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
Country
Central bank discount rate(%)
Albania 5% (31 December 2010 est.)
5.25% (31 December 2009 est.)
Algeria 4% (31 December 2010 est.)
4% (31 December 2009 est.)
Angola 25% (31 December 2010 est.)
30% (31 December 2009 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 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 est.)
3% (31 December 2009 est.)
Australia 3% (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 5% (31 December 2012 est.)
5.25% (31 December 2011 est.)
note: this is the Refinancing Rate, the key policy rate for the National Bank of Azerbaijan
Bahamas, The 4.5% (31 December 2012 est.)
4% (31 December 2011 est.)
Bangladesh 5% (31 December 2010 est.)
5% (31 December 2009 est.)
Barbados 7% (31 December 2010 est.)
7% (31 December 2009 est.)
Belarus 10.5% (31 December 2010 est.)
13.5% (31 December 2009 est.)
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 est.)
12% (31 December 2009 est.)
Benin 4.25% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Bhutan NA%
Bolivia 4% (31 December 2011 est.)
3% (31 December 2010 est.)
Botswana 9.5% (31 December 2010 est.)
10% (31 December 2009 est.)
Brazil 7.25% (31 December 2012 est.)
11% (31 December 2011 est.)
Bulgaria 0.03% (31 December 2012 est.)
0.22% (31 December 2011 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)
5.25% (31 December 2007)
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)
4.75% (31 December 2008)
Chad 4.25% (31 December 2009)
4.75% (31 December 2008)
Chile 3.12% (31 December 2010 est.)
0.5% (31 December 2009 est.)
China 2.25% (31 December 2013 est.)
2.25% (31 December 2012 est.)
Colombia 4.75% (31 December 2011)
5% (31 December 2010)
Comoros 1.93% (31 December 2010 est.)
2.21% (31 December 2009 est.)
Congo, Democratic Republic of the 4% (31 December 2012 est.)
20% (31 December 2011 est.)
Congo, Republic of the 4.25% (31 December 2009)
4.75% (31 December 2008)
Costa Rica 21.5% (31 December 2010 est.)
23% (31 December 2009 est.)
Cote d'Ivoire 4.25% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Croatia 7% (31 December 2013 est.)
7% (31 December 2012 est.)
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 est.)
0.05% (31 December 2012)
note: this is the two-week repo, the main rate CNB uses
Denmark 0.75% (31 December 2011 est.)
0.75% (31 December 2010 est.)
Dominica 6.5% (31 December 2010 est.)
6.5% (31 December 2009 est.)
Ecuador 8.17% (31 December 2011)
8.68% (31 December 2010)
Egypt 8.75% (5 December 2013 est.)
8.68% (31 December 2010 est.)
Equatorial Guinea 8.5% (31 December 2010 est.)
4.25% (31 December 2009 est.)
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 est.)
3% (31 December 2009 est.)
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 0.75% (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
Gabon 3% (31 December 2010 est.)
4.25% (31 December 2009 est.)
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 est.)
Guinea NA% (31 December 2010 est.)
22.25% (31 December 2005)
Guinea-Bissau 4.25% (31 December 2009)
4.75% (31 December 2008)
Guyana 5.5% (31 December 2011 est.)
4.25% (31 December 2010 est.)
Honduras 6.25% (31 December 2010 est.)
NA% (31 December 2009 est.)
Hong Kong 0.5% (31 December 2012)
0.5% (31 December 2011)
Hungary 5.75% (19 December 2012)
7% (31 December 2011)
Iceland 5.4% (31 January 2012 est.)
5.75% (31 December 2010 est.)
India 7.75% (31 December 2013 est.)
8% (31 December 2010 est.)
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 1% (31 December 2013 est.)
1.75% (31 December 2012 est.)
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 est.)
NA% (31 December 2009 est.)
Japan 0.1% (31 December 2012)
0.3% (31 December 2009)
Jordan 0.3% (31 December 2010 est.)
4.75% (31 December 2009 est.)
Kazakhstan 5.5% (31 December 2012 est.)
7.5% (31 December 2011 est.)
Kenya 7% (31 December 2010 est.)
NA% (31 December 2009 est.)
Korea, South 2.5% (31 December 2013)
2.75% (31 December 2012)
Kuwait 1.25% (31 December 2010 est.)
3% (31 December 2009 est.)
Kyrgyzstan 13.73% (22 December 2011 est.)
2.5% (31 December 2010 est.)
Laos 4.3% (31 December 2010)
4% (31 December 2009)
Latvia 3.5% (31 December 2011 est.)
3.5% (31 December 2010 est.)
Lebanon 3.5% (31 December 2010 est.)
10% (31 December 2009 est.)
Lesotho 9.36% (31 December 2012 est.)
10% (31 December 2010 est.)
Libya 9.52% (31 December 2010 est.)
3% (31 December 2009 est.)
Lithuania 3% (31 December 2010 est.)
2.06% (31 December 2009 est.)
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 est.)
3.75% (31 December 2012 est.)
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 est.)
NA% (31 December 2009 est.)
Malawi 15% (31 December 2009)
15% (31 December 2008)
Malaysia 3% (31 December 2011)
2.83% (31 December 2010)
Maldives 7% (31 December 2012 est.)
6.96% (31 December 2011 est.)
Mali 16% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Malta 1.23% (31 December 2013)
0.82% (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
Mauritania 9% (31 December 2009 est.)
12% (31 December 2007)
Mauritius 9% (31 December 2010 est.)
Mexico 4.5% (31 December 2012 est.)
4.5% (31 December 2011 est.)
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 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 12% (31 December 2010 est.)
7% (31 December 2009 est.)
Nepal 6% (31 December 2010 est.)
6.5% (31 December 2009 est.)
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 est.)
Niger 4.25% (31 December 2009)
4.75% (31 December 2008)
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 12% (31 January 2012 est.)
14% (31 December 2010 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 5.05% (31 December 2012)
5.05% (31 December 2011)
Philippines 5.3% (31 December 2012 est.)
5.6% (31 December 2011 est.)
Poland 4.25% (31 December 2012 est.)
4% (31 December 2010 est.)
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 est.)
4.93% (31 December 2011 est.)
Romania 5.25% (31 December 2012)
5.75% (31 December 2011)
Russia 8.25% (31 December 2012 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 est.)
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 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)
28% (31 December 2008)
Saudi Arabia 2.5% (31 December 2008)
Senegal 0.25% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Serbia 9.5% (18 March 2014)
11.75% (6 February 2013)
Seychelles 11.17% (31 December 2010 est.)
Sierra Leone NA%
Slovakia 1.75% (31 December 2011 est.)
1.75% (31 December 2010 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 0.75% (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 0.75% (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
Sri Lanka 6.5% (31 December 2013 est.)
7.5% (19 December 2012 est.)
Swaziland 6.5% (31 December 2010 est.)
6.5% (31 December 2009 est.)
Sweden 5.5% (31 December 2010 est.)
0.5% (31 December 2009 est.)
Switzerland 0.5% (31 December 2010 est.)
0.75% (31 December 2009 est.)
Syria 0.75% (31 December 2013 est.)
5% (31 December 2012 est.)
Taiwan 1.88% (31 December 2012)
1.88% (31 December 2011)
Tajikistan 4.8% (31 December 2013 est.)
6.5% (31 December 2012 est.)
Tanzania 8.25% (31 December 2010 est.)
3.7% (31 December 2009 est.)
Thailand 2.75% (31 December 2012 est.)
3.25% (31 December 2011 est.)
Togo 2.5% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Trinidad and Tobago 4.25% (31 December 2010 est.)
7.25% (31 December 2009 est.)
Tunisia 5.75% (31 December 2010 est.)
Turkey 5.25% (31 December 2011)
15% (22 December 2009)
Uganda 14% (31 December 2010 est.)
9.65% (31 December 2009 est.)
Ukraine 7.5% (31 January 2012 est.)
11.97% (31 December 2010 est.)
United Arab Emirates NA%
United Kingdom 0.5% (31 December 2012 est.)
0.5% (31 December 2011 est.)
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 est.)
6% (31 December 2009 est.)
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 est.)
975% (31 December 2007)