World Central Banks Interest Rates

The '' service is essential for investors, analysts, and policymakers to monitor global monetary policy shifts in real-time, enabling precise assessments of market conditions, currency valuations, and economic health by revealing synchronized or divergent policy trends that signal inflation pressures, growth outlooks, or recession risks.

As of December 30, 2025, central bank rates vary widely: Russia's Central Bank at a high 16.00% (last update Dec 30), Norges Bank at 5.00%, Bank of England at 4.00%, Australia's RBA at 3.60%, US Fed at 3.64%, ECB at 2.15%, New Zealand at 2.25%, Canada at 2.25%, Japan at 0.75%, and Swiss National Bank at 0.00%. Most show no recent changes, reflecting stabilization after cuts.

Current rates indicate a easing bias in developed economies, with outliers like Russia combating persistent inflation. Over the last 12 months, a dominant downward trend emerges: New Zealand fell from 4.25% (Jan) to 2.25% (Dec), Switzerland from 0.50% to 0.00%, Canada from 3.25% to 2.25%, Australia from 4.35% to 3.60%, ECB from 3.15% to 2.15%, US from 4.33% to 3.64%, and Russia from 21.00% to 16.00%, driven by cooling inflation post-2023 peaks.

Historically, rates spiked during crises—US max 22.36% (1981) amid oil shocks and inflation surges; Russia 210.00% (1993) hyperinflation; Norges 50.00% (1986) economic overheating. Minimums occurred in recessions: Swiss -0.75% (2019) for stimulus, US 0.04% (2011) post-GFC, Japan near-zero for decades against deflation.

Key trends include post-pandemic hikes (2022-23) to tame inflation, followed by 2025 cuts for growth support. These shifts impact global markets by lowering borrowing costs, boosting equities and bonds in easing cycles, strengthening currencies in hawkish stances like Russia's ruble defense, and fostering carry trades from low-yield Japan/Switzerland to higher ones.