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 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. In January 2025, the Federal Reserve implemented another cut, setting the rate at 4.33 percent, which remained unchanged throughout the following months. 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 FOMC Summary of Economic Projections for the Fed Funds Rate, Median (FEDTARMD) from 2025 to 2027 about projection, federal, median, rate, and USA.

The inflation rate in the United States declined significantly between June 2022 and May 2025, despite rising inflationary pressures towards the end of 2024. The peak inflation rate was recorded in June 2022, at *** percent. In August 2023, the Federal Reserve's interest rate hit its highest level during the observed period, at **** percent, and remained unchanged until September 2024, when the Federal Reserve implemented its first rate cut since September 2021. By January 2025, the rate dropped to **** percent, signalling a shift in monetary policy. What is the Federal Reserve interest rate? The Federal Reserve interest rate, or the federal funds rate, is the rate at which banks and credit unions lend to and borrow from each other. It is one of the Federal Reserve's key tools for maintaining strong employment rates, stable prices, and reasonable interest rates. The rate is determined by the Federal Reserve and adjusted eight times a year, though it can be changed through emergency meetings during times of crisis. The Fed doesn't directly control the interest rate but sets a target rate. It then uses open market operations to influence rates toward this target. Ways of measuring inflation Inflation is typically measured using several methods, with the most common being the Consumer Price Index (CPI). The CPI tracks the price of a fixed basket of goods and services over time, providing a measure of the price changes consumers face. At the end of 2023, the CPI in the United States was ****** percent, up from ****** a year earlier. A more business-focused measure is the producer price index (PPI), which represents the costs of firms.

Graph and download economic data for Federal Funds Target Range - Upper Limit (DFEDTARU) from 2008-12-16 to 2025-06-30 about federal, interest rate, interest, rate, and USA.

As of November 2024, Bank Mizrahi-Tefahot had the highest average interest rate on one to two-year fixed-term deposits in Israel, at 4.52 percent. Mercantile Bank followed closely with an interest rate of 4.51 percent. Other banks with high interest rates included Bank of Jerusalem and Bank Hapoalim.

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.

Bank deposit interest rate, percent in Lebanon, November, 2024 The most recent value is 3.8 percent as of November 2024, an increase compared to the previous value of 2.55 percent. Historically, the average for Lebanon from January 1982 to November 2024 is 10.72 percent. The minimum of 0.88 percent was recorded in April 2023, while the maximum of 24.8 percent was reached in February 1988. | TheGlobalEconomy.com

In November 2024, Mercantile Bank provided a 3.72 percent interest rate on one-month fixed-term deposits in Israel. It was followed by Bank Hapoalim with an interest rate of 3.37 percent. In contrast, Bank Yahav had the lowest rate among retail banks in the country, at 1.59 percent.

Bank deposit interest rate, percent in Cambodia, November, 2024 The most recent value is 5 percent as of November 2024, a decline compared to the previous value of 5.26 percent. Historically, the average for Cambodia from June 2018 to November 2024 is 5.7 percent. The minimum of 3.99 percent was recorded in June 2019, while the maximum of 7.45 percent was reached in March 2023. | TheGlobalEconomy.com

China IRS: Fixed Interest Rate: 1 Day Interbank Repo Fixing Rate: 1 Month data was reported at 1.576 % pa in Nov 2024. China IRS: Fixed Interest Rate: 1 Day Interbank Repo Fixing Rate: 1 Month data is updated monthly, averaging 1.576 % pa from Nov 2024 (Median) to Nov 2024, with 1 observations. The data reached an all-time high of 1.576 % pa in Nov 2024 and a record low of 1.576 % pa in Nov 2024. China IRS: Fixed Interest Rate: 1 Day Interbank Repo Fixing Rate: 1 Month data remains active status in CEIC and is reported by National Interbank Funding Center. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MG: National Interbank Funding Centre (NIFC): Interest Rate Swap: Fixed Interest Rate.

China IRS: Fixed Interest Rate: 1 Day Interbank Repo Fixing Rate: Depository Institution: 5 Year data was reported at 1.400 % pa in Nov 2024. China IRS: Fixed Interest Rate: 1 Day Interbank Repo Fixing Rate: Depository Institution: 5 Year data is updated monthly, averaging 1.400 % pa from Nov 2024 (Median) to Nov 2024, with 1 observations. The data reached an all-time high of 1.400 % pa in Nov 2024 and a record low of 1.400 % pa in Nov 2024. China IRS: Fixed Interest Rate: 1 Day Interbank Repo Fixing Rate: Depository Institution: 5 Year data remains active status in CEIC and is reported by National Interbank Funding Center. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MG: National Interbank Funding Centre (NIFC): Interest Rate Swap: Fixed Interest Rate.

Bank deposit interest rate, percent in Ireland, March, 2025 The most recent value is 2.62 percent as of March 2025, no change compared to the previous value of 2.62 percent. Historically, the average for Ireland from July 2017 to March 2025 is 0.58 percent. The minimum of 0.02 percent was recorded in October 2019, while the maximum of 2.62 percent was reached in November 2024. | TheGlobalEconomy.com

As of November 2024, Bank of Jerusalem in Israel offered the highest average interest rate on loans among retail banks, at 13.6 percent. It was followed by Mercantile Bank with a rate of 10.35 percent. On the other hand, online bank One Zero offered the lowest interest rate, at just below seven percent.

Inflation Rate in the United States increased to 2.40 percent in May from 2.30 percent in April of 2025. This dataset provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in China was last recorded at 3 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 average interest rate on new deposits with an agreed maturity of up to one year in Belgium continued growing in 2024. That happened after the interest rates of deposits soared in 2023, reaching three percent. Between January and November 2024, the interest rates of new deposits with a maturity of up to 1 year amounted to 3.27 percent.

Indonesia Monetary Operation: Weighted Interest Rate: Contraction: 1 Week data was reported at 6.000 % in 14 Nov 2024. This stayed constant from the previous number of 6.000 % for 13 Nov 2024. Indonesia Monetary Operation: Weighted Interest Rate: Contraction: 1 Week data is updated daily, averaging 5.750 % from Dec 2021 (Median) to 14 Nov 2024, with 719 observations. The data reached an all-time high of 6.250 % in 17 Sep 2024 and a record low of 3.500 % in 22 Aug 2022. Indonesia Monetary Operation: Weighted Interest Rate: Contraction: 1 Week data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Monetary – Table ID.KAB018: Monetary Operations: Open Market Operation: Weighted Interest Rate (Discontinued).

The benchmark interest rate in Sweden was last recorded at 2 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.

The benchmark interest rate in Russia was last recorded at 20 percent. This dataset provides the latest reported value for - Russia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.