| 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) |