Policy rates
Every central bank's policy rate, tied to its own decision history back to founding where one exists.
as of 30 Oct 2026 · 49 central banks · 11 with their own history to founding · BIS join layer
Refreshed 30 Oct
Every bank below opens its own decision history, step-charted since its first change. Or put several on one axis, in their own per cent terms.
Compare central banks →Where rates stand
Every tracked central bank, sortable by level, last move, direction or hold.
How this is measured
| Bank ↑ | Level | Last move | Trailing year |
|---|---|---|---|
 Federal Reserve | policy rate 3.875% | 2026-09-17+0.25% | mixed |
 European Central Bank | policy rate 2.50% | 2026-09-16+0.25% | hiking |
 Bank of England | policy rate 3.75% | 2025-12-18−0.25% | cutting |
 People's Bank of China | policy rate 3.00% | 2025-05-20−0.10% | on hold |
 Bank of Japan | policy rate 1.25% | 2026-09-24+0.25% | hiking |
 Reserve Bank of India | policy rate 5.50% | 2026-10-07+0.25% | mixed |
 Bank of Canada | policy rate 2.25% | 2025-10-30−0.25% | on hold |
 Central Bank of Brazil | policy rate 13.75% | 2026-09-17−0.25% | cutting |
 Reserve Bank of Australia | policy rate 4.35% | 2026-05-06+0.25% | hiking |
 Bank of Korea | policy rate 3.00% | 2026-08-27+0.25% | hiking |
 Bank of Russia | policy rate 14.00% | 2026-07-27−0.25% | cutting |
 Banco de Mexico | policy rate 6.50% | 2026-05-08−0.25% | cutting |
 Central Bank of the Republic of Turkey | policy rate 36.00% | 2026-10-23−1.00% | cutting |
 Swiss National Bank | policy rate 0.00% | 2025-06-20−0.25% | on hold |
 National Bank of Poland | policy rate 3.75% | 2026-03-05−0.25% | cutting |
 Bank Indonesia | policy rate 5.75% | 2026-06-18+0.25% | hiking |
 South African Reserve Bank | policy rate 7.25% | 2026-09-25+0.25% | mixed |
 Saudi Central Bank | policy rate 4.50% | 2026-09-16+0.25% | mixed |
 Sveriges Riksbank | policy rate 1.75% | 2025-10-01−0.25% | on hold |
 Central Bank of Argentina | policy rate 38.00% | 2025-01-31−3.00% | market rate |
 Bank Negara Malaysia | policy rate 2.75% | 2025-07-09−0.25% | on hold |
 Bank of Thailand | policy rate 1.00% | 2026-02-25−0.25% | cutting |
 Bank of the Republic (Colombia) | policy rate 12.25% | 2026-10-01+0.25% | hiking |
 Hong Kong Monetary Authority | policy rate 4.25% | 2026-09-17+0.25% | mixed |
 Norges Bank | policy rate 4.50% | 2026-09-25+0.25% | hiking |
 Bangko Sentral ng Pilipinas | policy rate 5.50% | 2026-10-23+0.50% | mixed |
 Danmarks Nationalbank | policy rate 2.10% | 2026-09-11+0.25% | hiking |
 Bank of Israel | policy rate 3.25% | 2026-09-03−0.25% | cutting |
 Reserve Bank of New Zealand | policy rate 2.75% | 2026-09-02+0.25% | mixed |
 Czech National Bank | policy rate 3.75% | 2026-06-19+0.25% | hiking |
 Central Bank of Chile | policy rate 4.50% | 2025-12-17−0.25% | cutting |
 Magyar Nemzeti Bank | policy rate 5.50% | 2026-08-26−0.25% | mixed |
 Bank Al-Maghrib | policy rate 2.25% | 2025-03-20−0.25% | on hold |
 Central Reserve Bank of Peru | policy rate 4.25% | 2025-09-12−0.25% | on hold |
 National Bank of Romania | policy rate 6.50% | 2024-08-08−0.25% | on hold |
 Central Bank of Kuwait | policy rate 3.50% | 2025-12-11−0.25% | cutting |
 National Bank of Serbia | policy rate 5.75% | 2024-09-12−0.25% | on hold |
 Central Bank of Iceland | policy rate 8.00% | 2026-08-19+0.25% | mixed |
 National Bank of North Macedonia | policy rate 4.25% | 2026-06-17+0.25% | mixed |
 Deutsche BundesbankEuro since 1999 | policy rate 2.50% | 1996-04-19−0.50% | Joined the euro on 1 January 1999; the ECB sets the rate since. |
 Banque de FranceEuro since 1999 | policy rate 3.00% | 1998-12-08−0.30% | Joined the euro on 1 January 1999; the ECB sets the rate since. |
 Banca d'ItaliaEuro since 1999 | policy rate 3.00% | 1998-12-28−0.50% | Joined the euro on 1 January 1999; the ECB sets the rate since. |
 Bank of SpainEuro since 1999 | policy rate 3.00% | 1998-12-07−0.50% | Joined the euro on 1 January 1999; the ECB sets the rate since. |
 De Nederlandsche BankEuro since 1999 | policy rate 2.75% | 1997-10-10+0.25% | Joined the euro on 1 January 1999; the ECB sets the rate since. |
 National Bank of BelgiumEuro since 1999 | policy rate 4.50% | 1998-09-01−0.05% | Joined the euro on 1 January 1999; the ECB sets the rate since. |
 Banco de PortugalEuro since 1999 | policy rate 3.25% | 1998-12-20−1.00% | Joined the euro on 1 January 1999; the ECB sets the rate since. |
 Oesterreichische NationalbankEuro since 1999 | policy rate 3.00% | 1998-12-04−0.20% | Joined the euro on 1 January 1999; the ECB sets the rate since. |
 Bank of GreeceEuro since 2001 | policy rate 3.75% | 2000-12-27−1.00% | Joined the euro on 1 January 2001; the ECB sets the rate since. |
 Croatian National BankEuro since 2023 | policy rate 0.00% | 2022-04-07 | Joined the euro on 1 January 2023; the ECB sets the rate since. |
Federal Reservepolicy rate 3.875%European Central Bankpolicy rate 2.50%Bank of Englandpolicy rate 3.75%People's Bank of Chinapolicy rate 3.00%Bank of Japanpolicy rate 1.25%Reserve Bank of Indiapolicy rate 5.50%Bank of Canadapolicy rate 2.25%Central Bank of Brazilpolicy rate 13.75%Reserve Bank of Australiapolicy rate 4.35%Bank of Koreapolicy rate 3.00%Bank of Russiapolicy rate 14.00%Banco de Mexicopolicy rate 6.50%Next decisions
The next scheduled rate decision at 10 major central banks, soonest first.
How this is measured
Who moved this year
Live banks with at least one decision in the trailing 365 days, grouped by direction.
The longest holds
Top ten among live policy-rate banks by days since the last decision.
| Bank | Level | Hold | Since |
|---|---|---|---|
| National Bank of Romania | policy rate 6.50% | 813d | 2024-08-08 |
| National Bank of Serbia | policy rate 5.75% | 778d | 2024-09-12 |
| Bank Al-Maghrib | policy rate 2.25% | 589d | 2025-03-20 |
| People's Bank of China | policy rate 3.00% | 528d | 2025-05-20 |
| Swiss National Bank | policy rate 0.00% | 497d | 2025-06-20 |
| Bank Negara Malaysia | policy rate 2.75% | 478d | 2025-07-09 |
| Central Reserve Bank of Peru | policy rate 4.25% | 413d | 2025-09-12 |
| Sveriges Riksbank | policy rate 1.75% | 394d | 2025-10-01 |
| Bank of Canada | policy rate 2.25% | 365d | 2025-10-30 |
| Central Bank of Kuwait | policy rate 3.50% | 323d | 2025-12-11 |
Own history to founding
Eleven banks publish their own decision table back to (or near) their founding; BIS fills every other economy from its daily levels.
The Bank of England was founded in 1694; its Bank Rate history begins the same year.
Sveriges Riksbank was founded in 1668, the world's oldest central bank; its rate history begins in 1907.
Norges Bank was founded in 1816; its discount rate history begins in 1818.
The Bank of Japan was founded in 1882, with a policy rate on record from its first year.
The Swiss National Bank was founded in 1907, with a policy rate on record from its first year.
The Federal Reserve was founded in 1913; its discount rate history begins in 1914.
The Reserve Bank of New Zealand was founded in 1934, with a policy rate on record from its first year.
The Bank of Canada was founded in 1935, with a policy rate on record from its first year.
The Bundesbank ran from 1948 until 1998, when it ceded rate-setting to the ECB.
The Reserve Bank of Australia was founded in 1960; its cash rate target begins in 1990.
The European Central Bank was founded in 1998; its first rate was set on 1 January 1999.
Where these numbers come from
BIS central bank policy rates (CBPOL) join every economy that does not publish its own machine-readable decision table. Where a bank does, that own table is the spine: FRED for the Federal Reserve, the ECB Data Portal for the euro area, Bank of England via datahub, and each bank's own statistics, cited on its page.
Next decisions come from each bank's own meeting calendar: Federal Reserve, FOMC calendars, ECB, Governing Council meeting calendar, Bank of England, upcoming MPC dates, Bank of Japan, Monetary Policy Meetings, Bank of Canada, 2027 schedule, RBA, board meeting schedules, Reserve Bank of New Zealand, upcoming events, SNB, event schedule, Sveriges Riksbank, calendar 2027, Norges Bank, calendar.