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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 est.) 5.25% (31 December 2009 est.)


Algeria	4% (31 December 2010 est.) 4% (31 December 2009 est.)


Angola	25% (31 December 2010 est.) 30% (31 December 2009 est.)


Anguilla	6.5% (31 December 2010 est.) 6.5% (31 December 2009 est.)


Antigua and Barbuda	6.5% (31 December 2010 est.) 6.5% (31 December 2009 est.)


Argentina	NA%


Armenia	8% (11 January 2012) 7.25% (2 December 2008) note: this is the Refinancing Rate, the key monetary policy instrument of the Armenian National Bank


Aruba	1% (31 December 2010 est.) 3% (31 December 2009 est.)


Australia	3% (February 2013 est.) 4.35% (31 December 2010 est.) note: this is the Reserve Bank of Australia's "cash rate target," or policy rate


Azerbaijan	5% (31 December 2012 est.) 5.25% (31 December 2011 est.) note: this is the Refinancing Rate, the key policy rate for the National Bank of Azerbaijan


Bahamas, The	4.5% (31 December 2012 est.) 4% (31 December 2011 est.)


Bangladesh	5% (31 December 2010 est.) 5% (31 December 2009 est.)


Barbados	7% (31 December 2010 est.) 7% (31 December 2009 est.)


Belarus	10.5% (31 December 2010 est.) 13.5% (31 December 2009 est.)


Belgium	1.5% (31 December 2012) 1.75% (31 December 2010) 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	18% (31 December 2010 est.) 12% (31 December 2009 est.)


Benin	4.25% (31 December 2010 est.) 4.25% (31 December 2009 est.)


Bhutan	NA%


Bolivia	4% (31 December 2011 est.) 3% (31 December 2010 est.)


Botswana	9.5% (31 December 2010 est.) 10% (31 December 2009 est.)


Brazil	7.25% (31 December 2012 est.) 11% (31 December 2011 est.)


Bulgaria	0.03% (31 December 2012 est.) 0.22% (31 December 2011 est.) 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 2010 est.) 4.25% (31 December 2009 est.)


Burma	9.95% (31 December 2010 est.) 12% (31 December 2009 est.)


Burundi	11.25% (31 December 2010 est.) 10% (31 December 2009 est.)


Cabo Verde	7.5% (31 December 2010 est.) 7.5% (31 December 2009 est.)


Cambodia	NA% (31 December 2012) 5.25% (31 December 2007)


Cameroon	4.25% (31 December 2009 est.)


Canada	1% (31 December 2010 est.) 0.25% (31 December 2009 est.)


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	3.12% (31 December 2010 est.) 0.5% (31 December 2009 est.)


China	2.25% (31 December 2012 est.) 2.25% (31 December 2011 est.)


Colombia	4.75% (31 December 2011) 5% (31 December 2010)


Comoros	1.93% (31 December 2010 est.) 2.21% (31 December 2009 est.)


Congo, Democratic Republic of the	4% (31 December 2012 est.) 20% (31 December 2011 est.)


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


Costa Rica	21.5% (31 December 2010 est.) 23% (31 December 2009 est.)


Cote d'Ivoire	4.25% (31 December 2010 est.) 4.25% (31 December 2009 est.)


Croatia	7% (31 December 2012 est.) 7% (31 December 2011 est.)


Cuba	NA%


Cyprus	1.5% (31 December 2012) 1.75% (31 December 2010) 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	0.75% (31 December 2011 est.) 0.75% (31 December 2010) note: this is the two-week repo, the main rate CNB uses


Denmark	0.75% (31 December 2011 est.) 0.75% (31 December 2010 est.)


Dominica	6.5% (31 December 2010 est.) 6.5% (31 December 2009 est.)


Ecuador	8.17% (31 December 2011) 8.68% (31 December 2010)


Egypt	8.68% (31 December 2010 est.) 8.5% (31 December 2009 est.)


Equatorial Guinea	8.5% (31 December 2010 est.) 4.25% (31 December 2009 est.)


Ethiopia	NA%


European Union	1.5% (31 December 2012) 1.75% (31 December 2011) 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	1.75% (31 December 2010 est.) 3% (31 December 2009 est.)


Finland	1.5% (31 December 2012) 1.75% (31 December 2010) 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	1.5% (31 December 2012) 1.75% (31 December 2010) 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	3% (31 December 2010 est.) 4.25% (31 December 2009 est.)


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


Georgia	5.25% (31 December 2012) 6.5% (31 January 2012) note: this is the Refinancing Rate, the key monetary policy rate of the National Bank of Georgia


Germany	1.5% (31 December 2012) 1.75% (31 December 2010) 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	1.5% (31 December 2012) 1.75% (31 December 2010) 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	6.5% (31 December 2010 est.)


Guinea	NA% (31 December 2010 est.) 22.25% (31 December 2005)


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


Guyana	5.5% (31 December 2011 est.) 4.25% (31 December 2010 est.)


Honduras	6.25% (31 December 2010 est.) NA% (31 December 2009 est.)


Hong Kong	0.5% (31 December 2012) 0.5% (31 December 2011)


Hungary	5.75% (19 December 2012) 7% (31 December 2011)


Iceland	5.4% (31 January 2012 est.) 5.75% (31 December 2010 est.)


India	5.5% (31 December 2010 est.) 6% (31 December 2009 est.) note: the Indian central bank's policy rate - the repurchase rate - was 8% during December 2012


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


Iran	NA%


Iraq	6% (December 2012) 6% (December 2011)


Ireland	1.5% (31 December 2012) 1.75% (31 December 2010) 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	2.75% (31 December 2011 est.) 2.02% (31 December 2010 est.)


Italy	1.5% (31 December 2012) 1.75% (31 December 2010) 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	2% (31 December 2010 est.) NA% (31 December 2009 est.)


Japan	0.1% (31 December 2012) 0.3% (31 December 2009)


Jordan	0.3% (31 December 2010 est.) 4.75% (31 December 2009 est.)


Kazakhstan	5.5% (31 December 2012 est.) 7.5% (31 December 2011 est.)


Kenya	7% (31 December 2010 est.) NA% (31 December 2009 est.)


Korea, South	1.5% (31 December 2011) 1.25% (31 December 2009)


Kuwait	1.25% (31 December 2010 est.) 3% (31 December 2009 est.)


Kyrgyzstan	13.73% (22 December 2011 est.) 2.5% (31 December 2010 est.)


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


Latvia	3.5% (31 December 2011 est.) 3.5% (31 December 2010 est.)


Lebanon	3.5% (31 December 2010 est.) 10% (31 December 2009 est.)


Lesotho	9.36% (31 December 2012 est.) 10% (31 December 2010 est.)


Libya	9.52% (31 December 2010 est.) 3% (31 December 2009 est.)


Lithuania	3% (31 December 2010 est.) 2.06% (31 December 2009 est.)


Luxembourg	1.5% (31 December 2012) 1.75% (31 December 2010) 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	3.75% (31 December 2012 est.) 4% (31 December 2011 est.) note: series discontinued in January 2010; the discount rate has been replaced by a referent rate for calculating the penalty rate


Madagascar	5% (31 December 2010 est.) NA% (31 December 2009 est.)


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


Malaysia	3% (31 December 2011) 2.83% (31 December 2010)


Maldives	7% (31 December 2012 est.) 6.96% (31 December 2011 est.)


Mali	16% (31 December 2010 est.) 4.25% (31 December 2009 est.)


Malta	1.75% (31 December 2011) 1.75% (31 December 2010) 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	9% (31 December 2009 est.) 12% (31 December 2007)


Mauritius	9% (31 December 2010 est.)


Mexico	4.5% (31 December 2012 est.) 4.5% (31 December 2011 est.)


Mongolia	13.25% (31 December 2012) 12.25% (31 December 2011 est.)


Montserrat	10.99% (31 December 2010 est.) 6.5% (31 December 2009 est.)


Morocco	6.5% (31 December 2010 est.) 3.31% (31 December 2009 est.)


Mozambique	9.5% (17 January 2013 est.) 3.25% (31 December 2010 est.)


Namibia	12% (31 December 2010 est.) 7% (31 December 2009 est.)


Nepal	6% (31 December 2010 est.) 6.5% (31 December 2009 est.)


Netherlands	1.5% (31 December 2012) 1.75% (31 December 2010) 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	3% (31 December 2010 est.)


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


Nigeria	4.25% (31 December 2010 est.) 6% (31 December 2009 est.)


Norway	6.25% (31 December 2010 est.) 1.75% (31 December 2009 est.)


Oman	2% (31 December 2010 est.) 0.05% (31 December 2009 est.)


Pakistan	12% (31 January 2012 est.) 14% (31 December 2010 est.)


Papua New Guinea	14% (31 December 2010 est.) 6.92% (31 December 2009 est.)


Paraguay	5.5% (31 December 2012 est.) 6% (31 December 2011 est.)


Peru	5.05% (31 December 2012) 5.05% (31 December 2011)


Philippines	5.3% (31 December 2012 est.) 5.6% (31 December 2011 est.)


Poland	4.25% (31 December 2012 est.) 4% (31 December 2010 est.)


Portugal	1.5% (31 December 2012) 1.75% (31 December 2010) 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	4.5% (31 December 2012 est.) 4.5% (31 December 2011 est.)


Romania	5.25% (31 December 2012) 5.75% (31 December 2011)


Russia	8.25% (31 December 2012 est.) 8% (31 December 2011) note: this is the so-called refinancing rate, but in Russia banks do not get refinancing at this rate; this is a reference rate used primarily for fiscal purposes


Rwanda	7.75% (31 December 2010 est.) 11.25% (31 December 2008)


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


Saint Lucia	6.5% (31 December 2010 est.) 6.5% (31 December 2009 est.)


Saint Vincent and the Grenadines	6.5% (31 December 2010 est.) 6.5% (31 December 2009 est.)


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


Saudi Arabia	2.5% (31 December 2008)


Senegal	0.25% (31 December 2010 est.) 4.25% (31 December 2009 est.)


Serbia	11.75% (6 February 2013) 9.5% (January 2012)


Seychelles	11.17% (31 December 2010 est.)


Sierra Leone	NA%


Slovakia	1.75% (31 December 2011 est.) 1.75% (31 December 2010 est.) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks from the euro area; Slovakia became a member of the Economic and Monetary Union (EMU) on 1 January 2009


Slovenia	1.5% (31 December 2012) 1.75% (31 December 2011) 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	5% (31 December 2012) 7% (31 December 2009)


Spain	1.5% (31 December 2012) 1.75% (31 December 2010) 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% (19 December 2012 est.) 7% (31 December 2011 est.)


Swaziland	6.5% (31 December 2010 est.) 6.5% (31 December 2009 est.)


Sweden	5.5% (31 December 2010 est.) 0.5% (31 December 2009 est.)


Switzerland	0.5% (31 December 2010 est.) 0.75% (31 December 2009 est.)


Syria	0.75% (31 December 2012 est.) 5% (31 December 2011 est.)


Taiwan	1.88% (31 December 2012) 1.88% (31 December 2011)


Tajikistan	6.5% (31 December 2012 est.) 5% (31 December 2010 est.)


Tanzania	8.25% (31 December 2010 est.) 3.7% (31 December 2009 est.)


Thailand	2.75% (31 December 2012 est.) 3.25% (31 December 2011 est.)


Togo	2.5% (31 December 2010 est.) 4.25% (31 December 2009 est.)


Trinidad and Tobago	4.25% (31 December 2010 est.) 7.25% (31 December 2009 est.)


Tunisia	5.75% (31 December 2010 est.)


Turkey	5.25% (31 December 2011) 15% (22 December 2009)


Uganda	14% (31 December 2010 est.) 9.65% (31 December 2009 est.)


Ukraine	7.5% (31 January 2012 est.) 11.97% (31 December 2010 est.)


United Arab Emirates	NA%


United Kingdom	0.5% (31 December 2012 est.) 0.5% (31 December 2011 est.)


United States	0.5% (31 December 2010) 0.5% (31 December 2009)


Uruguay	9% (31 December 2012) 8.75% (31 December 2011) note: Uruguay's central bank uses the benchmark interest rate, rather than the discount rate, to conduct monetary policy; the rates shown here are the benchmark rates


Vanuatu	20% (31 December 2010 est.) 6% (31 December 2009 est.)


Venezuela	29.5% (31 December 2010) 29.5% (31 December 2009)


Vietnam	9% (31 December 2012) 15% (31 December 2011)


Yemen	NA%


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


Zimbabwe	7.17% (31 December 2010 est.) 975% (31 December 2007)

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