Home

Central bank discount rate

Home > Topics > Economy

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)
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)
Cape Verde
7.5% (31 December 2010)
7.5% (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

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

Czech Republic
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.)
Ethiopia

NA

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

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

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)
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)
Swaziland
7.25% (31 December 2016)
6.5% (31 December 2015)
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)

Source: CIA Factbook