The real interest rate in Singapore decreased by 12.4 percentage points (-157.36 percent) in 2021 in comparison to the previous year. In 2021, the real interest rate thereby reached its lowest value in recent years. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator.Find more statistics on other topics about Singapore with key insights such as broad money as a percentage of GDP, domestic credit to the private sector as a share of GDP, and deposit interest rate.

August 2024 marked a significant shift in the UK's monetary policy, as it saw the first reduction in the official bank base interest rate since August 2023. This change came after a period of consistent rate hikes that began in late 2021. In a bid to minimize the economic effects of the COVID-19 pandemic, the Bank of England cut the official bank base rate in March 2020 to a record low of 0.1 percent. This historic low came just one week after the Bank of England cut rates from 0.75 percent to 0.25 percent in a bid to prevent mass job cuts in the United Kingdom. It remained at 0.1 percent until December 2021 and was increased to one percent in May 2022 and to 2.25 percent in October 2022. After that, the bank rate increased almost on a monthly basis, reaching 5.25 percent in August 2023. It wasn't until August 2024 that the first rate decrease since the previous year occurred, signaling a potential shift in monetary policy. Why do central banks adjust interest rates? Central banks, including the Bank of England, adjust interest rates to manage economic stability and control inflation. Their strategies involve a delicate balance between two main approaches. When central banks raise interest rates, their goal is to cool down an overheated economy. Higher rates curb excessive spending and borrowing, which helps to prevent runaway inflation. This approach is typically used when the economy is growing too quickly or when inflation is rising above desired levels. Conversely, when central banks lower interest rates, they aim to encourage borrowing and investment. This strategy is employed to stimulate economic growth during periods of slowdown or recession. Lower rates make it cheaper for businesses and individuals to borrow money, which can lead to increased spending and investment. This dual approach allows central banks to maintain a balance between promoting growth and controlling inflation, ensuring long-term economic stability. Additionally, adjusting interest rates can influence currency values, impacting international trade and investment flows, further underscoring their critical role in a nation's economic health. Recent interest rate trends Between 2021 and 2024, most advanced and emerging economies experienced a period of regular interest rate hikes. This trend was driven by several factors, including persistent supply chain disruptions, high energy prices, and robust demand pressures. These elements combined to create significant inflationary trends, prompting central banks to raise rates in an effort to temper spending and borrowing. However, in 2024, a shift began to occur in global monetary policy. The European Central Bank (ECB) was among the first major central banks to reverse this trend by cutting interest rates. This move signaled a change in approach aimed at addressing growing economic slowdowns and supporting growth.

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.

Netherlands NL: Interest Rate Spread data was reported at -1.112 % pa in 2012. This records a decrease from the previous number of -0.607 % pa for 2011. Netherlands NL: Interest Rate Spread data is updated yearly, averaging 0.477 % pa from Dec 1999 (Median) to 2012, with 14 observations. The data reached an all-time high of 1.904 % pa in 2000 and a record low of -1.112 % pa in 2012. Netherlands NL: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Netherlands – Table NL.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest 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.; Median;

The average mortgage interest rate decreased in nearly every country in Europe between 2012 and 2021, followed by an increase in response to inflation. In Hungary, Poland, Czechia, and Romania, mortgage rates peaked in late 2022 and the beginning of 2023, followed by a gradual decline until the first quarter of 2024. The rest of the countries under observation, including the biggest mortgage markets - the UK and Germany, saw a continued increase in interest rates until the fourth quarter of 2023. In the first quarter of 2024, mortgage interest rates declined quarter-on-quarter across almost all markets in focus, marking a long awaited easing of monetary policy.

The benchmark interest rate in Japan was last recorded at 0.50 percent. This dataset provides - Japan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for 15-Year Fixed Rate Mortgage Average in the United States (MORTGAGE15US) from 1991-08-30 to 2025-03-20 about 15-year, fixed, mortgage, interest rate, interest, rate, and USA.

The benchmark interest rate in Australia was last recorded at 4.10 percent. This dataset provides - Australia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Lebanon LB: Deposit Interest Rate data was reported at 6.910 % pa in 2017. This records an increase from the previous number of 5.930 % pa for 2016. Lebanon LB: Deposit Interest Rate data is updated yearly, averaging 11.015 % pa from Dec 1982 (Median) to 2017, with 36 observations. The data reached an all-time high of 21.958 % pa in 1988 and a record low of 5.780 % pa in 2012. Lebanon LB: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Lebanon – Table LB.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.; ;

The real interest rate in Mongolia decreased by 11.4 percentage points (-89.41 percent) compared to the previous year. The real interest rate thereby reached its lowest value in recent years. Over the observed period, the real interest rate has been subject to fluctuation.Real interest rate is the adjusted lending interest rate to remove the effects of inflation, as measured by the GDP deflator (implicit price deflator).Find more statistics on other topics about Mongolia with key insights such as deposit interest rate, domestic credit to the private sector as a share of GDP, and broad money as a percentage of GDP.

Netherlands NL: Deposit Interest Rate data was reported at 2.737 % pa in 2012. This records an increase from the previous number of 2.607 % pa for 2011. Netherlands NL: Deposit Interest Rate data is updated yearly, averaging 2.888 % pa from Dec 1994 (Median) to 2012, with 19 observations. The data reached an all-time high of 4.700 % pa in 1994 and a record low of 2.309 % pa in 2004. Netherlands NL: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Netherlands – Table NL.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.; ;

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for India (INDIR3TIB01STQ) from Q1 2012 to Q4 2024 about interbank, India, 3-month, yield, interest rate, interest, and rate.

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.

Key information about Greece Long Term Interest Rate

• Greece Government Bond Yield: Average: 10 Years was reported at 3.29 % pa in Feb 2025, compared with 3.35 % pa in the previous month.
• Greece Long Term Interest Rate data is updated monthly, available from Jan 1993 to Feb 2025.
• The data reached an all-time high of 29.24 % pa in Feb 2012 and a record low of 0.59 % pa in Aug 2021.
• Long Term Interest Rate is reported by reported by European Central Bank.

• In the latest reports, Greece Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021.
• The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.90 % pa in Feb 2025.
• Greece Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.

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

Belarus BY: Interest Rate Spread data was reported at 5.110 % pa in 2023. This records an increase from the previous number of 4.295 % pa for 2022. Belarus BY: Interest Rate Spread data is updated yearly, averaging 2.660 % pa from Dec 1993 (Median) to 2023, with 31 observations. The data reached an all-time high of 74.183 % pa in 1995 and a record low of -2.808 % pa in 2012. Belarus BY: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Belarus – Table BY.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest 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.;Median;

Tonga TO: Deposit Interest Rate data was reported at 3.015 % pa in 2017. This records a decrease from the previous number of 3.135 % pa for 2016. Tonga TO: Deposit Interest Rate data is updated yearly, averaging 3.018 % pa from Dec 2012 (Median) to 2017, with 6 observations. The data reached an all-time high of 3.135 % pa in 2016 and a record low of 2.823 % pa in 2013. Tonga TO: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tonga – Table TO.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.; ;

A tabular presentation of private sector Canadian interest rate forecast, includes 2012 and 2013 average annual percent interest rate by financial institution, for both 3-month Treasury Bills and 10-year Government Bonds, as of January 05, 2012

The benchmark interest rate in Ireland was last recorded at 4.50 percent. This dataset provides - Ireland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the deposit interest rate in Russia remained nearly unchanged at around 7.57 percent. In comparison to 2022, the deposit interest rate decreased not significantly by 0.03 percentage points (-0.39 percent). Deposit rate refers to the amount of money paid out in interest by a bank of financial institution on cash deposits.Find more statistics on other topics about Russia with key insights such as number of automated teller machines (ATMs), ratio of bank capital and reserves to total assets, and market capitalization of listed domestic companies as a share of GDP.