# Countries by central bank policy rate, July 2026

All 36 values come from Bank for International Settlements for 2026-07, so the places are comparable. 12 countries have no value for that period and are not ranked.

- Indicator id: `policy_interest_rate`
- Unit: %
- Definition: 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.
- Source: Bank for International Settlements, Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF) (https://stats.bis.org/api/v2/data/dataflow/BIS/WS_CBPOL/1.0/M.TR?format=csv)
- Retrieved: 2026-10-09
- Citation: Bank for International Settlements (BIS), from national central bank data. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). https://stats.bis.org/api/v2/data/dataflow/BIS/WS_CBPOL/1.0/M.TR?format=csv. Retrieved 2026-10-09.
- Web page: https://invokely.ai/rankings/policy-interest-rate/countries
- CSV: https://invokely.ai/download/rankings/policy-interest-rate/countries.csv

| Rank | Place | % |
|---:|---|---:|
| 1 | Türkiye | 37 |
| 2 | Brazil | 14.25 |
| 3 | Russia | 14 |
| 4 | Colombia | 12 |
| 5 | Iceland | 7.75 |
| 6 | South Africa | 7 |
| 7 | Mexico | 6.5 |
| 7 | Romania | 6.5 |
| 9 | Hungary | 5.75 |
| 9 | Indonesia | 5.75 |
| 9 | Serbia | 5.75 |
| 12 | Philippines | 4.75 |
| 13 | Chile | 4.5 |
| 14 | Australia | 4.35 |
| 15 | North Macedonia | 4.25 |
| 15 | Norway | 4.25 |
| 15 | Peru | 4.25 |
| 15 | Saudi Arabia | 4.25 |
| 19 | Hong Kong | 4 |
| 20 | Czechia | 3.75 |
| 20 | Poland | 3.75 |
| 20 | United Kingdom | 3.75 |
| 23 | United States | 3.625 |
| 24 | Israel | 3.5 |
| 24 | Kuwait | 3.5 |
| 26 | China | 3 |
| 27 | Malaysia | 2.75 |
| 27 | South Korea | 2.75 |
| 29 | New Zealand | 2.5 |
| 30 | Canada | 2.25 |
| 30 | Morocco | 2.25 |
| 32 | Denmark | 1.85 |
| 33 | Sweden | 1.75 |
| 34 | Japan | 1 |
| 34 | Thailand | 1 |
| 36 | Switzerland | 0 |