| 1 | Argentina | 38.00%since 2025-01-31 | โ | โ | โ | 80.3%2025 | budget balance โ0.4%2025 |
| 2 | Turkey | 37.00%since 2026-01-23 | โ | โ | 5-year annualised CPI +46.6%2025 | 23.5%2025 | budget balance โ2.8%2025 |
| 3 | Russia | 14.00%since 2026-07-27 | 7.62%2018-06 ยท stale | โ | 5-year annualised CPI +8.7%2025 | 17.2%2025 | budget balance โ3.9%2025 |
| 4 | Brazil | 13.75%since 2026-09-17 | โ | โ | 5-year annualised CPI +6.3%2025 | 93.3%2025 | budget balance โ8.1%2025 |
| 5 | Colombia | 12.25%since 2026-10-01 | โ | โ | 5-year annualised CPI +7.4%2025 | 59.9%2025 | budget balance โ5.7%2025 |
| 6 | Iceland | 8.00%since 2026-08-19 | 1.00%2022-08 ยท stale | โ | 5-year annualised CPI +6.3%2025 | 56.1%2025 | budget balance โ2.8%2025 |
| 7 | South Africa | 7.25%since 2026-09-25 | 8.95%2026-09 | term spread +1.70 pts | 5-year annualised CPI +5.0%2025 | 78.6%2025 | budget balance โ5.8%2025 |
| 8 | Mexico | 6.50%since 2026-05-08 | 9.35%2026-09 | term spread +2.85 pts | 5-year annualised CPI +5.5%2025 | 61.8%2025 | budget balance โ4.9%2025 |
| 9 | Romania | 6.50%since 2024-08-08 | โ | โ | 5-year annualised CPI +8.4%2025 | 60.6%2025 | budget balance โ7.6%2025 |
| 10 | Indonesia | 5.75%since 2026-06-18 | โ | โ | 5-year annualised CPI +2.7%2025 | 41.0%2025 | budget balance โ2.9%2025 |
| 11 | Serbia | 5.75%since 2024-09-12 | โ | โ | 5-year annualised CPI +7.3%2025 | 42.4%2025 | budget balance โ2.2%2025 |
| 12 | Hungary | 5.50%since 2026-08-26 | 5.46%2026-08 | term spread โ0.04 pts | 5-year annualised CPI +8.8%2025 | 75.2%2025 | budget balance โ4.7%2025 |
| 13 | India | 5.25%since 2025-12-05 | โ | โ | 5-year annualised CPI +5.0%2025 | 84.1%2025 | budget balance โ7.4%2025 |
| 14 | Philippines | 5.00%since 2026-08-28 | โ | โ | 5-year annualised CPI +4.1%2025 | 59.4%2025 | budget balance โ4.0%2025 |
| 15 | Chile | 4.50%since 2025-12-17 | 6.01%2026-09 | term spread +1.51 pts | 5-year annualised CPI +6.4%2025 | 41.8%2025 | budget balance โ2.8%2025 |
| 16 | Norway | 4.50%since 2026-09-25 | 4.41%2026-09 | term spread โ0.09 pts | 5-year annualised CPI +4.2%2025 | 45.0%2025 | budget balance +9.3%2025 |
| 17 | Saudi Arabia | 4.50%since 2026-09-16 | โ | โ | 5-year annualised CPI +2.3%2025 | 31.7%2025 | budget balance โ5.8%2025 |
| 18 | Australia | 4.35%since 2026-05-06 | 5.28%2026-09 | term spread +0.93 pts | 5-year annualised CPI +4.2%2025 | 51.0%2025 | budget balance โ2.8%2025 |
| 19 | Hong Kong | 4.25%since 2026-09-17 | โ | โ | 5-year annualised CPI +1.7%2025 | 11.9%2025 | budget balance โ4.8%2025 |
| 20 | North Macedonia | 4.25%since 2026-06-17 | โ | โ | 5-year annualised CPI +6.8%2025 | 52.5%2025 | budget balance โ4.0%2025 |
| 21 | Peru | 4.25%since 2025-09-12 | โ | โ | 5-year annualised CPI +4.5%2025 | 30.2%2025 | budget balance โ2.4%2025 |
| 22 | United States | 3.88%since 2026-09-17 | 5.15%2026-10 | term spread +1.28 pts | 5-year annualised CPI +4.2%2024 | 123.9%2025 | budget balance โ6.8%2025 |
| 23 | Czech Republic | 3.75%since 2026-06-19 | 4.91%2026-08 | term spread +1.16 pts | 5-year annualised CPI +6.8%2025 | 44.6%2025 | budget balance โ2.0%2025 |
| 24 | United Kingdom | 3.75%since 2025-12-18 | 5.24%2026-09 | term spread +1.49 pts | 5-year annualised CPI +4.9%2025 | 102.3%2025 | budget balance โ5.4%2025 |
| 25 | Poland | 3.75%since 2026-03-05 | 6.23%2026-09 | term spread +2.48 pts | 5-year annualised CPI +7.6%2025 | 58.8%2025 | budget balance โ7.0%2025 |
| 26 | Kuwait | 3.50%since 2025-12-11 | โ | โ | 5-year annualised CPI +3.3%2025 | 14.6%2025 | budget balance +28.4%2025 |
| 27 | Israel | 3.25%since 2026-09-03 | 4.08%2026-09 | term spread +0.83 pts | 5-year annualised CPI +3.2%2025 | 68.5%2025 | budget balance โ5.2%2025 |
| 28 | China | 3.00%since 2025-05-20 | โ | โ | 5-year annualised CPI +0.7%2025 | 99.2%2025 | budget balance โ7.9%2025 |
| 29 | South Korea | 3.00%since 2026-08-27 | 4.45%2026-09 | term spread +1.45 pts | 5-year annualised CPI +3.1%2025 | 52.3%2025 | budget balance โ1.4%2025 |
| 30 | Malaysia | 2.75%since 2025-07-09 | โ | โ | 5-year annualised CPI +2.3%2025 | 70.7%2025 | budget balance โ3.5%2025 |
| 31 | New Zealand | 2.75%since 2026-09-02 | 4.94%2026-09 | term spread +2.19 pts | 5-year annualised CPI +4.5%2025 | 54.7%2025 | budget balance โ3.9%2025 |
| 32 | Austria | 2.50%ECBsince 2026-09-16 | 3.41%2026-08 | term spread +1.16 pts | 5-year annualised CPI +5.1%2025 | 80.5%2025 | budget balance โ4.5%2025 |
| 33 | Belgium | 2.50%ECBsince 2026-09-16 | 3.76%2026-08 | term spread +1.51 pts | 5-year annualised CPI +4.3%2025 | 106.3%2025 | budget balance โ5.3%2025 |
| 34 | Bulgaria | 2.50%ECBsince 2026-09-16 | โ | โ | 5-year annualised CPI +6.9%2025 | 27.1%2025 | budget balance โ3.0%2025 |
| 35 | Cyprus | 2.50%ECBsince 2026-09-16 | โ | โ | 5-year annualised CPI +3.2%2025 | 55.3%2025 | budget balance +3.0%2025 |
| 36 | Germany | 2.50%ECBsince 2026-09-16 | 3.47%2026-09 | term spread +0.97 pts | 5-year annualised CPI +4.0%2025 | 62.9%2025 | budget balance โ2.7%2025 |
| 37 | Estonia | 2.50%ECBsince 2026-09-16 | โ | โ | 5-year annualised CPI +8.2%2025 | 24.2%2025 | budget balance โ1.3%2025 |
| 38 | Spain | 2.50%ECBsince 2026-09-16 | 3.92%2026-09 | term spread +1.42 pts | 5-year annualised CPI +4.1%2025 | 100.4%2025 | budget balance โ2.5%2025 |
| 39 | Finland | 2.50%ECBsince 2026-09-16 | 3.80%2026-09 | term spread +1.30 pts | 5-year annualised CPI +3.5%2025 | 89.3%2025 | budget balance โ3.9%2025 |
| 40 | France | 2.50%ECBsince 2026-09-16 | 4.48%2026-09 | term spread +1.98 pts | 5-year annualised CPI +2.9%2025 | 116.0%2025 | budget balance โ5.1%2025 |
| 41 | Greece | 2.50%ECBsince 2026-09-16 | 4.23%2026-09 | term spread +1.73 pts | 5-year annualised CPI +3.9%2025 | 145.7%2025 | budget balance +1.3%2025 |
| 42 | Croatia | 2.50%ECBsince 2026-09-16 | โ | โ | 5-year annualised CPI +5.5%2025 | 55.9%2025 | budget balance โ2.9%2025 |
| 43 | Ireland | 2.50%ECBsince 2026-09-16 | 3.35%2026-08 | term spread +1.10 pts | 5-year annualised CPI +4.1%2025 | 32.9%2025 | budget balance +1.5%2025 |
| 44 | Italy | 2.50%ECBsince 2026-09-16 | 3.99%2026-08 | term spread +1.74 pts | 5-year annualised CPI +3.6%2025 | 137.1%2025 | budget balance โ3.1%2025 |
| 45 | Lithuania | 2.50%ECBsince 2026-09-16 | โ | โ | 5-year annualised CPI +7.4%2025 | 39.8%2025 | budget balance โ2.2%2025 |
| 46 | Luxembourg | 2.50%ECBsince 2026-09-16 | 3.40%2026-08 | term spread +1.15 pts | 5-year annualised CPI +3.4%2025 | 27.0%2025 | budget balance โ1.0%2025 |
| 47 | Latvia | 2.50%ECBsince 2026-09-16 | โ | โ | 5-year annualised CPI +6.8%2025 | 46.9%2025 | budget balance โ4.0%2025 |
| 48 | Malta | 2.50%ECBsince 2026-09-16 | โ | โ | 5-year annualised CPI +3.3%2025 | 46.8%2025 | budget balance โ3.1%2025 |
| 49 | Netherlands | 2.50%ECBsince 2026-09-16 | 3.29%2026-08 | term spread +1.04 pts | 5-year annualised CPI +4.6%2025 | 43.3%2025 | budget balance โ1.8%2025 |
| 50 | Portugal | 2.50%ECBsince 2026-09-16 | 3.85%2026-09 | term spread +1.35 pts | 5-year annualised CPI +3.6%2025 | 89.9%2025 | budget balance +0.3%2025 |
| 51 | Slovenia | 2.50%ECBsince 2026-09-16 | 3.54%2026-08 | term spread +1.29 pts | 5-year annualised CPI +4.5%2025 | 65.9%2025 | budget balance โ2.4%2025 |
| 52 | Slovakia | 2.50%ECBsince 2026-09-16 | 3.85%2026-08 | term spread +1.60 pts | 5-year annualised CPI +6.6%2025 | 61.6%2025 | budget balance โ5.0%2025 |
| 53 | Canada | 2.25%since 2025-10-30 | 3.88%2026-09 | term spread +1.63 pts | 5-year annualised CPI +3.7%2025 | 113.5%2025 | budget balance โ1.8%2025 |
| 54 | Morocco | 2.25%since 2025-03-20 | โ | โ | 5-year annualised CPI +3.1%2025 | 67.1%2025 | budget balance โ3.5%2025 |
| 55 | Denmark | 2.10%since 2026-09-11 | 3.01%2026-08 | term spread +1.16 pts | 5-year annualised CPI +3.2%2025 | 27.5%2025 | budget balance +2.9%2025 |
| 56 | Sweden | 1.75%since 2025-10-01 | 3.19%2026-09 | term spread +1.44 pts | 5-year annualised CPI +4.5%2025 | 34.9%2025 | budget balance โ1.4%2025 |
| 57 | Japan | 1.25%since 2026-09-24 | 3.05%2026-09 | term spread +1.80 pts | 5-year annualised CPI +2.3%2025 | 206.5%2025 | budget balance โ1.1%2025 |
| 58 | Thailand | 1.00%since 2026-02-25 | โ | โ | 5-year annualised CPI +1.7%2025 | 64.7%2025 | budget balance โ1.9%2025 |
| 59 | Switzerland | 0.00%since 2025-06-20 | 0.59%2026-09 | term spread +0.59 pts | 5-year annualised CPI +1.4%2025 | 39.4%2025 | budget balance +0.5%2025 |