World Interest Rates Table

Welcome to World Interest Rates, here are the current interest rates of 32 countries national banks.
You can also find the price for Gold,Silver and Platinum in the precious metals page.
countries government's and national banks change the rate of interest in order to achieve a desired Monetary policy.
in the table below are the current interest rates around the world ,in order to see interest rates by region use the menu on the left side,you can also sort the table by clicking on the column headers.



CountryCurrent RatePrevious RateChangeLast Change
Australia4.25%4.5%-0.25%Dec 06 2011
Brazil11%11.5%-0.5%Nov 30 2011
Canada1%0.7%0.3%Sep 08 2010
Chile3.5%3.25%0.25%Nov 18 2010
China6.56%6.3%0.26%Jul 06 2011
Colombia3.25%3%0.25%Feb 28 2011
Czech Republic0.75%1%-0.25%May 06 2010
Denmark0.75%1%-0.25%Jan 15 2010
Egypt8.25%8.5%-0.25%Sep 22 2009
European Monetary Union1%1.25%-0.25%Dec 08 2011
Hong Kong SAR0.5%1%-0.5%Dec 17 2008
Hungary7%6.5%0.5%Dec 20 2011
Iceland4.75%4.5%0.25%Nov 02 2011
India8.5%8.2%0.3%Oct 25 2011
Indonesia6.75%6.5%0.25%Feb 04 2011
Israel2.75%3%-0.25%Dec 01 2011
Japan0.1%0%0.1%Dec 19 2008
Korea, Republic of3.25%3%0.25%Jun 10 2011
Malaysia2.75%2.5%0.25%Jul 08 2010
Mexico4.5%4.75%-0.25%Jul 17 2010
New Zealand2.5%3%-0.5%Mar 09 2011
Norway1.75%2.25%-0.5%Dec 14 2011
Philippines4%4.25%-0.25%Jul 09 2009
Poland3.75%3.5%0.25%Jun 03 2009
South Africa5.5%6%-0.5%Sep 10 2010
Sweden1.75%2%-0.25%Dec 20 2011
Switzerland0%0.2%-0.2%Aug 03 2011
Taiwan1.875%1.75%0.125%Jul 01 2011
Thailand2.5%2%0.5%Jan 12 2011
Turkey5.75%6.2%-0.45%Aug 05 2011
United Kingdom0.5%1%-0.5%Mar 05 2009
United States0.25%1%-0.75%Dec 16 2008






About Monetary policy

Monetary policy is the process a government, national bank, or monetary authority of a country uses to control
(i) the supply of money
(ii) availability of money
(iii) cost of money or rate of interest
to attain a set of objectives oriented towards the growth and stability of the economy.Monetary theory provides insight into how to craft optimal monetary policy. and it also used to influence the country currency.

Monetary policy is referred to as either being an expansionary policy, or a contractionary policy, where an expansionary policy increases the total supply of money in the economy, and a contractionary policy decreases the total money supply. Expansionary policy is traditionally used to combat unemployment in a recession by lowering interest rates, while contractionary policy involves raising interest rates to combat inflation. Monetary policy is contrasted with fiscal policy, which refers to government borrowing, spending and taxation.full article