Interbank Rate in Australia decreased to 3.84 percent in June from 4 percent in May of 2025. This dataset provides - Australia Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

A comparison of the Australian target cash rate and the overnight interbank lending rate shows that, after around a decade of being identical, the economic impact of the coronavirus (COVID-19) pandemic led to the actual overnight lending rate being lower than the Reserve Bank of Australia's target rate. This means that banks are lending to each other at lower rates than the "official" interest rate. One reason for this is the that the Reserve bank has made money available to banks in several new ways over this period (such as repo agreements where banks can pledge assets for short term funds), increasing liquidity in the banking system. As of May 2024, the overnight interbank cash rate and the target cash rate stood at **** and **** percent, respectively.

Interbank Overnight Cash Rate data was reported at 4.090 % pa in 15 May 2025. This stayed constant from the previous number of 4.090 % pa for 14 May 2025. Interbank Overnight Cash Rate data is updated daily, averaging 2.000 % pa from Aug 1990 (Median) to 15 May 2025, with 9343 observations. The data reached an all-time high of 4.750 % pa in 01 Nov 2011 and a record low of 0.030 % pa in 11 Nov 2021. Interbank Overnight Cash Rate data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.M002: Interbank Overnight Cash Rate. [COVID-19-IMPACT]

Graph and download economic data for Overnight Bank Funding Rate (OBFR) from 2016-03-01 to 2025-07-10 about ibf, overnight, percentile, banks, depository institutions, rate, and USA.

The benchmark interest rate in Singapore was last recorded at 2.30 percent. This dataset provides the latest reported value for - Singapore Average Overnight Interest 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 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.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for China (IRSTCI01CNM156N) from Mar 1990 to Apr 2025 about interbank, overnight, China, interest rate, interest, and rate.

The benchmark interest rate in Argentina was last recorded at 29 percent. This dataset provides the latest reported value for - Argentina Money Market 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 Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for New Zealand (IRSTCI01NZA156N) from 1985 to 2024 about New Zealand, interbank, overnight, interest rate, interest, and rate.

Repo Rate in the United States remained unchanged at 5.37 on Tuesday April 9. This dataset provides - United States Repo Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Korea (IRSTCI01KRM156N) from Jan 1991 to May 2025 about interbank, Korea, overnight, interest rate, interest, and rate.

Croatia Lending Rate: Overnight Credits data was reported at 2.500 % pa in Dec 2022. This stayed constant from the previous number of 2.500 % pa for Nov 2022. Croatia Lending Rate: Overnight Credits data is updated monthly, averaging 2.500 % pa from Sep 2017 (Median) to Dec 2022, with 64 observations. The data reached an all-time high of 2.500 % pa in Dec 2022 and a record low of 2.500 % pa in Dec 2022. Croatia Lending Rate: Overnight Credits data remains active status in CEIC and is reported by Croatian National Bank. The data is categorized under Global Database’s Croatia – Table HR.M001: Policy and Interbank Interest Rates.

Key information about Singapore Policy Rate

• Singapore cash rate (Policy Rate: Month Avg: Singapore: Overnight Rate) was set at 4.00 % pa in Jun 2023, compared with 3.72 % pa in the previous May 2023.
• Singapore Policy Rate averaged 0.40 % pa and is updated monthly, available from Jul 2005 to Jun 2023.
• The data reached an all-time high of 4.39 % pa in Sep 2022 and a record low of 0.02 % pa in Jul 2011.

• In the latest reports, Singapore SIBOR: SGD: Month End: 3 Months was reported at 4.09 % pa in Jun 2023.
• Its Long Term Interest Rate (Government Securities: Yield: Month End: 10 Years) was reported at 3.08 % pa in Jun 2023.
• Singapore Exchange Rate against USD averaged 1.35 (USD/SGD) in Jun 2023.
• Its Real Effective Exchange Rate was 131.63 in May 2023.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for India (IRSTCB01INM156N) from Jan 1968 to Dec 2023 about overnight, India, interest rate, banks, interest, depository institutions, and rate.

The benchmark interest rate in Australia was last recorded at 3.85 percent. This dataset provides - Australia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The volume of Australian overnight interbank lending fell sharply with the onset of the coronavirus (COVID-19) pandemic in early 2020. From a daily average of around *** billion Australian dollars between January 2019 and March 2020, from April 2020 to November 2021 this average fell to around *** million Australian dollars. It is for this reason that the Reserve bank of Australia has been taking measures to inject funds into the banking system, letting the Australian overnight banking rate fall below the official target cash rate.

The benchmark interest rate in Brazil was last recorded at 15 percent. This dataset provides - Brazil Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Mexico Policy Rate

• Mexico cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 9.50 % pa in Feb 2025, compared with 10.00 % pa in the previous Jan 2025.
• Mexico Policy Rate averaged 4.75 % pa and is updated monthly, available from Jan 2008 to Feb 2025.
• The data reached an all-time high of 11.25 % pa in Feb 2024 and a record low of 3.00 % pa in Nov 2015.

• In the latest reports, Mexico Interbank Equilibrium Interest Rate: 91 Days TIIE: Month End was reported at 9.83 % pa in Feb 2025.
• Its Long Term Interest Rate (UDIBONOS Average Yield: 10 Years) was reported at 5.45 % pa in Jan 2025.
• Mexico Exchange Rate against USD averaged 17.24 (USD/MXN) in Jun 2023.
• Its Real Effective Exchange Rate was 102.79 in Nov 2024.

Key information about Philippines Policy Rate

• Philippines cash rate (Policy Rate: Month End: Overnight Lending Facility) was set at 7.00 % pa in May 2024, compared with 7.00 % pa in the previous Apr 2024.
• Philippines Policy Rate averaged 3.50 % pa and is updated monthly, available from Jun 2016 to May 2024.
• The data reached an all-time high of 7.00 % pa in May 2024 and a record low of 2.50 % pa in Apr 2022.

• In the latest reports, Philippines Short Term Interest Rate: Month End: Treasury Bill Rate: 91 Days was reported at 5.74 % pa in May 2024.
• Its Long Term Interest Rate (Long Term Interest Rate: Month End: Philippines: Treasury Bond Rate: 10 Years) was reported at 6.83 % pa in May 2024.
• Philippines Exchange Rate against USD averaged 55.89 (USD/PHP) in Jun 2023.
• Its Real Effective Exchange Rate was 144.19 in May 2024.