Did interest rates rise or fall globally in 2018?
The countries that ended 2018 with the highest interest rates were:
- Argentina 59.38%
- Suriname 25%
- Turkey 24%
- Venezuela 20.84%
- Haiti 20%
The countries that ended 2018 with zero or negative interest rates were:
- Austria, Belgium, Bulgaria, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain 0%
- Japan -0.1%
- Sweden -0.25%
- Denmark -0.65%
- Switzerland -0.75%
The three countries where interest rates were hiked the most in 2018 were:
- Argentina up 32.13%
- Turkey up 16%
- Pakistan up 4%
The three countries where interest rates were reduced the most in 2018 were:
- Azerbaijan down 3.25%
- Mozambique down 3.75%
- Congo down 6%
Some other interesting insights:
- Interest rates were hiked in 43 countries in 2018 and were reduced in 34 countries in 2018
- The average global interest rate in the world at the end of 2018 was 5.96% and at the beginning at 2018 was 5.69%, a change of +0.27% over the year
- Excluding Turkey and Argentina, interest rates have fallen by an average of 0.03% globally in 2018
