 pts | 12 | |
| Serbia | Eastern Europe and Turkey | 5.750% | 0.000 pts | 12 | |
| North Macedonia | Eastern Europe and Turkey | 4.250% | −1.100 pts | 33 | |
| Russia | Eastern Europe and Turkey | 14.000% | −3.000 pts | 36 | |
| Turkey | Eastern Europe and Turkey | 37.000% | −3.500 pts | 37 | |
| Japan | East Asia | 1.250% | +0.750 pts | 4 | |
| China | East Asia | 3.000% | 0.000 pts | 12 | |
| Hong Kong | East Asia | 4.250% | −0.250 pts | 19 | |
| South Korea | East Asia | 3.000% | +0.500 pts | 5 | |
| India | South and Southeast Asia | 5.250% | −0.250 pts | 19 | |
| Indonesia | South and Southeast Asia | 5.750% | +1.000 pts | 2 | |
| Malaysia | South and Southeast Asia | 2.750% | 0.000 pts | 12 | |
| Philippines | South and Southeast Asia | 5.000% | 0.000 pts | 12 | |
| Thailand | South and Southeast Asia | 1.000% | −0.500 pts | 29 | |
| Australia | Oceania | 4.600% | +1.000 pts | 2 | |
| New Zealand | Oceania | 2.750% | −0.250 pts | 19 | |
| Israel | Middle East and Africa | 3.250% | −1.250 pts | 34 | |
| Saudi Arabia | Middle East and Africa | 4.500% | −0.250 pts | 19 | |
| Kuwait | Middle East and Africa | 3.500% | −0.250 pts | 19 | |
| Morocco | Middle East and Africa | 2.250% | 0.000 pts | n/a | |
| South Africa | Middle East and Africa | 7.250% | +0.250 pts | 10 |
The table scrolls sideways; the first column stays in place.
What do these figures leave out, and how are they cited?Limits, dates and how to cite
What this number cannot tell you
- The BIS takes most of its policy rate series from the central banks as national data. A month's value is the rate in force at the end of the month, so a rate that is changed and changed back inside one month does not show.
- Banks define their policy rate in different ways, so the levels of two economies are not strictly comparable. Each rate is the bank's own, in its own currency, and is not adjusted for inflation.
- Where a bank states a range for its rate, the BIS series holds the middle of it. The BIS also holds series that stopped; this page does not show them.
- The changes and the ranks are ours, worked out from the values the BIS publishes; a change is in percentage points.
Observed . Checked .
How to cite this
Bank for International Settlements, central bank policy rates, Central bank policy rates, end of month, through September 2026. Compiled by 500metrics, "What is the policy rate of the central bank in each economy?", https://500metrics.com/central-bank-rates.
Can the data be downloaded?central-bank-rates.csv
Download the last ten years of every line as CSV: 4,597 rows, to , 208,516 bytes.
Our text and compilation: CC BY 4.0.
Page updated
Sources
Bank for International Settlements, central bank policy rates (source) Terms: BIS terms of permitted use of statistics.