The benchmark interest rate in the United States was last recorded at 4.25 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 benchmark interest rate in Sweden was last recorded at 1.75 percent. This dataset provides the latest reported value for - Sweden Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Austria BMF Forecast: Interest Rate: Short Term: Annual Average data was reported at 2.400 % in 2027. This records a decrease from the previous number of 2.600 % for 2026. Austria BMF Forecast: Interest Rate: Short Term: Annual Average data is updated yearly, averaging -0.300 % from Dec 2016 (Median) to 2027, with 12 observations. The data reached an all-time high of 3.800 % in 2024 and a record low of -0.500 % in 2021. Austria BMF Forecast: Interest Rate: Short Term: Annual Average data remains active status in CEIC and is reported by Federal Ministry of Finance. The data is categorized under Global Database’s Austria – Table AT.M002: Key Interest Rates: Forecast.

Interest Rate Futures Market Outlook

According to our latest research, the global Interest Rate Futures market size reached USD 5.8 trillion in 2024, reflecting a robust and sustained appetite for risk management and speculative opportunities in global financial markets. The market is projected to grow at a CAGR of 7.2% from 2025 to 2033, reaching an estimated USD 10.8 trillion by 2033. This growth is primarily driven by increasing volatility in global interest rates, a rising demand for effective hedging instruments, and expanding participation from institutional investors, banks, and hedge funds. As per our latest research, the market is witnessing a structural transformation fueled by technological advancements, regulatory reforms, and the globalization of financial markets, making interest rate futures an indispensable tool for risk management and investment strategies worldwide.

One of the most significant growth factors for the Interest Rate Futures market is the heightened volatility and unpredictability of global interest rates. Central banks across major economies have been actively adjusting their monetary policies in response to inflationary pressures, economic recovery post-pandemic, and geopolitical uncertainties. These frequent changes in interest rates have created an urgent need for market participants to manage their exposure to interest rate risks. As a result, both institutional and retail investors are increasingly turning to interest rate futures as a cost-effective and efficient means to hedge against adverse movements in interest rates. The ability of these instruments to offer standardized contracts, deep liquidity, and transparent pricing further enhances their appeal, driving greater adoption across diverse market segments.

Technological innovation is another critical driver propelling the expansion of the Interest Rate Futures market. The proliferation of advanced trading platforms, algorithmic trading, and real-time data analytics has significantly improved market accessibility and operational efficiency. Exchange-traded and over-the-counter platforms are now equipped with sophisticated risk management tools, automated execution capabilities, and enhanced security features that cater to the evolving needs of institutional investors, banks, and hedge funds. These technological advancements have lowered entry barriers, increased trading volumes, and fostered greater market participation from a broader spectrum of end-users. Additionally, the integration of artificial intelligence and machine learning in trading strategies is enabling market participants to identify and capitalize on arbitrage opportunities with unprecedented speed and accuracy.

Regulatory reforms and the globalization of financial markets are also playing an instrumental role in shaping the growth trajectory of the Interest Rate Futures market. Regulatory bodies across North America, Europe, and Asia Pacific are emphasizing greater transparency, risk mitigation, and investor protection in derivatives trading. The implementation of stringent margin requirements, centralized clearing, and reporting standards has enhanced market integrity and reduced systemic risks. Furthermore, the liberalization of capital markets in emerging economies and cross-border collaboration among exchanges are facilitating the seamless flow of capital and expanding the reach of interest rate futures to new geographies. These regulatory and structural developments are creating a more resilient and inclusive market ecosystem, supporting sustained growth over the forecast period.

From a regional perspective, North America continues to dominate the Interest Rate Futures market, accounting for the largest share in both trading volumes and open interest. This dominance is attributed to the presence of well-established exchanges, a mature financial infrastructure, and a diverse base of institutional investors. Europe and Asia Pacific are also witnessing robust growth, driven by regulatory harmonization, the introduction of new contract types, and the increasing participation of global investors. Latin America and the Middle East & Africa are emerging as promising markets, supported by ongoing financial sector reforms and the gradual adoption of derivatives trading. The regional outlook remains positive, with each region contributing uniquely to the overall expansion of the market.

Contract Type Analysis

The Contract Type segment of the Intere

Japan Key Interest Rate: Central Banks data was reported at 1.250 % in 2026. This records an increase from the previous number of 0.750 % for 2025. Japan Key Interest Rate: Central Banks data is updated yearly, averaging 0.100 % from Dec 1988 (Median) to 2026, with 39 observations. The data reached an all-time high of 5.625 % in 1990 and a record low of -0.100 % in 2023. Japan Key Interest Rate: Central Banks data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.EO: Interest Rate: Forecast: OECD Member: Annual.

The 'Interest Rate Projection - Current' in the USA refers to the Federal Reserve's forecast of future interest rates, typically presented in the form of the 'dot plot' during FOMC meetings.

From 2003 to 2025, the central banks of the United States, United Kingdom, and European Union exhibited remarkably similar interest rate patterns, reflecting shared global economic conditions. In the early 2000s, rates were initially low to stimulate growth, then increased as economies showed signs of overheating prior to 2008. The financial crisis that year prompted sharp rate cuts to near-zero levels, which persisted for an extended period to support economic recovery. The COVID-19 pandemic in 2020 led to further rate reductions to historic lows, aiming to mitigate economic fallout. However, surging inflation in 2022 triggered a dramatic policy shift, with the Federal Reserve, Bank of England, and European Central Bank significantly raising rates to curb price pressures. As inflation stabilized in late 2023 and early 2024, the ECB and Bank of England initiated rate cuts by mid-2024, and the Federal Reserve also implemented its first cut in three years, with forecasts suggesting a gradual decrease in all major interest rates between 2025 and 2026. Divergent approaches within the European Union While the ECB sets a benchmark rate for the Eurozone, individual EU countries have adopted diverse strategies to address their unique economic circumstances. For instance, Hungary set the highest rate in the EU at 13 percent in September 2023, gradually reducing it to 6.5 percent by October 2024. In contrast, Sweden implemented more aggressive cuts, lowering its rate to two percent by June 2025, the lowest among EU members. These variations highlight the complex economic landscape that European central banks must navigate, balancing inflation control with economic growth support. Global context and future outlook The interest rate changes in major economies have had far-reaching effects on global financial markets. Government bond yields, for example, reflect these policy shifts and investor sentiment. As of December 2024, the United States had the highest 10-year government bond yield among developed economies at 4.59 percent, while Switzerland had the lowest at 0.27 percent. These rates serve as important benchmarks for borrowing costs and economic expectations worldwide.

United States Open Interest: CBOT: Financial Futures: Interest Rate Swap: 10 Years data was reported at 0.000 Contract in May 2018. This stayed constant from the previous number of 0.000 Contract for Apr 2018. United States Open Interest: CBOT: Financial Futures: Interest Rate Swap: 10 Years data is updated monthly, averaging 13,704.000 Contract from Oct 2001 (Median) to May 2018, with 200 observations. The data reached an all-time high of 66,730.000 Contract in Aug 2007 and a record low of 0.000 Contract in May 2018. United States Open Interest: CBOT: Financial Futures: Interest Rate Swap: 10 Years data remains active status in CEIC and is reported by CME Group. The data is categorized under Global Database’s United States – Table US.Z022: CBOT: Futures: Open Interest.

Key Interest Rate: Central Banks data was reported at 6.000 % in Dec 2026. This records a decrease from the previous number of 6.250 % for Sep 2026. Key Interest Rate: Central Banks data is updated quarterly, averaging 5.750 % from Jun 2008 (Median) to Dec 2026, with 75 observations. The data reached an all-time high of 11.250 % in Dec 2023 and a record low of 3.000 % in Sep 2015. Key Interest Rate: Central Banks data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Mexico – Table MX.OECD.EO: Interest Rate: Forecast: OECD Member: Quarterly.

JP: Short-Term Interest Rate data was reported at 1.321 % in 2026. This records an increase from the previous number of 0.821 % for 2025. JP: Short-Term Interest Rate data is updated yearly, averaging 0.836 % from Dec 1969 (Median) to 2026, with 58 observations. The data reached an all-time high of 14.512 % in 1974 and a record low of 0.060 % in 2017. JP: Short-Term Interest Rate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.EO: Interest Rate: Forecast: OECD Member: Annual. IRS - Short-term interest rate; Japan interbank 3 mth (LDN:BBA) - offered rate. Available from 1986 onwards.

The 10-year treasury constant maturity rate in the U.S. is forecast to increase by *** percentage points by 2027, while the 30-year fixed mortgage rate is expected to fall by *** percentage points. From *** percent in 2024, the average 30-year mortgage rate is projected to reach *** percent in 2027.

Key Interest Rate: Central Banks data was reported at 23.750 % in 2026. This records a decrease from the previous number of 42.500 % for 2025. Key Interest Rate: Central Banks data is updated yearly, averaging 15.813 % from Dec 2002 (Median) to 2026, with 25 observations. The data reached an all-time high of 50.000 % in 2024 and a record low of 4.750 % in 2013. Key Interest Rate: Central Banks data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Turkey – Table TR.OECD.EO: Interest Rate: Forecast: OECD Member: Annual.

Graph and download economic data for 10-Year Real Interest Rate (REAINTRATREARAT10Y) from Jan 1982 to Sep 2025 about 10-year, interest rate, interest, real, rate, and USA.

Forecast: Bank Lending Interest Rate in Australia 2024 - 2028 Discover more data with ReportLinker!

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.

Norway NO: Short-Term Interest Rate: Single Hit Scenario data was reported at 0.343 % in 2021. This records a decrease from the previous number of 0.672 % for 2020. Norway NO: Short-Term Interest Rate: Single Hit Scenario data is updated yearly, averaging 6.827 % from Dec 1970 (Median) to 2021, with 52 observations. The data reached an all-time high of 15.367 % in 1982 and a record low of 0.343 % in 2021. Norway NO: Short-Term Interest Rate: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Norway – Table NO.OECD.EO: Interest Rate: Forecast: OECD Member: Annual. IRS - Short-term interest rate Short-term interest:https://stats.oecd.org/glossary/detail.asp?ID=1394; 3-month NIBOR rate (euro-kroner interest rates based on monthly averages of quoted daily selling rates for five big banks)

Based on an "illustrative scenario" in which the United Kingdom (UK) moves to a comprehensive free trade agreement with the European Union (EU) on the 1st of January 2021, this forecast shows the expected annual average bank base interest rate in response to the current Covid-19 pandemic. In a bid to minimize the economic effects of the Covid-19 virus, on the 19th of March 2020 the Bank of England cut the official bank base rate 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. In the current forecast scenario, bank interest rates are set to stay between 0.1 percent and 0.2 percent up to 2022.

The 'Interest Rate Projection - 3rd Yr' in the USA refers to the forecasted interest rates for three years into the future, typically provided by the Federal Reserve.

This dataset provides values for INTEREST RATES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2023, 3-Month SOFR (Secured Overnight Financing Rate) futures had the highest trading volume of all exchange-traded interest rate derivatives in 2023, with *** million contracts traded on the CME. 10-year Treasury Notes futures followed, with *** million contracts traded on the same exchange.