Library

 
FIELD LISTING :: CENTRAL BANK DISCOUNT RATE Print
This entry provides the annualized interest rate a country's central bank charges commercial, depository banks for loans to meet temporary shortages of funds.


Country Comparison to the World

CountryCENTRAL BANK DISCOUNT RATE(%)
Albania 1.25% (31 December 2017 est.)
1.75% (31 December 2016 est.)
Algeria 4% (31 December 2010 est.)
4% (31 December 2009 est.)
Angola 9% (31 December 2014 est.)
25% (31 December 2010 est.)
Anguilla 6.5% (31 December 2010 est.)
6.5% (31 December 2009 est.)
Antigua and Barbuda 6.5% (31 December 2010 est.)
6.5% (31 December 2009 est.)
Argentina NA%
Armenia 6.5% (14 December 2016 est.)
10.5% (10 February 2015 est.)
note: this is the Refinancing Rate, the key monetary policy instrument of the Armenian National Bank
Aruba 1% (31 December 2010 est.)
3% (31 December 2009 est.)
Australia 3% (28 February 2013 est.)
4.35% (31 December 2010 est.)
note: this is the Reserve Bank of Australia's "cash rate target," or policy rate
Azerbaijan 15% (10 March 2017 est.)
15% (14 September 2016 est.)
note: this is the Refinancing Rate, the key policy rate for the National Bank of Azerbaijan
Bahamas, The 4.5% (1 January 2014 est.)
4.5% (31 December 2012 est.)
Bangladesh 5% (11 December 2017 est.)
5% (30 October 2015 est.)
Barbados 7% (31 December 2010 est.)
7% (31 December 2009 est.)
Belarus 14% (19 April 2017 est.)
15% (15 March 2017 est.)
Belgium 0.25% (31 December 2017 est.)
0.3% (31 December 2010 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
Belize 9.86% (1 November 2017 est.)
10.01% (1 November 2016 est.)
Benin 4.25% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Bhutan 6%
note: this is the policy rate of Bhutan's central bank
Bolivia 1.5% (31 December 2016 est.)
2.5% (31 December 2015 est.)
Botswana 5.5% (31 December 2016 est.)
6% (31 December 2015 est.)
Brazil 13.75% (31 December 2016 est.)
14.25% (31 December 2015 est.)
Bulgaria 0% (31 December 2017 est.)
0.01% (31 December 2015 est.)
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 Faso 4.25% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Burma 9.95% (31 December 2010 est.)
12% (31 December 2009 est.)
Burundi 11.25% (31 December 2010 est.)
10% (31 December 2009 est.)
Cabo Verde 7.5% (31 December 2010 est.)
7.5% (31 December 2009 est.)
Cambodia NA% (31 December 2012 est.)
5.25% (31 December 2007 est.)
Cameroon 4.25% (31 December 2009 est.)
Canada 1% (31 December 2010 est.)
0.25% (31 December 2009 est.)
Central African Republic 4.25% (31 December 2009 est.)
4.75% (31 December 2008 est.)
Chad 4.25% (31 December 2009 est.)
4.75% (31 December 2008 est.)
Chile 3.35% (31 December 2015 est.)
3% (31 December 2014 est.)
China 2.25% (5 December 2017 est.)
2.25% (31 December 2016 est.)
Colombia 7.5% (12 December 2017 est.)
6.5% (31 December 2016 est.)
Comoros 1.93% (31 December 2010 est.)
2.21% (31 December 2009 est.)
Congo, Democratic Republic of the 4% (31 December 2017 est.)
20% (31 December 2011 est.)
Congo, Republic of the 4.25% (31 December 2009 est.)
4.75% (31 December 2008 est.)
Costa Rica 3.5% (31 December 2016 est.)
21.5% (31 December 2010 est.)
Cote d'Ivoire 4.25% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Croatia 7% (31 December 2016 est.)
7% (31 December 2015 est.)
Cuba NA%
Curacao NA% (31 December 2010 est.)
Cyprus 0.25% (31 December 2017 est.)
0.3% (31 December 2010 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
Czechia 0.05% (31 December 2017 est.)
0.05% (31 December 2016 est.)
note: this is the two-week repo, the main rate CNB uses
Denmark 0.05% (2016 est.)
0.05% (2015 est.)
Dominica 6.5% (31 December 2010 est.)
6.5% (31 December 2009 est.)
Ecuador 8.17% (31 December 2011 est.)
8.68% (31 December 2010 est.)
Egypt 9.75% (9 July 2017 est.)
8.75% (3 November 2016 est.)
Equatorial Guinea 8.5% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Estonia 0% (31 December 2017 est.)
0.05% (31 December 2016 est.)
Ethiopia NA%
European Union 0.25% (31 December 2017 est.)
0.3% (31 December 2016 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
Fiji 1.75% (31 December 2010 est.)
3% (31 December 2009 est.)
Finland 0.25% (31 December 2017 est.)
0.3% (31 December 2010 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
France 0% (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 in the euro area
Gabon 3% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Gambia, The 9% (31 December 2009 est.)
11% (31 December 2008 est.)
Georgia 6.5% (7 Setpember 2016 est.)
7% (23 September 2015 est.)
note: this is the Refinancing Rate, the key monetary policy rate of the National Bank of Georgia
Germany 0.25% (31 December 2017 est.)
0.3% (31 December 2010 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
Ghana 25.5% (31 December 2016 est.)
26% (31 December 2015 est.)
Greece 0.05% (31 March 2016 est.)
0.15% (11 June 2014 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
Greenland NA%
Grenada 6.5% (31 December 2009 est.)
6.5% (31 December 2008 est.)
Guatemala 7.53% (31 December 2015 est.)
6.5% (31 December 2010 est.)
Guinea 22.25% (31 December 2005 est.)
Guinea-Bissau 4.25% (31 December 2009 est.)
4.75% (31 December 2008 est.)
Guyana 5.5% (31 December 2011 est.)
4.25% (31 December 2010 est.)
Honduras 6.25% (31 December 2010 est.)
Hong Kong 0.5% (31 December 2013 est.)
0.5% (31 December 2012 est.)
Hungary 0.9% (31 December 2017 est.)
1.35% (31 December 2016 est.)
Iceland 5.4% (31 January 2012 est.)
5.75% (31 December 2010 est.)
India 6.25% (31 December 2017 est.)
7.75% (31 December 2016 est.)
note: this is the Indian central bank's policy rate - the repurchase rate
Indonesia 6.37% (31 December 2010 est.)
6.46% (31 December 2009 est.)
note: this figure represents the 3-month SBI rate; the Bank of Indonesia has not employed the one-month SBI since September 2010
Iran NA%
Iraq 6% (2016 est.)
6% (2015 est.)
Ireland 0.05% (31 December 2015 est.)
0.15% (31 August 2014 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
Israel 0.1% (15 December 2015 est.)
0.25% (31 December 2014 est.)
Italy 0.25% (31 December 2013 est.)
0.75% (31 December 2012 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
Jamaica 2% (31 December 2010 est.)
Japan 0.3% (31 December 2015 est.)
0.3% (31 December 2014 est.)
Jordan 3.75% (31 December 2015 est.)
0.3% (31 December 2010 est.)
Kazakhstan 11% (10 April 2017 est.)
12% (9 January 2017 est.)
Kenya 11.5% (20 January 2016 est.)
7% (31 December 2010 est.)
Korea, South 1.25% (31 December 2016 est.)
1.5% (31 December 2015 est.)
Kuwait 2.5% (18 December 2017 est.)
1.25% (31 December 2016 est.)
Kyrgyzstan 5% (31 December 2016 est.)
8% (31 December 2015 est.)
Laos 4.3% (31 December 2010 est.)
4% (31 December 2009 est.)
Latvia 0% (31 December 2017 est.)
0.05% (31 December 2015 est.)
Lebanon 3.5% (31 December 2010 est.)
10% (31 December 2009 est.)
Lesotho 6.75% (2 February 2016 est.)
6.25% (31 December 2015 est.)
Liberia 3.2% (2016 est.)
Libya 9.52% (31 December 2010 est.)
3% (31 December 2009 est.)
Lithuania 0% (31 December 2017 est.)
0.05% (31 December 2015 est.)
Luxembourg 0.25% (31 December 2017 est.)
0.3% (31 December 2010 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
Macedonia 3.25% (31 March 2017 est.)
3.75% (31 December 2016 est.)
note: series discontinued in January 2010; the discount rate has been replaced by a referent rate for calculating the penalty rate
Madagascar 8.3% (31 December 2016 est.)
8.7% (31 December 2015 est.)
Malawi 24% (25 November 2016 est.)
27% (July 2016 est.)
Malaysia 3% (31 December 2011 est.)
2.83% (31 December 2010 est.)
Maldives 7% (30 September 2017 est.)
6.96% (30 September 2016 est.)
Mali 16% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Malta -0.35% (31 December 2016 est.)
-0.2% (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
Mauritania 9% (31 December 2009 est.)
12% (31 December 2007 est.)
Mauritius 9% (31 December 2010 est.)
Mexico 6.25% (31 December 2017 est.)
5.25% (31 December 2016 est.)
Moldova 9% (31 December 2016 est.)
19.5% (31 December 2015 est.)
note: this is the basic rate on short-term operations
Mongolia 12% (14 January 2016 est.)
13% (15 January 2015 est.)
Montserrat 10.99% (31 December 2010 est.)
6.5% (31 December 2009 est.)
Morocco 6.5% (31 December 2010 est.)
3.31% (31 December 2009 est.)
Mozambique 9.5% (17 January 2013 est.)
3.25% (31 December 2010 est.)
Namibia 7% (12 April 2017 est.)
6.5% (31 December 2015 est.)
Nepal 7% (30 July 2017 est.)
7% (30 July 2016 est.)
Netherlands 0% (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 in the euro area
New Zealand 2.5% (31 December 2009 est.)
5% (31 December 2008 est.)
Nicaragua 3% (31 December 2010 est.)
Niger 4.25% (31 December 2015 est.)
4.25% (31 December 2014 est.)
Nigeria 4.25% (31 December 2010 est.)
6% (31 December 2009 est.)
Norway 6.25% (31 December 2010 est.)
1.75% (31 December 2009 est.)
Oman 2% (31 December 2010 est.)
0.05% (31 December 2009 est.)
Pakistan 5.75% (15 November 2016 est.)
6% (15 November 2015 est.)
Papua New Guinea 14% (31 December 2010 est.)
6.92% (31 December 2009 est.)
Paraguay 5.5% (31 December 2012 est.)
6% (31 December 2011 est.)
Peru 4.25% (31 December 2016 est.)
5.05% (31 December 2012 est.)
Philippines 3.56% (31 December 2016 est.)
6.19% (31 December 2015 est.)
Poland 1.5% (31 December 2017 est.)
2% (31 December 2016 est.)
Portugal 0% (2016 est.)
0.05% (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
Qatar 4.5% (16 March 2017 est.)
4.93% (31 December 2012 est.)
Romania 1.75% (31 December 2017 est.)
2.75% (31 December 2016 est.)
Russia 10% (31 December 2016 est.)
11% (03 August 2015 est.)
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
Rwanda 7.75% (31 December 2010 est.)
11.25% (31 December 2008 est.)
Saint Kitts and Nevis 6.5% (31 December 2009 est.)
6.5% (31 December 2008 est.)
Saint Lucia 6.5% (31 December 2010 est.)
6.5% (31 December 2009 est.)
Saint Vincent and the Grenadines 6.5% (31 December 2010 est.)
6.5% (31 December 2009 est.)
Sao Tome and Principe 16% (31 December 2009 est.)
28% (31 December 2008 est.)
Saudi Arabia 2.5% (31 December 2008 est.)

Senegal 0.25% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Serbia 4% (9 October 2017 est.)
7.5% (31 December 2016 est.)
Seychelles 11.17% (31 December 2010 est.)
Sierra Leone NA%
Singapore 1.17% (2016 est.)
1.21% (2015 est.)
Slovakia 0% (31 December 2017 est.)
0.05% (31 December 2016 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
Slovenia 0% (31 December 2017 est.)
0.05% (16 March 2016 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
Somalia NA%
South Africa 5.75% (31 December 2014 est.)
7% (31 December 2009 est.)
Spain 0.05% (10 September 2014 est.)
0.25% (13 November 2013 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
Sri Lanka 7% (30 November 2017 est.)
6% (31 December 2015 est.)
Suriname 10% (2013 est.)
9% (2012 est.)
Swaziland 7.25% (31 December 2016 est.)
6.5% (31 December 2015 est.)
Sweden -0.5% (31 December 2016 est.)
-0.35% (31 December 2015 est.)
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
Switzerland 0.5% (31 December 2016 est.)
0.75% (31 December 2009 est.)
Syria 0.75% (31 December 2017 est.)
5% (31 December 2016 est.)
Taiwan 1.38% (31 December 2016 est.)
1.63% (31 December 2015 est.)
Tajikistan 16% (20 March 2017 est.)
6.5% (31 December 2012 est.)
Tanzania 8.25% (31 December 2010 est.)
3.7% (31 December 2009 est.)
Thailand 1.5% (31 December 2016 est.)
1.5% (31 December 2015 est.)
Togo 2.5% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Trinidad and Tobago 6.75% (04 March 2016 est.)
6.75% (31 December 2015 est.)
Tunisia 5.75% (31 December 2010 est.)
Turkey 5.25% (31 December 2011 est.)
15% (22 December 2009 est.)
Turkmenistan 5% (31 December 2014 est.)
5% (31 December 2013 est.)
Uganda 14% (December 2014 est.)
17% (30 March 2016 est.)
Ukraine 22% (23 December 2015 est.)
7.5% (31 January 2012 est.)
United Arab Emirates NA%
United Kingdom 0.25% (31 December 2016 est.)
0.5% (31 December 2015 est.)
United States 0.5% (31 December 2010 est.)
0.5% (31 December 2009 est.)
Uruguay 9% (31 December 2012 est.)
8.75% (31 December 2011 est.)
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
Uzbekistan 9% (2016 est.)
9% (2015 est.)
Vanuatu 20% (31 December 2010 est.)
6% (31 December 2009 est.)
Venezuela 29.5% (2015 est.)

Vietnam 9% (31 December 2012 est.)
15% (31 December 2011 est.)
Yemen NA%
Zambia 9.1% (31 December 2012 est.)
19% (31 December 2011 est.)
Zimbabwe 7.17% (31 December 2010 est.)
975% (31 December 2007 est.)