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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 Ranking

By Country Listing of the values for the Central bank discount rate field
Country | Central bank discount rate
--- | ---
Albania | 1.25% (31 December 2017) 1.25% (31 December 2016)
Algeria | 4% (31 December 2010) 4% (31 December 2009)
Angola | 9% (31 December 2014) 25% (31 December 2010)
Anguilla | 6.5% (31 December 2010) 6.5% (31 December 2009)
Antigua and Barbuda | 6.5% (31 December 2010) 6.5% (31 December 2009)
Argentina | NA
Armenia | 6.5% (14 December 2016) 10.5% (10 February 2015) note: this is the Refinancing Rate, the key monetary policy instrument of the Armenian National Bank
Aruba | 1% (31 December 2010) 3% (31 December 2009)
Australia | 3% (28 February 2013) 4.35% (31 December 2010) note: this is the Reserve Bank of Australia's "cash rate target," or policy rate
Austria | 0% (31 December 2017) 0% (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
Azerbaijan | 15% (10 March 2017) 15% (14 September 2016) note: this is the Refinancing Rate, the key policy rate for the National Bank of Azerbaijan
Bahamas, The | 4.5% (1 January 2014) 4.5% (31 December 2012)
Bahrain | 1.75% (18 December 2017) 0.5% (31 December 2010)
Bangladesh | 5% (11 December 2017) 5% (30 October 2015)
Barbados | 7% (2017) 7% (31 December 2016)
Belarus | 14% (19 April 2017) 15% (15 March 2017)
Belgium | 0% (31 December 2017) 0% (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 | 9.58% (1 November 2017) 9.14% (1 November 2016)
Benin | 4.25% (31 December 2010) 4.25% (31 December 2009)
Bhutan | 6% (2017 est.) note: this is the policy rate of Bhutan's central bank
Bolivia | 2.5% (31 December 2017 est.) 2.5% (31 December 2016 est.)
Botswana | 5.5% (31 December 2016) 6% (31 December 2015)
Brazil | 7% (31 December 2017 est.) 13.75% (31 December 2016)
Bulgaria | 0% (31 December 2017) 0.01% (31 December 2015) 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) 4.25% (31 December 2009)
Burma | 9.95% (31 December 2010) 12% (31 December 2009)
Burundi | 11.25% (31 December 2010) 10% (31 December 2009)
Cabo Verde | 7.5% (31 December 2010) 7.5% (31 December 2009)
Cambodia | NA% (31 December 2012) 5.25% (31 December 2007)
Cameroon | 4.25% (31 December 2009)
Canada | 1% (31 December 2010) 0.25% (31 December 2009)
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 | 3.35% (31 December 2015) 3% (31 December 2014)
China | 2.25% (5 December 2017 est.) 2.25% (31 December 2016 est.)
Colombia | 4.75% (12 December 2017) 7.5% (31 December 2016)
Comoros | 1.93% (31 December 2010) 2.21% (31 December 2009)
Congo, Democratic Republic of the | 20% (31 December 2017) 20% (31 December 2011)
Congo, Republic of the | 4.25% (31 December 2009) 4.75% (31 December 2008)
Costa Rica | 3.5% (31 December 2016 est.) 21.5% (31 December 2010)
Cote d'Ivoire | 4.25% (31 December 2010) 4.25% (31 December 2009)
Croatia | 3% (31 December 2017) 3.5% (31 December 2016)
Cuba | NA
Curacao | NA% (31 December 2010)
Cyprus | 0% (31 December 2017) 0% (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
Czechia | 0.05% (31 December 2017) 0.05% (31 December 2016) note: this is the two-week repo, the main rate CNB uses
Denmark | 0% (31 December 2017) 0% (31 December 2016)
Dominica | 6.5% (31 December 2010) 6.5% (31 December 2009)
Ecuador | 8.17% (31 December 2011) 8.68% (31 December 2010)
Egypt | 19.25% (9 July 2017) 15.25% (3 November 2016)
Equatorial Guinea | 8.5% (31 December 2010) 4.25% (31 December 2009)
Estonia | 0% (31 December 2017 est.) 0% (31 December 2016 est.)
Eswatini | 7.25% (31 December 2016) 6.5% (31 December 2015)
Ethiopia | NA
European Union | 0% (31 December 2017 est.) 0% (31 December 2016 est.) 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) 3% (31 December 2009)
Finland | 1.25% (31 December 2017) 0% (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 | 0% (31 December 2016) 0.05% (31 December 2015) 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) 4.25% (31 December 2009)
Gambia, The | 9% (31 December 2009) 11% (31 December 2008)
Georgia | 7% (23 September 2015) 6.5% (7) note: this is the Refinancing Rate, the key monetary policy rate of the National Bank of Georgia
Germany | 0% (31 December 2017) 0% (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 | 20% (31 December 2017) 25.5% (31 December 2016)
Greece | 0.05% (31 March 2016) 0.15% (11 June 2014) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area
Greenland | NA
Grenada | 6.5% (31 December 2009) 6.5% (31 December 2008)
Guatemala | 7.53% (31 December 2015 est.) 6.5% (31 December 2010)
Guinea | 22.25% (31 December 2005)
Guinea-Bissau | 4.25% (31 December 2009) 4.75% (31 December 2008)
Guyana | 5.5% (31 December 2011) 4.25% (31 December 2010)
Honduras | 6.25% (31 December 2010)
Hong Kong | 1.75% (31 December 2017) 1% (31 December 2016)
Hungary | 0.9% (31 December 2017) 0.9% (31 December 2016)
Iceland | 5.4% (31 January 2012) 5.75% (31 December 2010)
India | 6% (31 December 2017) 6.25% (31 December 2016) note: this is the Indian central bank's policy rate - the repurchase rate
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% (2016) 6% (2015)
Ireland | 0.05% (31 December 2015) 0.15% (31 August 2014) 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 | 0.1% (15 December 2015) 0.25% (31 December 2014)
Italy | 0.25% (31 December 2013) 0.75% (31 December 2012) 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 | 3.25% (31 December 2017) 3% (31 December 2016)
Japan | 0.3% (31 December 2015) 0.3% (31 December 2014)
Jordan | 3.75% (31 December 2015) 0.3% (31 December 2010)
Kazakhstan | 11% (10 April 2017) 12% (9 January 2017)
Kenya | 10% (1 January 2017) 11.5% (1 January 2016)
Korea, South | 1.5% (31 December 2017 est.) 1.25% (31 December 2016 est.)
Kuwait | 2.75% (18 December 2017) 2.5% (31 December 2016)
Kyrgyzstan | 5% (31 December 2016) 8% (31 December 2015)
Laos | 4.3% (31 December 2010) 4% (31 December 2009)
Latvia | 0% (31 December 2017 est.) 0.05% (31 December 2015 est.)
Lebanon | 10% (31 December 2017) 10% (31 December 2016)
Lesotho | 6.75% (2 February 2016) 6.25% (31 December 2015)
Liberia | 3.2% (2016)
Libya | 9.52% (31 December 2010) 3% (31 December 2009)
Lithuania | 0% (31 December 2017 est.) 0.05% (31 December 2015 est.)
Luxembourg | 0% (31 December 2017) 0% (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 | 3.25% (31 March 2017) 3.75% (31 December 2016) note: series discontinued in January 2010; the discount rate has been replaced by a referent rate for calculating the penalty rate
Madagascar | 9.5% (31 December 2017) 8.3% (31 December 2016)
Malawi | 16% (31 December 2017 est.) 24% (31 December 2016 est.)
Malaysia | 3% (31 December 2011) 2.83% (31 December 2010)
Maldives | 7% (30 September 2017) 7% (30 September 2016)
Mali | 16% (31 December 2010) 4.25% (31 December 2009)
Malta | -0.35% (31 December 2016 est.) -0.2% (31 December 2015) 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) 12% (31 December 2007)
Mauritius | 9% (31 December 2010)
Mexico | 7.25% (31 December 2017) 5.75% (31 December 2016)
Moldova | 6.5% (31 December 2017) 9% (31 December 2016) note: this is the basic rate on short-term operations
Mongolia | 11% (25 December 2017) 14% (19 December 2016)
Montserrat | 10.99% (31 December 2010) 6.5% (31 December 2009)
Morocco | 6.5% (31 December 2010) 3.31% (31 December 2009)
Mozambique | 19% (4 November 2017) 23.25% (31 December 2016)
Namibia | 7% (12 April 2017) 6.5% (31 December 2015)
Nepal | 7% (30 July 2017) 7% (30 July 2016)
Netherlands | 0% (31 December 2016) 0.05% (31 December 2015) 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 | 1.75% (31 December 2017) 1.75% (31 December 2016)
Nicaragua | 3% (31 December 2010)
Niger | 4.25% (31 December 2015) 4.25% (31 December 2014)
Nigeria | 4.25% (31 December 2010) 6% (31 December 2009)
Norway | 6.25% (31 December 2010) 1.75% (31 December 2009)
Oman | 2% (31 December 2010) 0.05% (31 December 2009)
Pakistan | 5.75% (15 November 2016) 6% (15 November 2015)
Papua New Guinea | 14% (31 December 2010) 6.92% (31 December 2009)
Paraguay | 5.5% (31 December 2012) 6% (31 December 2011)
Peru | 4.25% (31 December 2016 est.) 5.05% (31 December 2012)
Philippines | 3.56% (31 December 2017) 3.56% (31 December 2016)
Poland | 1.5% (31 December 2017) 1.5% (31 December 2016)
Portugal | 0% (2016) 0.05% (2015) 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% (16 March 2017) 4.5% (31 December 2012)
Romania | 1.75% (31 December 2017) 1.75% (31 December 2016)
Russia | 10% (31 December 2016 est.) 11% (3 August 2015) 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) 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) 6.5% (31 December 2009)
Saint Vincent and the Grenadines | 6.5% (31 December 2010) 6.5% (31 December 2009)
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) 4.25% (31 December 2009)
Serbia | 3.5% (9 October 2017) 4% (31 December 2016)
Seychelles | 11.17% (31 December 2010)
Sierra Leone | NA
Singapore | 2.15% (2017 est.) 1.17% (2016 est.)
Slovakia | 0% (31 December 2017 est.) 0% (31 December 2016 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 | 0% (31 December 2017) 0% (16 March 2016) 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 | 5.75% (31 December 2014) 7% (31 December 2009)
Spain | 0.05% (10 September 2014) 0.25% (13 November 2013) 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 | 7.25% (30 November 2017) 6% (31 December 2015)
Suriname | 10% (2013) 9% (2012)
Sweden | -0.5% (31 December 2017) -0.5% (31 December 2016) note: the Discount rate was abolished in 2002, and replaced by a "Reference rate" with no bearing on monetary policy; the rate quoted here is the Reference rate
Switzerland | 0.5% (31 December 2016) 0.75% (31 December 2009)
Syria | 0.75% (31 December 2017) 5% (31 December 2016)
Taiwan | 1.38% (31 December 2016) 1.63% (31 December 2015)
Tajikistan | 16% (20 March 2017) 6.5% (31 December 2012)
Tanzania | 8.25% (31 December 2010) 3.7% (31 December 2009)
Thailand | 1.5% (31 December 2016) 1.5% (31 December 2015)
Togo | 2.5% (31 December 2010) 4.25% (31 December 2009)
Trinidad and Tobago | 6.75% (4 March 2016 est.) 6.75% (31 December 2015 est.)
Tunisia | 5.75% (31 December 2010)
Turkey | 5.25% (31 December 2011) 15% (22 December 2009)
Turkmenistan | 5% (31 December 2014) 5% (31 December 2013)
Uganda | 9% (February 2018) 9.5% (December 2017)
Ukraine | 22% (23 December 2015) 7.5% (31 January 2012)
United Arab Emirates | NA
United Kingdom | 0.25% (31 December 2016) 0.5% (31 December 2015)
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
Uzbekistan | 9% (2016) 9% (2015)
Vanuatu | 20% (31 December 2010) 6% (31 December 2009)
Venezuela | 29.5% (2015)
Vietnam | 4.25% (7 October 2017) 15% (31 December 2011)
Yemen | NA
Zambia | 9.1% (31 December 2012) 19% (31 December 2011)
Zimbabwe | 7.17% (31 December 2010) 975% (31 December 2007)

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