Interest Rates

Key interest rates of world’s leading economies

Interest rate - is a rate at which the Central bank of the country lends money to the commercial banks. Decision about change in interest rate made by Central Bank or the structure acting as a country’s Central Bank. Increase in value of the interest rate occurs in case of increase in the rate of inflation in the economy (when the economy growing). If the Central Bank increases the interest rate it is a positive factor for the currency of that country. Currency will increase in value, therefore it should be bought. If the Central Bank does not change the interest rate or decrease its value, it means the economic situation getting worse. Accordingly, if Central Bank decreases the value of the interest rate it will have a negative impact on the currency, therefore if will get cheaper and should be sold.

Country

Decision-making authority of the rates

Interest rate value

Date of following consideration

 USA

Federal Reserved System of the USA

1,00%

14.06.2017

 European Union

European Central Bank

0,00%

08.06.2017

 United Kingdom

Bank of England

0,25%

15.06.2017

 Switzerland

Swiss National Bank

- 0,75%

15.06.2017

 Japan

Bank of Japan

- 0,10%

16.06.2017

 Australia

Reserve Bank of Australia

1,50%

06.06.2017

 New Zealand

Reserve Bank of New Zealand

1,75%

21.06.2017

 Canada

Bank of Canada

0,50%

24.05.2017

 Denmark

Bank of Denmark

-0,75%

08.06.2017

 Norway

Bank of Norway

0,50%

08.06.2017

 Sweden

Bank of Sweden

- 0,50%

08.06.2017

 Mexico

Bank of Mexico

6,50%

08.07.2017

 China

People’s bank of China

4,35%

16.06.2017

 Singapore

Monetary Authority of Singapore

 5,50%

 16.06.2017