The benchmark interest rate in India was last recorded at 5.50 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In June 2025, the repo rate set by Reserve Bank of India stood at *** percent. In May 2022, the repo rate was *** percent, after which it spiked continuously until 2025. The repo rate is defined as the rate at which the central bank of a country, in this case the Reserve Bank of India (RBI), lends money to commercial banks in case of lack of funds.

Reverse Repo Rate in India remained unchanged at 3.35 percent in October. This dataset provides - India Reverse Repo Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Key information about Indonesia Policy Rate

• Indonesia cash rate (Policy Rate: Month End: Indonesia: BI-Rate) was set at 4.75 % pa in Nov 2025, compared with 4.75 % pa in the previous Oct 2025.
• Indonesia Policy Rate averaged 4.00 % pa and is updated monthly, available from Jun 2015 to Nov 2025.
• The data reached an all-time high of 6.25 % pa in Aug 2024 and a record low of 3.50 % pa in Jul 2022.

The Bank of Indonesia announced 7 Days Reverse Repo Rate as new policy rate effective August 19th, 2016. For Policy Rate prior to August 2016, please refer to the 1 Month Bank Indonesia Certificates Auction Rate. From 21 December 2023, Bank Indonesia will change the name of its policy rate to BI Rate, replacing the BI 7-Day Reverse Repo. The new name doesn't change the meaning or objectives of the BI-Rates as the monetary policy stance of Bank Indonesia, with operationalisation still referring to Bank Indonesia reverse repo transaction with a tenor of seven days. [COVID-19-IMPACT]


Related information about Indonesia Policy Rate

• In the latest reports, Indonesia Short Term Interest Rate: Month End: Indonesia: 3 Months Interbank was reported at 5.46 % pa in Nov 2025.
• Its Long Term Interest Rate (Long Term Interest Rate: Month End: Indonesia: Government Bond Yield: 10 Years) was reported at 6.27 % pa in Nov 2025.
• Indonesia Exchange Rate against USD averaged 16,703.05 (USD/IDR) in Nov 2025.
• Its Real Effective Exchange Rate was 106.42 in Oct 2025.

Policy interest rates in the U.S. and Europe are forecasted to decrease gradually between 2024 and 2027, following exceptional increases triggered by soaring inflation between 2021 and 2023. The U.S. federal funds rate stood at **** percent at the end of 2023, the European Central Bank deposit rate at **** percent, and the Swiss National Bank policy rate at **** percent. With inflationary pressures stabilizing, policy interest rates are forecast to decrease in each observed region. The U.S. federal funds rate is expected to decrease to *** percent, the ECB refi rate to **** percent, the Bank of England bank rate to **** percent, and the Swiss National Bank policy rate to **** percent by 2025. An interesting aspect to note is the impact of these interest rate changes on various economic factors such as growth, employment, and inflation. The impact of central bank policy rates The U.S. federal funds effective rate, crucial in determining the interest rate paid by depository institutions, experienced drastic changes in response to the COVID-19 pandemic. The subsequent slight changes in the effective rate reflected the efforts to stimulate the economy and manage economic factors such as inflation. Such fluctuations in the federal funds rate have had a significant impact on the overall economy. The European Central Bank's decision to cut its fixed interest rate in June 2024 for the first time since 2016 marked a significant shift in attitude towards economic conditions. The reasons behind the fluctuations in the ECB's interest rate reflect its mandate to ensure price stability and manage inflation, shedding light on the complex interplay between interest rates and economic factors. Inflation and real interest rates The relationship between inflation and interest rates is critical in understanding the actions of central banks. Central banks' efforts to manage inflation through interest rate adjustments reveal the intricate balance between economic growth and inflation. Additionally, the concept of real interest rates, adjusted for inflation, provides valuable insights into the impact of inflation on the economy.

Graph and download economic data for Overnight Reverse Repurchase Agreements Award Rate (RRPONTSYAWARD) from 2013-09-23 to 2025-12-01 about reverse repos, overnight, Treasury, securities, sales, rate, and USA.

The benchmark interest rate in the United States was last recorded at 4 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.

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 *** percent. This historic low came just one week after the Bank of England cut rates from **** percent to **** percent in a bid to prevent mass job cuts in the United Kingdom. It remained at *** percent until December 2021 and was increased to one percent in May 2022 and to **** percent in October 2022. After that, the bank rate increased almost on a monthly basis, reaching **** 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 2025, 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 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.

Key information about South Africa Policy Rate

• South Africa cash rate (Policy Rate: Month End: Repo Rate) was set at 6.75 % pa in Nov 2025, compared with 7.00 % pa in the previous Oct 2025.
• South Africa Policy Rate averaged 5.00 % pa and is updated monthly, available from Nov 1999 to Nov 2025.
• The data reached an all-time high of 13.50 % pa in May 2003 and a record low of 3.50 % pa in Oct 2021.

Related information about South Africa Policy Rate

• In the latest reports, South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 6.66 % pa in Nov 2025.
• Its Long Term Interest Rate (Government Bond Yield: Month End: 10 Years and Over) was reported at 8.98 % pa in Nov 2025.
• South Africa Exchange Rate against USD averaged 17.27 (USD/ZAR) in Oct 2025.
• Its Real Effective Exchange Rate was 89.88 in Sep 2025.

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

In September 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In September 2025, Russia maintained the highest interest rate at 17 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at -0.3 percent in September 2025. In contrast, Russia maintained a high inflation rate of 8 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

Bank of Indonesia: Lending Facility (Repo) Rate data was reported at 6.500 % pa in Apr 2025. This stayed constant from the previous number of 6.500 % pa for Mar 2025. Bank of Indonesia: Lending Facility (Repo) Rate data is updated monthly, averaging 6.750 % pa from Feb 2009 (Median) to Apr 2025, with 195 observations. The data reached an all-time high of 8.750 % pa in Feb 2009 and a record low of 4.250 % pa in Jul 2022. Bank of Indonesia: Lending Facility (Repo) Rate data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.MB001: Bank of Indonesia: Monetary Policy Rate. Since 19 August 2016, the series follows 7 Days Reverse Repo Rate figure (ID 376227237) due to changes of reference rate policy by Central Bank. [COVID-19-IMPACT]

Argentina Reference Interest Rate: Repo: 30 Days data was reported at 34.390 % pa in May 2021. This records an increase from the previous number of 33.990 % pa for Apr 2021. Argentina Reference Interest Rate: Repo: 30 Days data is updated monthly, averaging 14.790 % pa from Jul 2002 (Median) to May 2021, with 227 observations. The data reached an all-time high of 64.690 % pa in Aug 2019 and a record low of 1.550 % pa in Feb 2004. Argentina Reference Interest Rate: Repo: 30 Days data remains active status in CEIC and is reported by Central Bank of Argentina. The data is categorized under Global Database’s Argentina – Table AR.M001: Policy Rate.

The Kansas City Financial Stress Index (KCFSI) uses the London Interbank Offered Rate (LIBOR) to measure money market borrowing conditions. But regulatory changes in the United Kingdom will eliminate LIBOR by 2021. We construct a revised financial stress index with a variable that measures the cost of borrowing collateralized by Treasury securities (the Treasury repo rate) instead of LIBOR. This revised measure of the KCFSI is highly correlated with the current KCFSI, suggesting the Treasury repo rate can replace LIBOR.

In June 2024, the European Central Bank (ECB) began reducing its fixed interest rate for the first time since 2016, implementing a series of cuts. The rate decreased from 4.5 percent to 3.15 percent by year-end: a 0.25 percentage point cut in June, followed by additional reductions in September, October, and December. The central bank implemented other cuts in the first half of 2025, setting the rate at 2.15 percent in June 2025. This marked a significant shift from the previous rate hike cycle, which began in July 2022 when the ECB raised rates to 0.5 percent and subsequently increased them almost monthly, reaching 4.5 percent by December 2023 - the highest level since the 2007-2008 global financial crisis. How does this ensure liquidity? Banks typically hold only a fraction of their capital in cash, measured by metrics like the Tier 1 capital ratio. Since this ratio is low, banks prefer to allocate most of their capital to revenue-generating loans. When their cash reserves fall too low, banks borrow from the ECB to cover short-term liquidity needs. On the other hand, commercial banks can also deposit excess funds with the ECB at a lower interest rate. Reasons for fluctuations
The ECB’s primary mandate is to maintain price stability. The Euro area inflation rate is, in theory, the key indicator guiding the ECB's actions. When the fixed interest rate is lower, commercial banks are more likely to borrow from the ECB, increasing the money supply and, in turn, driving inflation higher. When inflation rises, the ECB increases the fixed interest rate, which slows borrowing and helps to reduce inflation.

Monthly and long-term South Africa Interest Rate data: historical series and analyst forecasts curated by FocusEconomics.

The 'RBI Interest Rate Decision' is a monetary policy event where the Reserve Bank of India (RBI) announces changes to the benchmark interest rate, primarily the repo rate, which influences borrowing costs in the economy.-2025-02-06

The 'RBI Interest Rate Decision' is a monetary policy event where the Reserve Bank of India (RBI) announces changes to the benchmark interest rate, primarily the repo rate, which influences borrowing costs in the economy.

Japan Tokyo Repo Rate: 3 Week data was reported at -0.134 % pa in Nov 2018. This records an increase from the previous number of -0.139 % pa for Oct 2018. Japan Tokyo Repo Rate: 3 Week data is updated monthly, averaging 0.100 % pa from Oct 2007 (Median) to Nov 2018, with 134 observations. The data reached an all-time high of 0.594 % pa in Sep 2008 and a record low of -0.164 % pa in Apr 2016. Japan Tokyo Repo Rate: 3 Week data remains active status in CEIC and is reported by Japan Securities Dealers Association. The data is categorized under Global Database’s Japan – Table JP.M013: Repo Rate.