FIELD LISTING :: CENTRAL BANK DISCOUNT RATE
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 3% (31 December 2013)
4% (31 December 2012)
Algeria 4% (31 December 2010)
4% (31 December 2009)
Angola 9% (31 December 2014)
25% (31 December 2010)
Anguilla 6.5% (31 December 2010)
6.5% (31 December 2009)
Antigua and Barbuda 6.5% (31 December 2010)
6.5% (31 December 2009)
Argentina NA%
Armenia 8% (11 January 2012)
7.25% (2 December 2008)
note: this is the Refinancing Rate, the key monetary policy instrument of the Armenian National Bank
Aruba 1% (31 December 2010)
3% (31 December 2009)
Australia 3% (28 February 2013)
4.35% (31 December 2010)
note: this is the Reserve Bank of Australia's "cash rate target," or policy rate
Azerbaijan 5% (31 December 2012)
5.25% (31 December 2011)
note: this is the Refinancing Rate, the key policy rate for the National Bank of Azerbaijan
Bahamas, The 4.5% (1 January 2014)
4.5% (31 December 2012)
Bangladesh 5% (31 December 2010)
5% (31 December 2009)
Barbados 7% (31 December 2010)
7% (31 December 2009)
Belarus 10.5% (31 December 2010)
13.5% (31 December 2009)
Belgium 0.75% (31 December 2013)
1.5% (31 December 2010)
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 18% (31 December 2010)
12% (31 December 2009)
Benin 4.25% (31 December 2010)
4.25% (31 December 2009)
Bhutan NA%
Bolivia 4.5% (31 December 2013)
4% (31 december 2012)
Botswana 7.5% (31 December 2014)
7.5% (31 December 2013)
Brazil 10% (31 December 2013)
11% (31 December 2011)
Bulgaria 0.03% (31 December 2012)
0.22% (31 December 2011)
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)
4.25% (31 December 2009)
Burma 9.95% (31 December 2010)
12% (31 December 2009)
Burundi 11.25% (31 December 2010)
10% (31 December 2009)
Cabo Verde 7.5% (31 December 2010)
7.5% (31 December 2009)
Cambodia NA% (31 December 2012)
5.25% (31 December 2007)
Cameroon 4.25% (31 December 2009)
Canada 1% (31 December 2010)
0.25% (31 December 2009)
Central African Republic 4.25% (31 December 2009)
4.75% (31 December 2008)
Chad 4.25% (31 December 2009)
4.75% (31 December 2008)
Chile 3.12% (31 December 2010)
0.5% (31 December 2009)
China 2.25% (31 December 2013)
2.25% (31 December 2012)
Colombia 4.75% (31 December 2011)
5% (31 December 2010)
Comoros 1.93% (31 December 2010)
2.21% (31 December 2009)
Congo, Democratic Republic of the 4% (31 December 2012)
20% (31 December 2011)
Congo, Republic of the 4.25% (31 December 2009)
4.75% (31 December 2008)
Costa Rica 21.5% (31 December 2010)
23% (31 December 2009)
Cote d'Ivoire 4.25% (31 December 2010)
4.25% (31 December 2009)
Croatia 7% (31 December 2013)
7% (31 December 2012)
Cuba NA%
Cyprus 0.75% (31 December 2013)
1.5% (31 December 2010)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area
Czech Republic 0.05% (31 December 2013)
0.05% (31 December 2012)
note: this is the two-week repo, the main rate CNB uses
Denmark 0.75% (31 December 2011)
0.75% (31 December 2010)
Dominica 6.5% (31 December 2010)
6.5% (31 December 2009)
Ecuador 8.17% (31 December 2011)
8.68% (31 December 2010)
Egypt 9.75% (30 October 2014)
8.75% (5 December 2013)
Equatorial Guinea 8.5% (31 December 2010)
4.25% (31 December 2009)
Ethiopia NA%
European Union 0.75% (31 December 2013)
1.5% (31 December 2012)
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)
3% (31 December 2009)
Finland 0.75% (31 December 2013)
1.5% (31 December 2010)
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 0.05% (10 September 2014)
0.25% (13 November 2013)
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)
4.25% (31 December 2009)
Gambia, The 9% (31 December 2009)
11% (31 December 2008)
Georgia 3.75% (15 January 2013)
5.25% (31 December 2012)
note: this is the Refinancing Rate, the key monetary policy rate of the National Bank of Georgia
Germany 0.75% (31 December 2013)
1.5% (31 December 2010)
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 18% (31 December 2009)
17% (31 December 2008)
Greece 0.75% (31 December 2013)
1.5% (31 December 2010)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area
Grenada 6.5% (31 December 2009)
6.5% (31 December 2008)
Guatemala 6.5% (31 December 2010)
Guinea-Bissau 4.25% (31 December 2009)
4.75% (31 December 2008)
Guinea NA% (31 December 2010)
22.25% (31 December 2005)
Guyana 5.5% (31 December 2011)
4.25% (31 December 2010)
Honduras 6.25% (31 December 2010)
Hong Kong 0.5% (31 December 2013)
0.5% (31 December 2012)
Hungary 5.75% (19 December 2012)
7% (31 December 2011)
Iceland 5.4% (31 January 2012)
5.75% (31 December 2010)
India 7.75% (31 December 2013)
8% (31 December 2010)
note: this is the Indian central bank's policy rate - the repurchase rate
Indonesia 6.37% (31 December 2010)
6.46% (31 December 2009)
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% (December 2012)
6% (December 2011)
Ireland 0.75% (31 December 2013)
1.5% (31 December 2010)
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 0.25% (31 December 2014)
1% (31 December 2013)
Italy 0.25% (31 December 2013)
0.75% (31 December 2012)
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)
Japan 0.3% (31 December 2013)
0.3% (31 December 2012)
Jordan 0.3% (31 December 2010)
4.75% (31 December 2009)
Kazakhstan 5.5% (31 December 2012)
7.5% (31 December 2011)
Kenya 7% (31 December 2010)
Korea, South 2% (31 December 2014)
2.5% (31 December 2013)
Kuwait 1.25% (31 December 2010)
3% (31 December 2009)
Kyrgyzstan 13.73% (22 December 2011)
2.5% (31 December 2010)
Laos 4.3% (31 December 2010)
4% (31 December 2009)
Latvia 3.5% (31 December 2011)
3.5% (31 December 2010)
Lebanon 3.5% (31 December 2010)
10% (31 December 2009)
Lesotho 9.36% (31 December 2012)
10% (31 December 2010)
Libya 9.52% (31 December 2010)
3% (31 December 2009)
Lithuania 3% (31 December 2010)
2.06% (31 December 2009)
Luxembourg 0.75% (31 December 2013)
1.5% (31 December 2010)
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 December 2013)
3.75% (31 December 2012)
note: series discontinued in January 2010; the discount rate has been replaced by a referent rate for calculating the penalty rate
Madagascar 5% (31 December 2010)
Malawi 15% (31 December 2009)
15% (31 December 2008)
Malaysia 3% (31 December 2011)
2.83% (31 December 2010)
Maldives 7% (31 December 2012)
6.96% (31 December 2011)
Mali 16% (31 December 2010)
4.25% (31 December 2009)
Malta 0.75% (31 December 2013)
1.5% (13 November 2013)
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)
12% (31 December 2007)
Mauritius 9% (31 December 2010)
Mexico 4.5% (31 December 2012)
4.5% (31 December 2011)
Moldova 3.5% (31 December 2013)
4.5% (31 December 2012)
note: this is the basic rate on short-term operations
Mongolia 13.25% (31 December 2012)
12.25% (31 December 2011)
Montserrat 10.99% (31 December 2010)
6.5% (31 December 2009)
Morocco 6.5% (31 December 2010)
3.31% (31 December 2009)
Mozambique 9.5% (17 January 2013)
3.25% (31 December 2010)
Namibia 5.5% (31 December 2013)
12% (31 December 2010)
Nepal 8% (31 October 2014)
8% (31 December 2013)
Netherlands 0.75% (31 December 2013)
1.5% (31 December 2010)
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)
5% (31 December 2008)
Nicaragua 3% (31 December 2010)
Nigeria 4.25% (31 December 2010)
6% (31 December 2009)
Niger 4.25% (31 December 2009)
4.75% (31 December 2008)
Norway 6.25% (31 December 2010)
1.75% (31 December 2009)
Oman 2% (31 December 2010)
0.05% (31 December 2009)
Pakistan 9.5% (18 December 2014)
10% (31 December 2013)
Papua New Guinea 14% (31 December 2010)
6.92% (31 December 2009)
Paraguay 5.5% (31 December 2012)
6% (31 December 2011)
Peru 5.05% (31 December 2012)
5.05% (31 December 2011)
Philippines 5.3% (31 December 2012)
5.6% (31 December 2011)
Poland 4.25% (31 December 2012)
4% (31 December 2010)
Portugal 0.75% (31 December 2013)
1.5% (31 December 2010)
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% (31 December 2012)
4.93% (31 December 2011)
Romania 4% (31 December 2013)
5.25% (31 December 2012)
Russia 17% (2014 est.)
8% (31 December 2011)
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)
11.25% (31 December 2008)
Saint Kitts and Nevis 6.5% (31 December 2009)
6.5% (31 December 2008)
Saint Lucia 6.5% (31 December 2010)
6.5% (31 December 2009)
Saint Vincent and the Grenadines 6.5% (31 December 2010)
6.5% (31 December 2009)
Sao Tome and Principe 16% (31 December 2009)
28% (31 December 2008)
Saudi Arabia 2.5% (31 December 2008)

Senegal 0.25% (31 December 2010)
4.25% (31 December 2009)
Serbia 9.5% (18 March 2014)
11.75% (6 February 2013)
Seychelles 11.17% (31 December 2010)
Sierra Leone NA%
Slovakia 1.75% (31 December 2011)
1.75% (31 December 2010)
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 0.75% (31 December 2013)
1.5% (31 December 2012)
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% (31 December 2012)
7% (31 December 2009)
Spain 0.05% (10 September 2014)
0.25% (13 November 2013)
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 6.5% (31 December 2013)
7.5% (19 December 2012)
Swaziland 6.5% (31 December 2010)
6.5% (31 December 2009)
Sweden 5.5% (31 December 2010)
0.5% (31 December 2009)
Switzerland 0.5% (31 December 2010)
0.75% (31 December 2009)
Syria 0.75% (31 December 2014)
5% (31 December 2013)
Taiwan 1.88% (31 December 2012)
1.88% (31 December 2011)
Tajikistan 4.8% (31 December 2013)
6.5% (31 December 2012)
Tanzania 8.25% (31 December 2010)
3.7% (31 December 2009)
Thailand 2.25% (31 December 2013)
3.25% (31 December 2011)
Togo 2.5% (31 December 2010)
4.25% (31 December 2009)
Trinidad and Tobago 4.25% (31 December 2010)
7.25% (31 December 2009)
Tunisia 5.75% (31 December 2010)
Turkey 5.25% (31 December 2011)
15% (22 December 2009)
Uganda 14% (31 December 2010)
9.65% (31 December 2009)
Ukraine 7.5% (31 January 2012)
11.97% (31 December 2010)
United Arab Emirates NA%
United Kingdom 0.5% (31 December 2013)
0.5% (31 December 2012)
United States 0.5% (31 December 2010)
0.5% (31 December 2009)
Uruguay 9% (31 December 2012)
8.75% (31 December 2011)
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
Vanuatu 20% (31 December 2010)
6% (31 December 2009)
Venezuela 29.5% (31 December 2010)
29.5% (31 December 2009)
Vietnam 9% (31 December 2012)
15% (31 December 2011)
Yemen NA%
Zambia 8.39% (31 December 2009)
14.49% (31 December 2008)
Zimbabwe 7.17% (31 December 2010)
975% (31 December 2007)