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Central bank discount rate

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Albania1.25% (31 December 2016)
1.75% (31 December 2015)
Algeria4% (31 December 2010)
4% (31 December 2009)
Angola9% (31 December 2014)
25% (31 December 2010)
Anguilla6.5% (31 December 2010)
6.5% (31 December 2009)
Antigua and Barbuda6.5% (31 December 2010)
6.5% (31 December 2009)
ArgentinaNA%
Armenia6.5% (14 December 2016)
10.5% (10 February 2015)
note: this is the Refinancing Rate, the key monetary policy instrument of the Armenian National Bank
Aruba1% (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
"
Azerbaijan15% (10 March 2017)
15% (14 September 2016)
note: this is the Refinancing Rate, the key policy rate for the National Bank of Azerbaijan
Bahamas, The4.5% (1 January 2014)
4.5% (31 December 2012)
Bangladesh5% (30 October 2016)
5% (30 October 2015)
Barbados7% (31 December 2010)
7% (31 December 2009)
Belarus14% (19 April 2017)
15% (15 March 2017)
Belgium0.25% (31 December 2016)
0.3% (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
Belize9.86% (1 September 2016)
10.01% (31 December 2015)
Benin4.25% (31 December 2010)
4.25% (31 December 2009)
BhutanNA%
Bolivia1.5% (31 December 2016 est.)
2.5% (31 December 2015 est.)
Botswana5.5% (31 December 2016)
6% (31 December 2015)
Brazil13.75% (31 December 2016 est.)
14.25% (31 December 2015)
Bulgaria0% (31 December 2016)
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 Faso4.25% (31 December 2010)
4.25% (31 December 2009)
Burma9.95% (31 December 2010)
12% (31 December 2009)
Burundi11.25% (31 December 2010)
10% (31 December 2009)
CambodiaNA% (31 December 2012)
5.25% (31 December 2007)
Cameroon4.25% (31 December 2009)
Canada1% (31 December 2010)
0.25% (31 December 2009)
Cape Verde7.5% (31 December 2010)
7.5% (31 December 2009)
Central African Republic4.25% (31 December 2009)
4.75% (31 December 2008)
Chad4.25% (31 December 2009)
4.75% (31 December 2008)
Chile3.35% (31 December 2015)
3% (31 December 2014)
China2.25% (31 December 2016 est.)
2.25% (31 December 2015 est.)
Colombia7.5% (31 December 2016)
6.5% (31 December 2014)
Comoros1.93% (31 December 2010)
2.21% (31 December 2009)
Congo, Democratic Republic of the4% (31 December 2012)
20% (31 December 2011)
Congo, Republic of the4.25% (31 December 2009)
4.75% (31 December 2008)
Costa Rica3.5% (31 December 2016 est.)
21.5% (31 December 2010)
Cote d'Ivoire4.25% (31 December 2010)
4.25% (31 December 2009)
Croatia7% (31 December 2013)
7% (31 December 2012)
CubaNA%
Cyprus0.25% (31 December 2016)
0.3% (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 Republic0.05% (31 December 2016)
0.05% (31 December 2015)
note: this is the two-week repo, the main rate CNB uses
Denmark0.05% (2016)
0.05% (2015)
Dominica6.5% (31 December 2010)
6.5% (31 December 2009)
Ecuador8.17% (31 December 2011)
8.68% (31 December 2010)
Egypt9.75% (30 October 2014)
8.75% (5 December 2013)
Equatorial Guinea8.5% (31 December 2010)
4.25% (31 December 2009)
Estonia0% (31 December 2016 est.)
0.05% (31 December 2015 est.)
EthiopiaNA%
European Union0.25% (31 December 2016 est.)
0.3% (31 December 2015 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
Fiji1.75% (31 December 2010)
3% (31 December 2009)
Finland0.25% (31 December 2016)
0.3% (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
France0% (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
Gabon3% (31 December 2010)
4.25% (31 December 2009)
Gambia, The9% (31 December 2009)
11% (31 December 2008)
Georgia6.5% (7 Setpember 2016)
7% (23 September 2015)
note: this is the Refinancing Rate, the key monetary policy rate of the National Bank of Georgia
Germany0.25% (31 December 2016)
0.3% (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
Ghana25.5% (31 December 2016)
26% (31 December 2015)
Greece0.05% (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
GreenlandNA%
Grenada6.5% (31 December 2009)
6.5% (31 December 2008)
Guatemala7.53% (31 December 2015 est.)
6.5% (31 December 2010)
Guinea22.25% (31 December 2005)
Guinea-Bissau4.25% (31 December 2009)
4.75% (31 December 2008)
Guyana5.5% (31 December 2011)
4.25% (31 December 2010)
Honduras6.25% (31 December 2010)
Hong Kong0.5% (31 December 2013)
0.5% (31 December 2012)
Hungary0.9% (31 December 2016)
1.35% (31 December 2015)
Iceland5.4% (31 January 2012)
5.75% (31 December 2010)
India6.25% (31 December 2016)
7.75% (31 December 2014)
note: this is the Indian central bank's policy rate - the repurchase rate
Indonesia6.37% (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
IranNA%
Iraq6% (2016)
6% (2015)
Ireland0.05% (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
Israel0.1% (15 December 2015)
0.25% (31 December 2014)
Italy0.25% (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
Jamaica2% (31 December 2010)
Japan0.3% (31 December 2015)
0.3% (31 December 2014)
Jordan3.75% (31 December 2015)
0.3% (31 December 2010)
Kazakhstan11% (10 April 2017)
12% (9 January 2017)
Kenya11.5% (20 January 2016)
7% (31 December 2010)
Korea, South1.25% (31 December 2016 est.)
1.5% (31 December 2015 est.)
Kuwait2.5% (31 December 2016)
1.25% (31 December 2010)
Kyrgyzstan5% (31 December 2016)
8% (31 December 2015)
Laos4.3% (31 December 2010)
4% (31 December 2009)
Latvia0% (31 December 2016 est.)
0.05% (31 December 2015 est.)
Lebanon3.5% (31 December 2010)
10% (31 December 2009)
Lesotho6.75% (2 February 2016)
6.25% (31 December 2015)
Liberia3.2% (2016)
Libya9.52% (31 December 2010)
3% (31 December 2009)
Lithuania0% (31 December 2016 est.)
0.05% (31 December 2015 est.)
Luxembourg0.25% (31 December 2016)
0.3% (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
Macedonia3.25% (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
Madagascar8.3% (31 December 2016)
8.7% (31 December 2015)
Malawi24% (25 November 2016)
27% (July 2016)
Malaysia3% (31 December 2011)
2.83% (31 December 2010)
Maldives7% (31 December 2013)
6.96% (31 December 2011)
Mali16% (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
Mauritania9% (31 December 2009)
12% (31 December 2007)
Mauritius9% (31 December 2010)
Mexico6.25% (28 February 2017)
5.25% (28 February 2016)
Moldova9% (31 December 2016)
19.5% (31 December 2015)
note: this is the basic rate on short-term operations
Mongolia12% (14 January 2016 )
13% (15 January 2015)
Montserrat10.99% (31 December 2010)
6.5% (31 December 2009)
Morocco6.5% (31 December 2010)
3.31% (31 December 2009)
Mozambique9.5% (17 January 2013)
3.25% (31 December 2010)
Namibia7% (12 April 2017)
6.5% (31 December 2015)
Nepal7% (30 October 2016)
7% (30 October 2015)
Netherlands0% (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 Zealand2.5% (31 December 2009)
5% (31 December 2008)
Nicaragua3% (31 December 2010)
Niger4.25% (31 December 2015)
4.25% (31 December 2014)
Nigeria4.25% (31 December 2010)
6% (31 December 2009)
Norway6.25% (31 December 2010)
1.75% (31 December 2009)
Oman2% (31 December 2010)
0.05% (31 December 2009)
Pakistan5.75% (15 November 2016)
6% (15 November 2015)
Papua New Guinea14% (31 December 2010)
6.92% (31 December 2009)
Paraguay5.5% (31 December 2012)
6% (31 December 2011)
Peru4.25% (31 December 2016 est.)
5.05% (31 December 2012)
Philippines3.56% (31 December 2016)
6.19% (31 December 2015)
Poland1.5% (31 December 2016)
2% (31 December 2015)
Portugal0% (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
Qatar4.5% (31 December 2012)
4.93% (31 December 2011)
Romania1.75% (31 December 2015)
2.75% (31 December 2014)
Russia10% (31 December 2016 est.)
11% (03 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
Rwanda7.75% (31 December 2010)
11.25% (31 December 2008)
Saint Kitts and Nevis6.5% (31 December 2009)
6.5% (31 December 2008)
Saint Lucia6.5% (31 December 2010)
6.5% (31 December 2009)
Saint Vincent and the Grenadines6.5% (31 December 2010)
6.5% (31 December 2009)
Sao Tome and Principe16% (31 December 2009)
28% (31 December 2008)
Saudi Arabia2.5% (31 December 2008)

Senegal0.25% (31 December 2010)
4.25% (31 December 2009)
Serbia4% (31 December 2016)
7.5% (12 March 2015)
Seychelles11.17% (31 December 2010)
Sierra LeoneNA%
Singapore1.17% (2016 est.)
1.21% (2015 est.)
Slovakia0% (31 December 2016 est.)
0.05% (31 December 2015 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
Slovenia0% (16 March 2016)
0.05% (4 Sept 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
SomaliaNA%
South Africa5.75% (31 December 2014)
7% (31 December 2009)
Spain0.05% (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 Lanka7% (30 September 2016)
6% (31 December 2015)
Suriname10% (2013)
9% (2012)
Swaziland7.25% (31 December 2016)
6.5% (31 December 2015)
Sweden"-0.5% (31 December 2016)
-0.35% (31 December 2015)
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
"
Switzerland0.5% (31 December 2016)
0.75% (31 December 2009)
Syria0.75% (31 December 2017)
5% (31 December 2016)
Taiwan1.38% (31 December 2016)
1.63% (31 December 2015)
Tajikistan16% (20 March 2017)
6.5% (31 December 2012)
Tanzania8.25% (31 December 2010)
3.7% (31 December 2009)
Thailand1.5% (31 December 2016)
1.5% (31 December 2015)
Togo2.5% (31 December 2010)
4.25% (31 December 2009)
Trinidad and Tobago6.75% (04 March 2016 est.)
6.75% (31 December 2015 est.)
Tunisia5.75% (31 December 2010)
Turkey5.25% (31 December 2011)
15% (22 December 2009)
Turkmenistan5% (31 December 2014)
5% (31 December 2013)
Uganda14% (December 2014)
17% (30 March 2016)
Ukraine22% (23 December 2015)
7.5% (31 January 2012)
United Arab EmiratesNA%
United Kingdom0.25% (31 December 2016)
0.5% (31 December 2015)
United States0.5% (31 December 2010)
0.5% (31 December 2009)
Uruguay9% (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
Uzbekistan9% (2016)
9% (2015)
Vanuatu20% (31 December 2010)
6% (31 December 2009)
Venezuela29.5% (2015)

Vietnam9% (31 December 2012)
15% (31 December 2011)
YemenNA%
Zambia9.1% (31 December 2012)
19% (31 December 2011)
Zimbabwe7.17% (31 December 2010)
975% (31 December 2007)

Source: CIA Factbook