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 1.25% (31 December 2017)
1.25% (31 December 2016)
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 6.5% (14 December 2016)
10.5% (10 February 2015)
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 15% (10 March 2017)
15% (14 September 2016)
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% (11 December 2017)
5% (30 October 2015)
Barbados 7% (31 December 2016)
7% (2017)
Belarus 14% (19 April 2017)
15% (15 March 2017)
Belgium 0% (31 December 2017)
0% (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 9.58% (1 November 2017)
9.14% (1 November 2016)
Benin 4.25% (31 December 2010)
4.25% (31 December 2009)
Bhutan 6%
note: this is the policy rate of Bhutan's central bank
Bolivia 2.5% (31 December 2017 est.)
2.5% (31 December 2016 est.)
Botswana 5.5% (31 December 2016)
6% (31 December 2015)
Brazil 7% (31 December 2017 est.)
13.75% (31 December 2016)
Bulgaria 0% (31 December 2017)
0.01% (31 December 2015)
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 3.35% (31 December 2015)
3% (31 December 2014)
China 2.25% (5 December 2017 est.)
2.25% (31 December 2016 est.)
Colombia 4.75% (12 December 2017)
7.5% (31 December 2016)
Comoros 1.93% (31 December 2010)
2.21% (31 December 2009)
Congo, Democratic Republic of the 20% (31 December 2017)
20% (31 December 2011)
Congo, Republic of the 4.25% (31 December 2009)
4.75% (31 December 2008)
Costa Rica 3.5% (31 December 2016 est.)
21.5% (31 December 2010)
Cote d'Ivoire 4.25% (31 December 2010)
4.25% (31 December 2009)
Croatia 3% (31 December 2017)
3.5% (31 December 2016)
Cuba NA%
Curacao NA% (31 December 2010)
Cyprus 0% (31 December 2017)
0% (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
Czechia 0.05% (31 December 2017)
0.05% (31 December 2016)
note: this is the two-week repo, the main rate CNB uses
Denmark 0% (31 December 2017)
0% (31 December 2016)
Dominica 6.5% (31 December 2010)
6.5% (31 December 2009)
Ecuador 8.17% (31 December 2011)
8.68% (31 December 2010)
Egypt 19.25% (9 July 2017)
15.25% (3 November 2016)
Equatorial Guinea 8.5% (31 December 2010)
4.25% (31 December 2009)
Estonia 0% (31 December 2017)
0% (31 December 2016 est.)
Eswatini 7.25% (31 December 2016)
6.5% (31 December 2015)
Ethiopia NA%
European Union 0% (31 December 2017)
0% (31 December 2016)
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 1.25% (31 December 2017)
0% (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% (31 December 2016)
0.05% (31 December 2015)
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 6.5% (7 Setpember 2016)
7% (23 September 2015)
note: this is the Refinancing Rate, the key monetary policy rate of the National Bank of Georgia
Germany 0% (31 December 2017)
0% (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 20% (31 December 2017)
25.5% (31 December 2016)
Greece 0.05% (31 March 2016)
0.15% (11 June 2014)
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)
6.5% (31 December 2008)
Guatemala 7.53% (31 December 2015 est.)
6.5% (31 December 2010)
Guinea 22.25% (31 December 2005)
Guinea-Bissau 4.25% (31 December 2009)
4.75% (31 December 2008)
Guyana 5.5% (31 December 2011)
4.25% (31 December 2010)
Honduras 6.25% (31 December 2010)
Hong Kong 1.75% (31 December 2017)
1% (31 December 2016)
Hungary 0.9% (31 December 2017)
0.9% (31 December 2016)
Iceland 5.4% (31 January 2012)
5.75% (31 December 2010)
India 6% (31 December 2017)
6.25% (31 December 2016)
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% (2016)
6% (2015)
Ireland 0.05% (31 December 2015)
0.15% (31 August 2014)
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)
0.25% (31 December 2014)
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 3.25% (31 December 2017)
3% (31 December 2016)
Japan 0.3% (31 December 2015)
0.3% (31 December 2014)
Jordan 3.75% (31 December 2015)
0.3% (31 December 2010)
Kazakhstan 11% (10 April 2017)
12% (9 January 2017)
Kenya 10% (1 January 2017)
11.5% (1 January 2016)
Korea, South 1.5% (31 December 2017 est.)
1.25% (31 December 2016 est.)
Kuwait 2.75% (18 December 2017)
2.5% (31 December 2016)
Kyrgyzstan 5% (31 December 2016)
8% (31 December 2015)
Laos 4.3% (31 December 2010)
4% (31 December 2009)
Latvia 0% (31 December 2017)
0.05% (31 December 2015)
Lebanon 10% (31 December 2017)
10% (31 December 2016)
Lesotho 6.75% (2 February 2016)
6.25% (31 December 2015)
Liberia 3.2% (2016)
Libya 9.52% (31 December 2010)
3% (31 December 2009)
Lithuania 0% (31 December 2017)
0.05% (31 December 2015)
Luxembourg 0% (31 December 2017)
0% (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 March 2017)
3.75% (31 December 2016)
note: series discontinued in January 2010; the discount rate has been replaced by a referent rate for calculating the penalty rate
Madagascar 9.5% (31 Decembre 2017)
8.3% (31 December 2016)
Malawi 16% (31 December 2017)
24% (31 December 2016)
Malaysia 3% (31 December 2011)
2.83% (31 December 2010)
Maldives 7% (30 September 2017)
7% (30 September 2016)
Mali 16% (31 December 2010)
4.25% (31 December 2009)
Malta -0.35% (31 December 2016 est.)
-0.2% (31 December 2015)
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 7.25% (31 December 2017)
5.75% (31 December 2016)
Moldova 6.5% (31 December 2017)
9% (31 December 2016)
note: this is the basic rate on short-term operations
Mongolia 11% (25 December 2017)
14% (19 December 2016)
Montserrat 10.99% (31 December 2010)
6.5% (31 December 2009)
Morocco 6.5% (31 December 2010)
3.31% (31 December 2009)
Mozambique 19% (4 November 2017)
23.25% (31 December 2016)
Namibia 7% (12 April 2017)
6.5% (31 December 2015)
Nepal 7% (30 July 2017)
7% (30 July 2016)
Netherlands 0% (31 December 2016)
0.05% (31 December 2015)
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 1.75% (31 December 2017)
1.75% (31 December 2016)
Nicaragua 3% (31 December 2010)
Niger 4.25% (31 December 2015)
4.25% (31 December 2014)
Nigeria 4.25% (31 December 2010)
6% (31 December 2009)
Norway 6.25% (31 December 2010)
1.75% (31 December 2009)
Oman 2% (31 December 2010)
0.05% (31 December 2009)
Pakistan 5.75% (15 November 2016)
6% (15 November 2015)
Papua New Guinea 14% (31 December 2010)
6.92% (31 December 2009)
Paraguay 5.5% (31 December 2012)
6% (31 December 2011)
Peru 4.25% (31 December 2016 est.)
5.05% (31 December 2012)
Philippines 3.56% (31 December 2017)
3.56% (31 December 2016)
Poland 1.5% (31 December 2017)
1.5% (31 December 2016)
Portugal 0% (2016)
0.05% (2015)
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 5% (16 March 2017)
4.5% (31 December 2012)
Romania 1.75% (31 December 2017)
1.75% (31 December 2016)
Russia 10% (31 December 2016 est.)
11% (03 August 2015)
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 3.5% (9 October 2017)
4% (31 December 2016)
Seychelles 11.17% (31 December 2010)
Sierra Leone NA%
Singapore 2.15% (2017 est.)
1.17% (2016 est.)
Slovakia 0% (31 December 2017)
0% (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)
0% (16 March2016)
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)
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 7.25% (30 November 2017)
6% (31 December 2015)
Suriname 10% (2013)
9% (2012)
Sweden -0.5% (31 December 2017)
-0.5% (31 December 2016)
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)
0.75% (31 December 2009)
Syria 0.75% (31 December 2017)
5% (31 December 2016)
Taiwan 1.38% (31 December 2016)
1.63% (31 December 2015)
Tajikistan 16% (20 March 2017)
6.5% (31 December 2012)
Tanzania 8.25% (31 December 2010)
3.7% (31 December 2009)
Thailand 1.5% (31 December 2016)
1.5% (31 December 2015)
Togo 2.5% (31 December 2010)
4.25% (31 December 2009)
Trinidad and Tobago 6.75% (04 March 2016 est.)
6.75% (31 December 2015 est.)
Tunisia 5.75% (31 December 2010)
Turkey 5.25% (31 December 2011)
15% (22 December 2009)
Turkmenistan 5% (31 December 2014)
5% (31 December 2013)
Uganda 9% (February 2018)
9.5% (December 2017)
Ukraine 22% (23 December 2015)
7.5% (31 January 2012)
United Arab Emirates NA%
United Kingdom 0.25% (31 December 2016)
0.5% (31 December 2015)
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
Uzbekistan 9% (2016)
9% (2015)
Vanuatu 20% (31 December 2010)
6% (31 December 2009)
Venezuela 29.5% (2015)

Vietnam 4.25% (7 October 2017)
15% (31 December 2011)
Yemen NA%
Zambia 9.1% (31 December 2012)
19% (31 December 2011)
Zimbabwe 7.17% (31 December 2010)
975% (31 December 2007)