# EU countries by central bank policy rate, December 1998

All 15 values come from Bank for International Settlements for 1998-12, so the places are comparable. 1 EU 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.HU?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.HU?format=csv. Retrieved 2026-10-09.
- Web page: https://invokely.ai/rankings/policy-interest-rate/eu-countries
- CSV: https://invokely.ai/download/rankings/policy-interest-rate/eu-countries.csv

| Rank | Place | % |
|---:|---|---:|
| 1 | Hungary | 17 |
| 2 | Poland | 15.5 |
| 3 | Greece | 11.6 |
| 4 | Croatia | 10 |
| 5 | Czechia | 9.5 |
| 6 | Belgium | 4.5 |
| 7 | Denmark | 3.95 |
| 8 | Sweden | 3.4 |
| 9 | Portugal | 3.25 |
| 10 | Austria | 3 |
| 10 | France | 3 |
| 10 | Germany | 3 |
| 10 | Italy | 3 |
| 10 | Spain | 3 |
| 15 | Netherlands | 2.75 |