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CIA - The World Factbook

CIA - The World Factbook

Field Listing :: Central bank discount rate

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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

Country	Central bank discount rate(%)


Albania	6.25% (31 December 2008) 6.25% (31 December 2007)


Algeria	4% (31 December 2008) 4% (31 December 2007)


Angola	19.57% (31 December 2008) 19.57% (31 December 2007)


Anguilla	6.5% (31 December 2008) 6.5% (31 December 2007)


Antigua and Barbuda	6.5% (31 December 2008) 6.5% (31 December 2007)


Argentina	NA%


Armenia	7.25% (2 December 2008) NA% (31 December 2007) note: this is the Refinancing Rate, the key monetary policy instrument of the Armenian National Bank


Aruba	5% (31 December 2008) 5% (31 December 2007)


Australia	3.75% (31 March 2010) 4.25% (3 December 2008) note: this is the Reserve Bank of Australia's "cash rate target," or policy rate


Azerbaijan	2% (31 December 2009) 8% (31 December 2008) note: this is the Refinancing Rate, the key policy rate for the National Bank of Azerbaijan


Bahamas, The	5.25% (31 December 2008) 5.25% (31 December 2007)


Bangladesh	5% (15 December 2009) 5% (31 December 2008)


Barbados	10% (31 December 2008) 12% (31 December 2007)


Belarus	12% (31 December 2008) 10% (31 December 2007)


Belgium	3% (31 December 2008) 5% (31 December 2007) 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	12% (31 December 2008) 12% (31 December 2007)


Benin	4.75% (31 December 2008) 4.25% (31 December 2007)


Bhutan	NA%


Bolivia	13% (31 December 2008) 6.5% (31 December 2007)


Botswana	15% (31 December 2008) 14.5% (31 December 2007)


Brazil	8.75% (31 December 2009) 20.48% (31 December 2008)


Bulgaria	0.55% (31 December 2009) 5.77% (31 December 2008)


Burkina Faso	4.75% (31 December 2008) 4.25% (31 December 2007)


Burma	12% (31 December 2008) 12% (31 December 2007)


Burundi	10.08% (31 December 2008) 10.12% (31 December 2007)


Cambodia	NA% (31 December 2008) 5.25% (31 December 2007)


Cameroon	4.75% (31 December 2008) 5.25% (31 December 2007)


Canada	1.75% (31 December 2008) 4.5% (31 December 2007)


Cape Verde	7.5% (31 December 2008) 8.5% (31 December 2007)


Central African Republic	4.75% (31 December 2008) 5.25% (31 December 2007)


Chad	4.75% (31 December 2008) 5.25% (31 December 2007)


Chile	8.25% (31 December 2008) 6% (31 December 2007)


China	2.79% (31 December 2008) 3.33% (31 December 2007)


Colombia	3.5% (31 November 2009) 11.5% (31 December 2008)


Comoros	5.36% (31 December 2008) 5.36% (31 December 2007)


Congo, Democratic Republic of the	NA% (31 December 2008) 5.25% (31 December 2007)


Congo, Republic of the	4.75% (31 December 2008) 5.25% (31 December 2007)


Costa Rica	25% (31 December 2008) 17% (31 December 2007)


Cote d'Ivoire	4.75% (31 December 2008) 4.25% (31 December 2007)


Croatia	9% (31 December 2009) 9% (31 December 2008)


Cuba	NA%


Cyprus	3% (31 December 2008) 5% (31 December 2007) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Czech Republic	0.25% (31 December 2009) 2.25% (31 December 2008)


Denmark	1.2% (31 December 2009) 3.75% (31 December 2008)


Dominica	6.5% (31 December 2008) 6.5% (31 December 2007)


Ecuador	note: as a dollarized economy, the Central Bank does not implement money market operations with private banks


Egypt	8.5% (31 December 2009) 11.5% (31 December 2008)


Equatorial Guinea	4.75% (31 December 2008) 5.25% (31 December 2007)


Ethiopia	NA%


European Union	3% (31 December 2008) 5% (31 December 2007) 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	6.32% (31 December 2008) 9.25% (31 December 2007)


Finland	3% (31 December 2008) 5% (31 December 2007) 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	3% (31 December 2008) 5% (31 December 2007) 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	4.75% (31 December 2008) 5.25% (31 December 2007)


Gambia, The	NA% (31 December 2008) 10% (31 December 2007)


Georgia	8% (25 December 2008) NA% (31 December 2007) note: this is the Refinancing Rate, the key monetary policy rate of the Georgian National Bank


Germany	1.75% (31 December 2009) 3% (31 December 2008) 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	17% (31 December 2008) 13.5% (31 December 2007)


Greece	3% (31 December 2008) 5% (31 December 2007) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Grenada	6.5% (31 December 2008) 6.5% (31 December 2007)


Guatemala	NA%


Guinea	NA% (31 December 2008) 22.25% (31 December 2005)


Guinea-Bissau	4.75% (31 December 2008) 4.25% (31 December 2007)


Guyana	6.75% (31 December 2008) 6.5% (31 December 2007)


Honduras	NA%


Hong Kong	0.5% (31 December 2009) 0.5% (31 December 2008)


Hungary	6.25% (31 December 2009) 10% (31 December 2008)


Iceland	11.5% (31 December 2009) 22% (31 December 2008)


India	4.75% (9 December 2009) 6% (31 December 2008)


Indonesia	10.83% (31 December 2008) 8% (31 December 2007)


Iraq	7% (31 December 2009) 20% (31 December 2007)


Ireland	3% (31 December 2008) 5% (31 December 2007) 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	1.25% (31 December 2009) 2.25% (31 December 2008)


Italy	3% (31 December 2008) 5% (31 December 2007) 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	NA%


Japan	0.3% (31 December 2008) 0.75% (31 December 2007)


Jordan	6.25% (31 December 2008) 7% (31 December 2007)


Kazakhstan	7% (31 December 2009) 10.5% (31 December 2008)


Kenya	NA%


Korea, South	1.75% (31 December 2008) 3.25% (31 December 2007)


Kuwait	2.5% (10 February 2010) 3.75% (31 December 2008)


Kyrgyzstan	NA%


Laos	4% (31 December 2009) 7.67% (31 December 2008)


Latvia	6% (31 December 2008) 6% (31 December 2007)


Lebanon	10% (31 December 2009) 12% (31 December 2008)


Lesotho	14.05% (31 December 2008) 12.82% (31 December 2007)


Libya	5% (31 December 2008) 4% (31 December 2007)


Lithuania	1.75% (February 2010) 4.73% (31 December 2008)


Luxembourg	3% (31 December 2008) 5% (31 December 2007) 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	6.5% (31 December 2009) 6.5% (31 December 2008)


Madagascar	NA%


Malawi	15% (31 December 2008) 15% (31 December 2007)


Malaysia	NA%


Maldives	13% (31 December 2008) 12.5% (31 December 2007)


Mali	4.75% (31 December 2008) 4.25% (31 December 2007)


Malta	1% (31 December 2009) 5% (31 December 2008) 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	NA% (31 December 2008) 12% (31 December 2007)


Mauritius	NA%


Mexico	NA%


Mongolia	10% (31 December 2009) 14.78% (31 December 2008)


Montserrat	6.5% (31 December 2008) 6.5% (31 December 2007)


Morocco	3.25% (24 August 2009) 3.32% (31 December 2008)


Mozambique	9.95% (31 December 2008) 9.95% (31 December 2007)


Namibia	10% (31 December 2008) 10.5% (31 December 2007)


Nepal	6.5% (31 December 2009) 6.5% (31 December 2008)


Netherlands	1.75% (3 May 2009) 5% (31 December 2007) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Netherlands Antilles	NA%


New Zealand	5% (31 December 2008) 8.25% (31 December 2007)


Nicaragua	NA%


Niger	4.75% (31 December 2008) 4.25% (31 December 2007)


Nigeria	9.75% (31 December 2008) 9.5% (31 December 2007)


Norway	4% (31 December 2008) 6.25% (31 December 2007)


Oman	0.91% (31 December 2008) 1.98% (31 December 2007)


Pakistan	15% (31 December 2008) 10% (31 December 2007)


Papua New Guinea	7% (31 December 2008) 7.38% (31 December 2007)


Paraguay	20% (31 December 2008) 20% (31 December 2007)


Peru	1.25% (31 November 2009) 7.25% (31 December 2008)


Philippines	3.5% (31 December 2009) 6% (31 December 2008)


Poland	5% (31 December 2008) 5% (31 December 2007)


Portugal	3% (31 December 2008) 5% (31 December 2007) 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	5.5% (31 December 2009) 5.5% (31 December 2008)


Romania	NA%


Russia	13% (31 December 2008) 10% (31 December 2007)


Rwanda	11.25% (31 December 2008) 12.5% (31 December 2007)


Saint Kitts and Nevis	6.5% (31 December 2008) 6.5% (31 December 2007)


Saint Lucia	6.5% (31 December 2008) 6.5% (31 December 2007)


Saint Vincent and the Grenadines	6.5% (31 December 2008) 6.5% (31 December 2007)


Sao Tome and Principe	28% (31 December 2008) 28% (31 December 2007)


Saudi Arabia	2.5% (31 December 2008) NA% (31 December 2007)


Senegal	4.75% (31 December 2008) 4.25% (31 December 2007)


Serbia	9.5% (31 December 2009) 17.75% (31 December 2008)


Seychelles	NA% (31 December 2008) 5.13% (31 December 2007)


Sierra Leone	NA%


Slovakia	1% (31 December 2008) 4.25% (31 December 2007)


Slovenia	3% (31 December 2008) 5% (31 December 2007) 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	11.5% (31 December 2008) 11% (31 December 2007)


Spain	1.75% (May 2009) 5% (31 December 2007) 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	7.5% (31 December 2009) 10.5% (31 December 2008)


Swaziland	11% (31 December 2008) 11% (31 December 2007)


Sweden	2% (31 December 2008) 3.5% (31 December 2007)


Switzerland	0.05% (31 December 2008) 2.05% (31 December 2007)


Syria	NA% (31 December 2008) 5% (31 December 2007)


Taiwan	1.25% (February 2009)


Tajikistan	NA% (31 December 2008) 15% (31 December 2007)


Tanzania	15.99% (31 December 2008) 16.4% (31 December 2007)


Thailand	1.75% (31 December 2009) 3.25% (31 December 2008)


Togo	4.75% (31 December 2008) 4.25% (31 December 2007)


Trinidad and Tobago	10.75% (31 December 2008) 10% (31 December 2007)


Tunisia	NA%


Turkey	15% (22 December 2009) 25% (31 December 2008)


Uganda	19.42% (31 December 2008) 14.68% (31 December 2007)


Ukraine	10.25% (31 December 2009) 12% (31 December 2008)


United Arab Emirates	NA%


United Kingdom	0.86% (31 December 2008)


United States	0.5% (31 December 2009) 0.86% (31 December 2008)


Uruguay	10% (31 December 2008) 10% (31 December 2007)


Vanuatu	6% (31 December 2008) 6% (31 December 2007)


Venezuela	33.5% (31 December 2008) 28.5% (31 December 2007)


Vietnam	6% (31 December 2009) 10.25% (31 December 2008)


Yemen	NA%


Zambia	14.49% (31 December 2008) 11.73% (31 December 2007)


Zimbabwe	NA% (31 December 2008) 975% (31 December 2007)

The online Factbook is updated bi-weekly. ISSN 1553-8133
For additional information on government leaders in selected foreign countries, go to World Leaders.