Historical dataset of the daily level of the federal funds rate back to 1954. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis. The Federal Open Market Committee (FOMC) meets eight times a year to determine the federal funds target rate.

The U.S. federal funds rate peaked in 2023 at its highest level since the 2007-08 financial crisis, reaching 5.33 percent by December 2023. A significant shift in monetary policy occurred in the second half of 2024, with the Federal Reserve implementing regular rate cuts. By December 2024, the rate had declined to 4.48 percent. What is a central bank rate? The federal funds rate determines the cost of overnight borrowing between banks, allowing them to maintain necessary cash reserves and ensure financial system liquidity. When this rate rises, banks become more inclined to hold rather than lend money, reducing the money supply. While this decreased lending slows economic activity, it helps control inflation by limiting the circulation of money in the economy. Historic perspective The federal funds rate historically follows cyclical patterns, falling during recessions and gradually rising during economic recoveries. Some central banks, notably the European Central Bank, went beyond traditional monetary policy by implementing both aggressive asset purchases and negative interest rates.

The benchmark interest rate in the United States was last recorded at 4.50 percent. This dataset provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statutory interest rate applied in Spain remained unchanged at 3.25 percent in 2024. That rate had stood at three percent throughout the whole period from 2016 to 2022. The rate peaked in 2001 and 2008, when it reached 5.5 percent.

Deposit Interest Rate in West Bank and Gaza decreased to 2.24 percent in 2021 from 2.43 percent in 2020. This dataset includes a chart with historical data for Deposit Interest Rate in West Bank and Gaza.

In 2017, the money market interest rate in Tunisia corresponded to 4.86 percent. This represented a slight increase compared to the previous year. In the period examined, the rate of interest of the money market in the country peaked at 5.94 percent in 2001.

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The U.S. federal funds effective rate underwent a dramatic reduction in early 2020 in response to the COVID-19 pandemic. The rate plummeted from 1.58 percent in February 2020 to 0.65 percent in March, and further decreased to 0.05 percent in April. This sharp reduction, accompanied by the Federal Reserve's quantitative easing program, was implemented to stabilize the economy during the global health crisis. After maintaining historically low rates for nearly two years, the Federal Reserve began a series of rate hikes in early 2022, with the rate moving from 0.33 percent in April 2022 to 5.33 percent in August 2023. The rate remained unchanged for over a year, before the Federal Reserve initiated its first rate cut in nearly three years in September 2024, bringing the rate to 5.13 percent. By December 2024, the rate was cut to 4.48 percent, signaling a shift in monetary policy in the second half of 2024. The first rate cut in 2025 then set the rate at 4.33 percent. What is the federal funds effective rate? The U.S. federal funds effective rate determines the interest rate paid by depository institutions, such as banks and credit unions, that lend reserve balances to other depository institutions overnight. Changing the effective rate in times of crisis is a common way to stimulate the economy, as it has a significant impact on the whole economy, such as economic growth, employment, and inflation. Central bank policy rates The adjustment of interest rates in response to the COVID-19 pandemic was a coordinated global effort. In early 2020, central banks worldwide implemented aggressive monetary easing policies to combat the economic crisis. The U.S. Federal Reserve's dramatic reduction of its federal funds rate - from 1.58 percent in February 2020 to 0.05 percent by April - mirrored similar actions taken by central banks globally. While these low rates remained in place throughout 2021, mounting inflationary pressures led to a synchronized tightening cycle beginning in 2022, with central banks pushing rates to multi-year highs. By mid-2024, as inflation moderated across major economies, central banks began implementing their first rate cuts in several years, with the U.S. Federal Reserve, Bank of England, and European Central Bank all easing monetary policy.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 1-Month Constant Maturity, Quoted on an Investment Basis (DGS1MO) from 2001-07-31 to 2025-03-25 about 1-month, bills, maturity, Treasury, interest rate, interest, rate, and USA.

The benchmark interest rate in Albania was last recorded at 2.75 percent. This dataset provides the latest reported value for - Albania Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Guinea: Interest rates on bank credit to the private sector: The latest value from 2001 is 12.88 percent, a decline from 19.38 percent in 2000. In comparison, the world average is 18.03 percent, based on data from 114 countries. Historically, the average for Guinea from 1986 to 2001 is 19.7 percent. The minimum value, 12.88 percent, was reached in 2001 while the maximum of 27 percent was recorded in 1992.

Graph and download economic data for 30-Day AA Asset-Backed Commercial Paper Interest Rate (RIFSPPAAAD30NB) from 2001-01-02 to 2025-03-25 about asset-backed, AA, 1-month, commercial paper, commercial, interest rate, interest, rate, and USA.

Nepal NP: Lending Interest Rate data was reported at 8.000 % pa in 2010. This stayed constant from the previous number of 8.000 % pa for 2009. Nepal NP: Lending Interest Rate data is updated yearly, averaging 14.000 % pa from Dec 1975 (Median) to 2010, with 29 observations. The data reached an all-time high of 17.000 % pa in 1985 and a record low of 7.667 % pa in 2001. Nepal NP: Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nepal – Table NP.World Bank.WDI: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Real interest rates describe the growth in the real value of the interest on a loan or deposit, adjusted for inflation. Nominal interest rates on the other hand show us the raw interest rate, which is unadjusted for inflation. If the inflation rate in a certain country were zero percent, the real and nominal interest rates would be the same number. As inflation reduces the real value of a loan, however, a positive inflation rate will mean that the nominal interest rate is more likely to be greater than the real interest rate. We can see this in the recent inflationary episode which has taken place in the wake of the Coronavirus pandemic, with nominal interest rates rising over the course of 2022, but still lagging far behind the rate of inflation, meaning these rate rises register as smaller increases in the real interest rate.

Key information about Czech Republic Long Term Interest Rate

• Czech Republic Long Term Interest Rate: Month Avg: Czech Republic: ECB Harmonised was reported at 4.20 % pa in Jan 2025, compared with 4.13 % pa in the previous month.
• Czech Republic Long Term Interest Rate data is updated monthly, available from Jan 2001 to Jan 2025.
• The data reached an all-time high of 6.85 % pa in Jul 2001 and a record low of 0.25 % pa in Sep 2016.
• Long Term Interest Rate is reported by reported by CEIC Data.

• In the latest reports, Czech Republic Short Term Interest Rate: Month End: PRIBOR: 3 Months was reported at 3.83 % pa in Jan 2025.
• The cash rate (Policy Rate: Month End: Discount Rate) was set at 3.00 % pa in Jan 2025.
• Czech Republic Exchange Rate against USD averaged 21.86 (USD/CZK) in Jun 2023.

Key information about Moldova Long Term Interest Rate

• Moldova Long Term Interest Rate: Month End: Moldova: Basic Rate: Over 5 Years was reported at 6.50 % pa in Jul 2021, compared with 6.50 % pa in the previous month.
• Moldova Long Term Interest Rate data is updated monthly, available from Feb 2001 to Jul 2021.
• The data reached an all-time high of 15.00 % pa in Feb 2001 and a record low of 4.00 % pa in Dec 2014.
• Long Term Interest Rate is reported by reported by National Bank of Moldova.

• In the latest reports, Moldova Short Term Interest Rate: Month End: CHIBOR: 3 Months was reported at 11.06 % pa in Jun 2023.
• The cash rate (Policy Rate: Month End: Basic Rate: Short Term) was set at 6.00 % pa in Jun 2023.
• Moldova Exchange Rate against USD averaged 17.93 (USD/MDL) in Jun 2023.

Key information about Argentina Short Term Interest Rate

• Argentina Short Term Interest Rate: Month End: Argentina: Up to 15 Days Interbank Call Rate (BAIBAR) was reported at 31.80 % pa in Jul 2021, compared with 30.84 % pa in the previous month.
• Argentina Short Term Interest Rate data is updated monthly, available from Jan 1999 to Jul 2021.
• The data reached an all-time high of 663.09 % pa in Nov 2001 and a record low of 1.23 % pa in Apr 2004.
• Short Term Interest Rate is reported by reported by Central Bank of Argentina.
• The cash rate (Interest Rate: Financial Institution Deposit: 30 Days) was set at 90.83 % in May 2023.
• Argentina Exchange Rate against USD averaged 235.87 (USD/ARS) in May 2023.

Mozambique MZ: Real Interest Rate data was reported at 16.474 % pa in 2017. This records an increase from the previous number of 7.942 % pa for 2016. Mozambique MZ: Real Interest Rate data is updated yearly, averaging 11.413 % pa from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 18.847 % pa in 2003 and a record low of 7.075 % pa in 2001. Mozambique MZ: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mozambique – Table MZ.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.; ;

Key information about Poland Long Term Interest Rate

• Poland Long Term Interest Rate: Month Avg: Poland: ECB Harmonised was reported at 5.83 % pa in Feb 2025, compared with 5.94 % pa in the previous month.
• Poland Long Term Interest Rate data is updated monthly, available from Jan 2001 to Feb 2025.
• The data reached an all-time high of 11.86 % pa in Aug 2001 and a record low of 1.19 % pa in Jan 2021.
• Long Term Interest Rate is reported by reported by CEIC Data.

• In the latest reports, Poland Short Term Interest Rate: Month End: ACI Polska: WIBOR: 3 Months was reported at 5.86 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Reference Rate: Open Market Operations: 7 Days) was set at 5.75 % pa in Feb 2025.
• Poland Exchange Rate against USD averaged 4.12 (USD/PLN) in Jun 2023.

Der Leitzins in Papua-Neuguinea wurde zuletzt mit 4 Prozent verzeichnet. Diese Werte, historische Daten, Prognosen, Statistiken, Diagramme und ökonomische Kalender - Papua-Neuguinea - Zinssatz.