In June 2024, the European Central Bank (ECB) reduced the interest rate on its marginal lending facility by 0.25 percentage points, marking the first cut since 2016. Three months later, the ECB implemented another cut, setting the rate at 3.9 percent. It was followed by two further cuts at the end of 2024 and in early 2025, the latter one setting the rate at 3.15 percent. The marginal lending rate had previously been adjusted on March 16, 2016, when it was lowered from 0.3 percent to 0.25 percent, remaining unchanged until July 2022, when it was raised to 0.75 percent. After September 2022, the rate saw regular increases, reaching 4.75 percent by April 2024.

China Central Bank Benchmark Interest Rate: Loan to FI: 1 Year data was reported at 3.500 % pa in 26 Mar 2025. This stayed constant from the previous number of 3.500 % pa for 25 Mar 2025. China Central Bank Benchmark Interest Rate: Loan to FI: 1 Year data is updated daily, averaging 3.500 % pa from Jan 1987 (Median) to 26 Mar 2025, with 13965 observations. The data reached an all-time high of 3.850 % pa in 23 Oct 2015 and a record low of 3.500 % pa in 26 Mar 2025. China Central Bank Benchmark Interest Rate: Loan to FI: 1 Year data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under High Frequency Database’s Lending Rates – Table CN.MA: Rediscount and Lending Rate.

Key information about Malta Bank Lending Rate

• Malta Bank Lending Rate was reported at 3.435 % pa in Jan 2025.
• This records a decrease from the previous number of 3.463 % pa for Dec 2024.
• Malta Bank Lending Rate data is updated monthly, averaging 4.670 % pa from Jan 1999 to Jan 2025, with 313 observations.
• The data reached an all-time high of 8.090 % pa in Jan 1999 and a record low of 3.145 % pa in May 2022.
• Malta Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Japan (IRSTCB01JPQ156N) from Q1 1960 to Q4 2023 about overnight, Japan, interest rate, banks, interest, depository institutions, and rate.

In June 2024, the European Central Bank (ECB) began reducing its fixed interest rate for the first time since 2016, implementing a series of cuts. The rate decreased from 4.5 percent to 3.15 percent by year-end: a 0.25 percentage point cut in June, followed by additional reductions in September, October, and December. The central bank implemented another cut in early 2025, setting the rate at 2.9 percent. This marked a significant shift from the previous rate hike cycle, which began in July 2022 when the ECB raised rates to 0.5 percent and subsequently increased them almost monthly, reaching 4.5 percent by December 2023 - the highest level since the 2007-2008 global financial crisis. How does this ensure liquidity? Banks typically hold only a fraction of their capital in cash, measured by metrics like the Tier 1 capital ratio. Since this ratio is low, banks prefer to allocate most of their capital to revenue-generating loans. When their cash reserves fall too low, banks borrow from the ECB to cover short-term liquidity needs. On the other hand, commercial banks can also deposit excess funds with the ECB at a lower interest rate. Reasons for fluctuations
The ECB’s primary mandate is to maintain price stability. The Euro area inflation rate is, in theory, the key indicator guiding the ECB's actions. When the fixed interest rate is lower, commercial banks are more likely to borrow from the ECB, increasing the money supply and, in turn, driving inflation higher. When inflation rises, the ECB increases the fixed interest rate, which slows borrowing and helps to reduce inflation.

As of January 2025, the Bank of Israel's declared interest rate was 4.5 percent. This was following the Bank's decision to reduce its declared rate by one quarter of a point in January 2024. Between April 2022 and December 2023, the country went through a period of rate hikes in an effort to curb inflation. During the observed period, interest rates in Israel peaked at 17 percent in December 1994 and July 1996. Following the global financial crisis between 2008 and 2011, rates were reduced to near-zero levels until March 2022.

Key information about Azerbaijan Bank Lending Rate

• Azerbaijan Bank Lending Rate was reported at 14.831 % pa in Jan 2025.
• This records an increase from the previous number of 14.660 % pa for Dec 2024.
• Azerbaijan Bank Lending Rate data is updated monthly, averaging 14.380 % pa from Dec 2002 to Jan 2025, with 266 observations.
• The data reached an all-time high of 18.746 % pa in Jan 2009 and a record low of 12.048 % pa in Dec 2016.
• Azerbaijan Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

Bank Lending Rate in Liberia remained unchanged at 12.44 percent in December. This dataset provides - Liberia Bank Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Central Bank Benchmark Interest Rate: Loan to FI: 6 Month or Less data was reported at 3.400 % pa in 22 Mar 2025. This stayed constant from the previous number of 3.400 % pa for 21 Mar 2025. China Central Bank Benchmark Interest Rate: Loan to FI: 6 Month or Less data is updated daily, averaging 3.400 % pa from Apr 1991 (Median) to 22 Mar 2025, with 12390 observations. The data reached an all-time high of 3.750 % pa in 23 Oct 2015 and a record low of 3.400 % pa in 22 Mar 2025. China Central Bank Benchmark Interest Rate: Loan to FI: 6 Month or Less data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under High Frequency Database’s Lending Rates – Table CN.MA: Rediscount and Lending Rate.

Key information about Qatar Bank Lending Rate

• Qatar Bank Lending Rate was reported at 5.035 % pa in Jan 2025.
• This records a decrease from the previous number of 5.791 % pa for Dec 2024.
• Qatar Bank Lending Rate data is updated monthly, averaging 5.279 % pa from Jul 2004 to Jan 2025, with 247 observations.
• The data reached an all-time high of 7.900 % pa in Jan 2008 and a record low of 3.676 % pa in Oct 2015.
• Qatar Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

Key information about Kuwait Bank Lending Rate

• Kuwait Bank Lending Rate was reported at 5.052 % pa in Jan 2025.
• This records a decrease from the previous number of 5.058 % pa for Dec 2024.
• Kuwait Bank Lending Rate data is updated monthly, averaging 7.238 % pa from Apr 1979 to Jan 2025, with 543 observations.
• The data reached an all-time high of 9.720 % pa in Aug 1982 and a record low of 3.551 % pa in Feb 2022.
• Kuwait Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

Policy interest rates in the U.S. and Europe are forecasted to decrease gradually between 2024 and 2027, following exceptional increases triggered by soaring inflation between 2021 and 2023. The U.S. federal funds rate stood at 5.38 percent at the end of 2023, the European Central Bank deposit rate at four percent, and the Swiss National Bank policy rate at 1.75 percent. With inflationary pressures stabilizing, policy interest rates are forecast to decrease in each observed region. The U.S. federal funds rate is expected to decrease to 3.5 percent, the ECB refi rate to 2.65 percent, the Bank of England bank rate to 3.33 percent, and the Swiss National Bank policy rate to 0.75 percent by 2025. An interesting aspect to note is the impact of these interest rate changes on various economic factors such as growth, employment, and inflation. The impact of central bank policy rates The U.S. federal funds effective rate, crucial in determining the interest rate paid by depository institutions, experienced drastic changes in response to the COVID-19 pandemic. The subsequent slight changes in the effective rate reflected the efforts to stimulate the economy and manage economic factors such as inflation. Such fluctuations in the federal funds rate have had a significant impact on the overall economy. The European Central Bank's decision to cut its fixed interest rate in June 2024 for the first time since 2016 marked a significant shift in attitude towards economic conditions. The reasons behind the fluctuations in the ECB's interest rate reflect its mandate to ensure price stability and manage inflation, shedding light on the complex interplay between interest rates and economic factors. Inflation and real interest rates The relationship between inflation and interest rates is critical in understanding the actions of central banks. Central banks' efforts to manage inflation through interest rate adjustments reveal the intricate balance between economic growth and inflation. Additionally, the concept of real interest rates, adjusted for inflation, provides valuable insights into the impact of inflation on the economy.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Denmark (IRSTCB01DKQ156N) from Q1 1960 to Q4 2023 about Denmark, overnight, interest rate, banks, interest, depository institutions, and rate.

Bank Lending Rate in Netherlands decreased to 3.38 percent in January from 3.47 percent in December of 2024. This dataset provides - Netherlands Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Bank Lending Rate in Thailand remained unchanged at 6.75 percent in February. This dataset provides - Thailand Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Sri Lanka Bank Lending Rate

• Sri Lanka Bank Lending Rate was reported at 8.360 % pa in Feb 2025.
• This records a decrease from the previous number of 8.560 % pa for Jan 2025.
• Sri Lanka Bank Lending Rate data is updated monthly, averaging 13.580 % pa from Jun 1989 to Feb 2025, with 429 observations.
• The data reached an all-time high of 29.670 % pa in Nov 2022 and a record low of 5.650 % pa in May 2021.
• Sri Lanka Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

The benchmark interest rate in China was last recorded at 3.10 percent. This dataset provides the latest reported value for - China Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Brazil was last recorded at 14.25 percent. This dataset provides - Brazil Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Thailand Bank Lending Rate

• Thailand Bank Lending Rate was reported at 7.030 % pa in Feb 2025.
• This stayed constant from the previous number of 7.030 % pa for Jan 2025.
• Thailand Bank Lending Rate data is updated monthly, averaging 7.375 % pa from Jan 1983 to Feb 2025, with 506 observations.
• The data reached an all-time high of 17.000 % pa in Oct 1984 and a record low of 5.415 % pa in Aug 2022.
• Thailand Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

The benchmark interest rate in Mexico was last recorded at 9.50 percent. This dataset provides - Mexico Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.