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Field Listing :: Central bank discount rate

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	5% (31 December 2010) 5.25% (31 December 2009)


Algeria	4% (31 December 2009) 4% (31 December 2008)


Angola	30% (31 December 2009) 19.57% (31 December 2008)


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


Antigua and Barbuda	6.5% (31 December 2009) 6.5% (31 December 2008)


Argentina	NA%


Armenia	NA% (31 December 2009) 7.25% (2 December 2008) note: this is the Refinancing Rate, the key monetary policy instrument of the Armenian National Bank


Aruba	3% (31 December 2009) 5% (31 December 2008)


Australia	4% (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 2009) 5.25% (31 December 2008)


Bangladesh	5% (31 October 2010) 5% (31 December 2008)


Barbados	7% (31 December 2009) 10% (31 December 2008)


Belarus	13.5% (31 December 2009) 12% (31 December 2008)


Belgium	1.75% (31 December 2010) 1.75% (31 December 2009) 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 2009) 12% (31 December 2008)


Benin	4.25% (31 December 2009) 4.75% (31 December 2008)


Bhutan	NA%


Bolivia	3% (31 December 2010) 3% (31 December 2009)


Botswana	10% (31 December 2009) 15% (31 December 2008)


Brazil	15.17% (31 December 2009) 20.48% (31 December 2008)


Bulgaria	20% (31 December 2010) note: Bulgarian National Bank (BNB) has had no independent monetary policy since the introduction of the Currency Board regime in 1997; this is BNB's base interest rate


Burkina Faso	4.25% (31 December 2009) 4.75% (31 December 2008)


Burma	12% (31 December 2009) 12% (31 December 2008)


Burundi	10% (31 December 2009) 10.08% (31 December 2008)


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


Cameroon	4.25% (31 December 2009) 4.75% (31 December 2008)


Canada	1% (31 December 2010) 0.5% (31 December 2009)


Cape Verde	7.5% (31 December 2009) 7.5% (31 December 2008)


Central African Republic	4.25% (31 December 2009) 4.75% (31 December 2008)


Chad	4.25% (31 December 2009) 4.75% (31 December 2008)


Chile	0.5% (31 December 2009) 8.25% (31 December 2008)


China	2.79% (31 December 2009) 2.79% (31 December 2008)


Colombia	3% (31 October 2010) 5.5% (31 December 2009)


Comoros	2.21% (31 December 2009) 5.36% (31 December 2008)


Congo, Democratic Republic of the	70% (31 December 2009) 40% (31 December 2008)


Congo, Republic of the	4.25% (31 December 2009) 4.75% (31 December 2008)


Costa Rica	23% (31 December 2009) 25% (31 December 2008)


Cote d'Ivoire	4.25% (31 December 2009) 4.75% (31 December 2008)


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


Cuba	NA%


Cyprus	1.75% (31 December 2010) 1.75% (31 December 2009) 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 2010) 1% (31 December 2009) note: the two-week repo rate was 0.75% on 31 December 2010; this is the main rate CNB uses


Denmark	1.75% (31 December 2010) 1.75% (31 December 2009)


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


Ecuador	8.68% (31 December 2010) 9.19% (31 December 2009)


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


Equatorial Guinea	4.25% (31 December 2009) 4.75% (31 December 2008)


Ethiopia	NA%


European Union	1.75% (31 December 2010) 1.75% (31 December 2009) 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	3% (31 December 2009) 6.32% (31 December 2008)


Finland	1.75% (31 December 2010) 1.75% (31 December 2009) 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	1.75% (31 December 2010) 1.75% (31 December 2009) 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	4.25% (31 December 2009) 4.75% (31 December 2008)


Gambia, The	9% (31 December 2009) 11% (31 December 2008)


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 2010) 1.75% (31 December 2009) 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	18% (31 December 2009) 17% (31 December 2008)


Greece	1.75% (31 December 2010) 1.75% (31 December 2009) 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 2009) 6.5% (31 December 2008)


Guatemala	NA%


Guinea	NA% 22.25% (31 December 2005)


Guinea-Bissau	4.25% (31 December 2009) 4.75% (31 December 2008)


Guyana	6.75% (31 December 2009) 6.75% (31 December 2008)


Honduras	NA%


Hong Kong	0.5% (31 December 2010) 0.5% (31 December 2009)


Hungary	5.75% (31 December 2010) 6.25% (31 December 2009)


Iceland	14.55% (31 December 2009) 22% (31 December 2008)


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


Indonesia	6.37% (31 December 2010) 6.46% (31 December 2009) note: this figure represents the 3-month SBI rate; BI has not employed the one-month SBI since September 2010


Iran	NA%


Iraq	8.83% (31 December 2009) 16.75% (31 December 2008)


Ireland	1.75% (31 December 2010) 1.75% (31 December 2009) 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% (31 December 2009) 2.5% (31 December 2008)


Italy	1.75% (31 December 2010) 1.75% (31 December 2009) 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 2009) 0.3% (31 December 2008)


Jordan	4.75% (31 December 2009) 6.25% (31 December 2008)


Kazakhstan	7% (31 December 2010) 10.5% (31 December 2008)


Kenya	NA%


Korea, South	1.25% (31 December 2009) 1.75% (31 December 2008)


Kuwait	3% (31 December 2009) 3.75% (31 December 2008)


Kyrgyzstan	9.07% (31 December 2009) 15.11% (31 December 2008)


Laos	4.3% (31 December 2010) 4% (31 December 2009)


Latvia	4% (31 December 2009) 6% (31 December 2008)


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


Lesotho	10.66% (31 December 2009) 14.05% (31 December 2008)


Libya	4% (31 December 2009) 5% (31 December 2008)


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


Luxembourg	1.75% (31 December 2010) 1.75% (31 December 2009) 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) note: series discontinued in January 2010. Discount rate was replaced by a referent rate for calculating the penalty rate: 4.0% (31 December 2010)


Madagascar	NA%


Malawi	15% (31 December 2009) 15% (31 December 2008)


Malaysia	2.83% (31 December 2010) 1% (31 December 2009)


Maldives	13% (31 December 2009) 13% (31 December 2008)


Mali	4.25% (31 December 2009) 4.75% (31 December 2008)


Malta	1.75% (31 December 2010) 1.75% (31 December 2009) 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 2009) 12% (31 December 2007)


Mauritius	NA%


Mexico	NA%


Mongolia	10.99% (31 December 2010) 10.82% (31 December 2009)


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


Morocco	3.31% (31 December 2009) 3.32% (31 December 2008)


Mozambique	9.95% (31 December 2009) 9.95% (31 December 2008)


Namibia	7% (31 December 2009) 10% (31 December 2008)


Nepal	6.5% (31 December 2010) 6.5% (31 December 2009)


Netherlands	1.75% (31 December 2010) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


New Zealand	2.5% (31 December 2009) 5% (31 December 2008)


Nicaragua	NA% (31 December 2009) NA% (31 December 2008)


Niger	4.25% (31 December 2009) 4.75% (31 December 2008)


Nigeria	6% (31 December 2009) 9.75% (31 December 2008)


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


Oman	0.05% (31 December 2009) 0.91% (31 December 2008)


Pakistan	12.5% (31 December 2009) 15% (31 December 2008)


Papua New Guinea	6.92% (31 December 2009) 7% (31 December 2008)


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


Peru	3.8% (31 December 2010) 2.05% (31 December 2009)


Philippines	4% (31 December 2010) 3.5% (31 December 2009)


Poland	3.5% (31 December 2010) 1.75% (31 December 2009)


Portugal	1.75% (31 December 2010) 1.75% (31 December 2009) 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	8.75% (31 December 2009) 13% (31 December 2008)


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


Saint Kitts and Nevis	6.5% (31 December 2009) 6.5% (31 December 2008)


Saint Lucia	6.5% (31 December 2009) 6.5% (31 December 2008)


Saint Vincent and the Grenadines	6.5% (31 December 2009) 6.5% (31 December 2008)


Sao Tome and Principe	16% (31 December 2009) 28% (31 December 2008)


Saudi Arabia	2.5% (31 December 2008)


Senegal	4.25% (31 December 2009) 4.75% (31 December 2008)


Serbia	12% (17 January 2011) 9.92% (31 December 2009)


Seychelles	NA% (31 December 2009) 5.13% (31 December 2007)


Sierra Leone	NA%


Slovakia	1% (31 December 2010) 3% (31 December 2008) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks from the euro area; as of 1 January 2009 Slovakia became a member of the Economic and Monetary Union (EMU)


Slovenia	1.75% (31 December 2010) 1.75% (31 December 2009) 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	7% (31 December 2009) 11.5% (31 December 2008)


Spain	1.75% (31 December 2010) 1.75% (31 December 2009) 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) 15% (31 December 2008)


Swaziland	6.5% (31 December 2009) 11% (31 December 2008)


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


Switzerland	0.04% (31 December 2010) 0.05% (31 December 2009)


Syria	5% (31 December 2009) 5% (31 December 2008)


Taiwan	1.625% (31 December 2010) 1.25% (February 2009)


Tajikistan	8% (31 December 2009) 13.5% (31 December 2008)


Tanzania	3.7% (31 December 2009) 15.99% (31 December 2008)


Thailand	1.75% (31 December 2010) 1.25% (31 December 2009)


Togo	4.25% (31 December 2009) 4.75% (31 December 2008)


Trinidad and Tobago	7.25% (31 December 2009) 10.75% (31 December 2008)


Tunisia	NA%


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


Uganda	9.65% (31 December 2009) 19.42% (31 December 2008)


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


United Arab Emirates	NA%


United Kingdom	NA% (31 December 2009) 0.86% (31 December 2008)


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


Uruguay	20% (31 December 2010) 20% (31 December 2009)


Vanuatu	6% (31 December 2009) 6% (31 December 2008)


Venezuela	29.5% (31 December 2009) 33.5% (31 December 2008)


Vietnam	7% (31 December 2010) 6% (31 December 2009)


Yemen	NA%


Zambia	8.39% (31 December 2009) 14.49% (31 December 2008)


Zimbabwe	NA% (31 December 2010) 975% (31 December 2007)

The online Factbook is updated weekly. ISSN 1553-8133
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