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 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.

The benchmark interest rate in Cambodia was last recorded at 0.77 percent. This dataset provides - Cambodia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The annual average interest rate on new residential loans in Italy rose to 4.42 in 2023 - the highest rate recorded since 2009. In contrast, the lowest interest rate was observed in 2020, when it stood at 1.25 percent.

The benchmark interest rate in Costa Rica was last recorded at 4 percent. This dataset provides - Costa Rica Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Turkey (IR3TIB01TRQ156N) from Q3 1991 to Q4 2006 about interbank, Turkey, 3-month, yield, interest rate, interest, and rate.

The benchmark interest rate in Tunisia was last recorded at 7.50 percent. This dataset provides the latest reported value for - Tunisia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Mexico (IRLTLT01MXA156N) from 2002 to 2006 about Mexico, long-term, 10-year, bonds, yield, government, interest rate, interest, and rate.

The annual average interest rate on new residential loans in France continued to rise in 2023, after increasing for the first time in 2022 following a 10-year period of year-on-year decline. In 2023, the average interest rate was 3.03 percent, up from 1.15 percent in 2021, when mortgage rates were at record-low.

Kyrgyzstan KG: Deposit Interest Rate data was reported at 2.753 % pa in 2017. This records an increase from the previous number of 2.421 % pa for 2016. Kyrgyzstan KG: Deposit Interest Rate data is updated yearly, averaging 2.474 % pa from Dec 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 35.370 % pa in 1998 and a record low of 1.879 % pa in 2006. Kyrgyzstan KG: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Kyrgyzstan – Table KG.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Japan Housing Loan: Floating Interest Rate: City Banks data was reported at 2.475 % pa in Oct 2018. This stayed constant from the previous number of 2.475 % pa for Sep 2018. Japan Housing Loan: Floating Interest Rate: City Banks data is updated monthly, averaging 2.475 % pa from Jun 1987 (Median) to Oct 2018, with 377 observations. The data reached an all-time high of 8.500 % pa in Jan 1991 and a record low of 2.375 % pa in Sep 2006. Japan Housing Loan: Floating Interest Rate: City Banks data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.M014: Mortgage Rate.

Mortgage Rate in Sweden decreased to 3.23 percent in January from 3.31 percent in December of 2024. This dataset includes a chart with historical data for Sweden Average Interest Rate on New Agreements for Mortgages to Households.

Syria SY: Deposit Interest Rate data was reported at 6.384 % pa in 2010. This records a decrease from the previous number of 6.711 % pa for 2009. Syria SY: Deposit Interest Rate data is updated yearly, averaging 4.000 % pa from Dec 1982 (Median) to 2010, with 29 observations. The data reached an all-time high of 9.000 % pa in 2006 and a record low of 4.000 % pa in 2002. Syria SY: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Syrian Arab Republic – Table SY.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Key information about Kazakhstan Long Term Interest Rate

• Kazakhstan Avg Effective Yield: Govt Securities: MS: MEUKAM was reported at 11.28 % pa in Feb 2025, compared with 11.20 % pa in the previous month.
• Kazakhstan Long Term Interest Rate data is updated monthly, available from Mar 2006 to Feb 2025.
• The data reached an all-time high of 11.28 % pa in Feb 2025 and a record low of 4.35 % pa in Apr 2006.
• Long Term Interest Rate is reported by reported by National Bank of Kazakhstan.