Central bank policy rate
The rate a central bank sets to steer monetary policy, or its operational target, in percent per year. United States: effective federal funds rate, monthly average of daily rates (Federal Reserve H.15). Euro area: ECB deposit facility rate in force on the last day of the month. Other countries: the policy rate in force at the end of the month as reported by the national central bank and compiled by the BIS.
Timing differs by source: the US figure is a monthly average of the market rate that the Federal Reserve targets (the target range is set by the FOMC; the BIS copy uses its midpoint), while ECB and BIS figures are end-of-month levels. The euro area series is the deposit facility rate for its whole history; the ECB has steered with it since September 2024, and before that the BIS series and most press coverage used the main refinancing rate (see ecb_main_refinancing_rate). Euro area members have no national policy rate since 1999, so their BIS series end in 1998. Each BIS series names its central bank and the instrument used in each period.
Rankings
Countries by central bank policy rate, July 2026
Places with data
World, EU and euro area
Countries
- India
- China
- United States
- Indonesia
- Brazil
- Russia
- Mexico
- Japan
- Philippines
- Türkiye
- Germany
- Thailand
- United Kingdom
- France
- South Africa
- Italy
- Colombia
- South Korea
- Spain
- Argentina
- Canada
- Morocco
- Saudi Arabia
- Poland
- Malaysia
- Peru
- Australia
- Chile
- Romania
- Netherlands
- Belgium
- Czechia
- Portugal
- Sweden
- Greece
- Israel
- Hungary
- Austria
- Switzerland
- Hong Kong
- Serbia
- Denmark
- Norway
- New Zealand
- Kuwait
- Croatia
- North Macedonia
- Iceland
Use this data in your AI agent
Invokely serves this figure to AI assistants through MCP and to code through a REST API, with the source and citation attached. Ask your assistant:
Which places have the highest central bank policy rate? Use official data and cite it.
rank_places {"indicator":"policy_interest_rate","level":"region","within":"United States"}
GET https://invokely.ai/api/v1/rank?indicator=policy_interest_rate&level=region&within=United%20States