Interest Rates globally are changing at the fastest pace ever

Interest Rates globally are changing (in both directions) at the fastest pace ever in the history of the modern central banking system. Nearly half of the countries in the world have cut interest rates while the other half have hiked them in the past 6 months. The average change for countries with a change in interest rate has been +0.22% in the past 6 months. Take Argentina and Turkey out and the average (global) interest rate has actually fallen.

Interest Rates 20180818
Data Source: Central Banks Globally

 


Here are interest rates (in %) for each country as of August 18, 2018 (in ascending order of interest rate)

Switzerland: -0.75%
Denmark: -0.65%
Sweden: -0.5%
Japan: -0.1%
Austria: 0%
Belgium: 0%
Bulgaria: 0%
Cyprus: 0%
Estonia: 0%
Finland: 0%
France: 0%
Germany: 0%
Greece: 0%
Ireland: 0%
Italy: 0%
Latvia: 0%
Lithuania: 0%
Luxembourg: 0%
Malta: 0%
Netherlands: 0%
Portugal: 0%
Slovakia: 0%
Slovenia: 0%
Spain: 0%

Israel: 0.1%
New Caledonia: 0.25%
Fiji: 0.5%
Norway: 0.5%
United Kingdom: 0.75%
Hungary: 0.9%
Albania: 1%
Comoros: 1.14%
Czech Republic: 1.25%
Cambodia: 1.26%
Panama: 1.35%
Taiwan: 1.38%
Australia: 1.5%
Canada: 1.5%
Poland: 1.5%
South Korea: 1.5%
Thailand: 1.5%
Singapore: 1.73%
New Zealand: 1.75%
Jamaica: 2%
United States: 2%
Bahrain: 2.25%
Cuba: 2.25%
Hong Kong: 2.25%
Macau: 2.25%
Morocco: 2.25%
United Arab Emirates: 2.25%
Belize: 2.5%
Chile: 2.5%
Croatia: 2.5%
Romania: 2.5%
Saudi Arabia: 2.5%
Oman: 2.58%
Guatemala: 2.75%
Peru: 2.75%
Cameroon: 2.95%
Central African Republic: 2.95%
Chad: 2.95%
Equatorial Guinea: 2.95%
Gabon: 2.95%
Republic of the Congo: 2.95%
Kuwait: 3%
Libya: 3%
Macedonia: 3%
Serbia: 3%
Barbados: 3.1%
Malaysia: 3.25%
Bolivia: 3.27%
Mauritius: 3.5%
Algeria: 3.75%
Bosnia and Herzegovina: 3.93%
Bahamas: 4%
Iraq: 4%
Philippines: 4%
El Salvador: 4.22%
Colombia: 4.25%
Iceland: 4.25%
Jordan: 4.25%
Laos: 4.25%
China: 4.35%
Benin: 4.5%
Burkina Faso: 4.5%
Guinea Bissau: 4.5%
Ivory Coast: 4.5%
Mali: 4.5%
Niger: 4.5%
Senegal: 4.5%
Togo: 4.5%
Kyrgyzstan: 4.75%
Botswana: 5%
Costa Rica: 5%
Guyana: 5%
Qatar: 5%
Trinidad and Tobago: 5%
Paraguay: 5.25%
Brunei: 5.5%
Cape Verde: 5.5%
Dominican Republic: 5.5%
Honduras: 5.5%
Indonesia: 5.5%
Rwanda: 5.5%
Armenia: 6%
Bhutan: 6%
Burundi: 6.16%
Lesotho: 6.22%
Papua New Guinea: 6.25%
Vietnam: 6.25%
Brazil: 6.5%
India: 6.5%
Moldova: 6.5%
South Africa: 6.5%
Bangladesh: 6.75%
Namibia: 6.75%
Swaziland: 6.75%
Tunisia: 6.75%
Ethiopia: 7%
Georgia: 7%
Maldives: 7%
Nepal: 7%
Russia: 7.25%
Sri Lanka: 7.25%
Pakistan: 7.5%
Ecuador: 7.63%
Mexico: 7.75%
Kazakhstan: 9%
Kenya: 9%
Mauritania: 9%
Sao Tome and Principe: 9%
Tanzania: 9%
Uganda: 9%
Uruguay: 9.25%
Zimbabwe: 9.28%
Madagascar: 9.5%
Zambia: 9.75%
Azerbaijan: 10%
Belarus: 10%
Lebanon: 10%
Mongolia: 10%
Myanmar: 10%
Djibouti: 11.3%
Seychelles: 12.45%
Guinea: 12.5%
Liberia: 13.1%
Sudan: 13.4%
Gambia: 13.5%
Congo: 14%
Nigeria: 14%
Tajikistan: 14%
Uzbekistan: 14%
Afghanistan: 15%
Yemen: 15%
Mozambique: 15.75%
Malawi: 16%
Angola: 16.5%
Sierra Leone: 16.5%
Egypt: 16.75%
Ghana: 17%
Ukraine: 17.5%
Turkey: 17.75%
Iran: 18%
Haiti: 20%
Venezuela: 20.81%
Suriname: 25%
Argentina: 45%

 

Interest Rate Changes 20180818
Data Source: Central Banks Globally

Here are interest rates changes (in %) for between March 8, 2018 and August 18, 2018 (in descending order of interest rate changes) – this list only includes countries which have had a change in interest rates,

Argentina Change: 17.75% (New: 45% Old: 27.25%)
Turkey Change: 9.75% (New: 17.75% Old: 8%)
Sierra Leone Change: 3.5% (New: 16.5% Old: 13%)
Pakistan Change: 1.5% (New: 7.5% Old: 6%)
Indonesia Change: 1.25% (New: 5.5% Old: 4.25%)
Singapore Change: 1.14% (New: 1.73% Old: 0.59%)
Philippines Change: 1% (New: 4% Old: 3%)
Tunisia Change: 1% (New: 6.75% Old: 5.75%)
Bahrain Change: 0.5% (New: 2.25% Old: 1.75%)
Czech Republic Change: 0.5% (New: 1.25% Old: 0.75%)
Hong Kong Change: 0.5% (New: 2.25% Old: 1.75%)
India Change: 0.5% (New: 6.5% Old: 6%)
Macau Change: 0.5% (New: 2.25% Old: 1.75%)
Saudi Arabia Change: 0.5% (New: 2.5% Old: 2%)
Ukraine Change: 0.5% (New: 17.5% Old: 17%)
United Arab Emirates Change: 0.5% (New: 2.25% Old: 1.75%)
United States Change: 0.5% (New: 2% Old: 1.5%)
Seychelles Change: 0.47% (New: 12.45% Old: 11.98%)
Oman Change: 0.43% (New: 2.58% Old: 2.15%)
Bolivia Change: 0.31% (New: 3.27% Old: 2.96%)
Canada Change: 0.25% (New: 1.5% Old: 1.25%)
Dominican Republic Change: 0.25% (New: 5.5% Old: 5.25%)
Kuwait Change: 0.25% (New: 3% Old: 2.75%)
Mexico Change: 0.25% (New: 7.75% Old: 7.5%)
Romania Change: 0.25% (New: 2.5% Old: 2.25%)
Trinidad and Tobago Change: 0.25% (New: 5% Old: 4.75%)
United Kingdom Change: 0.25% (New: 0.75% Old: 0.5%)
Ecuador Change: 0.22% (New: 7.63% Old: 7.41%)
Panama Change: 0.17% (New: 1.35% Old: 1.18%)
Bosnia and Herzegovina Change: 0.05% (New: 3.93% Old: 3.88%)

Comoros Change: -0.02% (New: 1.14% Old: 1.16%)
Lesotho Change: -0.05% (New: 6.22% Old: 6.27%)
El Salvador Change: -0.09% (New: 4.22% Old: 4.31%)
Sudan Change: -0.10% (New: 13.4% Old: 13.5%)
Zimbabwe Change: -0.10% (New: 9.28% Old: 9.39%)
Liberia Change: -0.20% (New: 13.1% Old: 13.3%)
Cambodia Change: -0.23% (New: 1.26% Old: 1.49%)
Albania Change: -0.25% (New: 1% Old: 1.25%)
Brazil Change: -0.25% (New: 6.5% Old: 6.75%)
Colombia Change: -0.25% (New: 4.25% Old: 4.5%)
Georgia Change: -0.25% (New: 7% Old: 7.25%)
Kyrgyzstan Change: -0.25% (New: 4.75% Old: 5%)
Macedonia Change: -0.25% (New: 3% Old: 3.25%)
Peru Change: -0.25% (New: 2.75% Old: 3%)
Russia Change: -0.25% (New: 7.25% Old: 7.5%)
South Africa Change: -0.25% (New: 6.5% Old: 6.75%)
Swaziland Change: -0.25% (New: 6.75% Old: 7%)
Venezuela Change: -0.38% (New: 20.81% Old: 21.19%)
Belarus Change: -0.5% (New: 10% Old: 10.5%)
Kazakhstan Change: -0.5% (New: 9% Old: 9.5%)
Serbia Change: -0.5% (New: 3% Old: 3.5%)
Barbados Change: -0.51% (New: 3.1% Old: 3.61%)
Jamaica Change: -0.75% (New: 2% Old: 2.75%)
Jordan Change: -0.75% (New: 4.25% Old: 5%)
Tajikistan Change: -0.75% (New: 14% Old: 14.75%)
Egypt Change: -1% (New: 16.75% Old: 17.75%)
Kenya Change: -1% (New: 9% Old: 10%)
Mongolia Change: -1% (New: 10% Old: 11%)
Angola Change: -1.5% (New: 16.5% Old: 18%)
Gambia Change: -1.5% (New: 13.5% Old: 15%)
Burundi Change: -2.03% (New: 6.16% Old: 8.19%)
Mozambique Change: -2.25% (New: 15.75% Old: 18%)
Azerbaijan Change: -3% (New: 10% Old: 13%)
Ghana Change: -3% (New: 17% Old: 20%)
Congo Change: -6% (New: 14% Old: 20%)

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