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)