In June 2023, the repo rate set by Reserve Bank of India stood at 6.5 percent. In May 2022, the repo rate was 4.4 percent after which it spiked continuously. 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.

The benchmark interest rate in India was last recorded at 6.25 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India Repo Rate data was reported at 6.250 % pa in 26 Mar 2025. This stayed constant from the previous number of 6.250 % pa for 25 Mar 2025. India Repo Rate data is updated daily, averaging 6.250 % pa from Apr 2001 (Median) to 26 Mar 2025, with 8735 observations. The data reached an all-time high of 7.500 % pa in 01 Jun 2015 and a record low of 4.000 % pa in 03 May 2022. India Repo Rate data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under High Frequency Database’s Lending Rates – Table IN.MB001: Bank Interest Rate. [COVID-19-IMPACT]

The dataset shows Bank Rate, Fix Range LAF Rates, Cash Reserve Ratio, Marginal Standing Facility, Statutory Liquidity Ratio

Note: 1. Cash reserve ratio is as prescribed under Section 42(1) of the RBI Act, 1934. Statutory Liquidity Ratio is as prescribed under Section 24 of the Banking Regulation Act, 1949. 2. The Liquidity Adjustment Facility (LAF) system was operating on 'auction-based variable rate' during the period from April 27, 2001 to March 28, 2004, and moved to 'fixed rate' mode from March 29, 2004. 3. Till October 28, 2004, nomenclature of repo indicated absorption of liquidity and reverse repo meant injection of liquidity by the Reserve Bank. However, with effect from October 29, 2004 nomenclature of repo and reverse repo has been interchanged as per international usage. The current nomenclature is followed in this Table. 4. Since May 3, 2011 the repo rate is the single independently varying policy rate. The reverse repo rate is linked to the repo rate and was pegged at a 100 basis points below the repo rate. The peg was brought down to 50 basis points w.e.f. April 5, 2016. since April 6,2017 the rate is pegged at a 25 basis points below the repo rate. Since March 27, 2020 the reverse repo rate was adjusted to 40 basis point below the repo rate and w.e.f April 17, 2020, it is pegged to a 65 basis points below the repo rate. 5. Standing Deposit Facility (SDF) was introduced on April 08, 2022 at 3.75 per cent. The SDF rate is placed at 25 basis points below the policy repo rate and has replaced the fixed reverse repo rate as the floor of the LAF corridor since April 8, 2022.
6. The Marginal Standing Facility (MSF) was introduced from the fortnight beginning May 7, 2011. Under the MSF, scheduled commercial banks could borrow overnight up to one per cent of their respective NDTL below the prescribed SLR, at a rate determined with a spread of 100 basis points above the repo rate. The borrowing limit was raised to up to two per cent below the prescribed SLR on April 17, 2012. This limit was temporarily increased to three per cent on March 27, 2020 for a period up to June 30, 2020 and subsequently extended up to September 30, 2020. The increased limit was further extended till September 30, 2021 on February 05, 2021 and then to December 31, 2021 on August 06, 2021. The spread of the MSF above the repo rate was increased to 300 basis points on July 15, 2013. The spread was narrowed to 200 basis points on September 20, 2013 and further to 150 basis points on October 7, 2013 before being restored to 100 basis points on October 29, 2013. The spread was reduced further to 50 basis points on April 5, 2016. The present spread w.e.f. April 6, 2017 is 25 basis points above the repo rate.

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. The first rate cut in 2025 then set the rate at 4.33 percent. 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.

India PFS: RBI: Repo Rate: Period End: Current Quarter: Maximum data was reported at 6.300 % in Jun 2018. This records an increase from the previous number of 6.250 % for Jun 2017. India PFS: RBI: Repo Rate: Period End: Current Quarter: Maximum data is updated quarterly, averaging 6.750 % from Mar 2008 (Median) to Jun 2018, with 24 observations. The data reached an all-time high of 9.300 % in Sep 2008 and a record low of 4.750 % in Dec 2009. India PFS: RBI: Repo Rate: Period End: Current Quarter: Maximum data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Business and Economic Survey – Table IN.SE042: Professional Forecasters Survey (PFS): Reserve Bank of India: Quarterly Forecasts: Repo Rate: Period End.

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.

Graph and download economic data for Bank Prime Loan Rate Changes: Historical Dates of Changes and Rates (PRIME) from 1955-08-04 to 2024-12-20 about prime, loans, interest rate, banks, interest, depository institutions, rate, and USA.

Sri Lanka LK: Central Bank Reverse Repo Rate data was reported at 8.750 % pa in 2017. This records an increase from the previous number of 8.500 % pa for 2016. Sri Lanka LK: Central Bank Reverse Repo Rate data is updated yearly, averaging 9.000 % pa from Dec 2001 (Median) to 2017, with 17 observations. The data reached an all-time high of 14.000 % pa in 2001 and a record low of 7.500 % pa in 2015. Sri Lanka LK: Central Bank Reverse Repo Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Sri Lanka – Table LK.IMF.IFS: Money Market and Policy Rates: Annual.

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.

In January 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 early 2025, Russia maintained the highest interest rate at 21 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 0.5 percent in January 2025. In contrast, Russia maintained a high inflation rate of 9.9 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.

India RBI Operations: Liquidity Adjustment Facility: Variable Rate: Repo: Fine Tuning Operation data was reported at 956,530.000 INR mn in 25 Mar 2025. This records an increase from the previous number of 662,150.000 INR mn for 24 Mar 2025. India RBI Operations: Liquidity Adjustment Facility: Variable Rate: Repo: Fine Tuning Operation data is updated daily, averaging 526,930.000 INR mn from Mar 2020 (Median) to 25 Mar 2025, with 117 observations. The data reached an all-time high of 2,356,190.000 INR mn in 13 Feb 2025 and a record low of 5,000.000 INR mn in 26 Mar 2021. India RBI Operations: Liquidity Adjustment Facility: Variable Rate: Repo: Fine Tuning Operation data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Monetary – Table IN.KAD002: Reserve Bank of India Operations.

Graph and download economic data for Overnight Reverse Repurchase Agreements Award Rate: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations (RRPONTSYAWARD) from 2013-09-23 to 2025-03-25 about reverse repos, overnight, securities, Treasury, sales, rate, and USA.

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 2.25 percent by February 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 June 2024, the United States had the highest 10-year government bond yield among developed economies at 4.09 percent, while Switzerland had the lowest at 0.69 percent. These rates serve as important benchmarks for borrowing costs and economic expectations worldwide.

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 5.38 percent at the end of 2023, the European Central Bank deposit rate at four percent, and the Swiss National Bank policy rate at 1.75 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 3.5 percent, the ECB refi rate to 2.65 percent, the Bank of England bank rate to 3.33 percent, and the Swiss National Bank policy rate to 0.75 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.

Sri Lanka Central Bank: Standing Lending Facility Rate (Reverse Repo Rate) data was reported at 9.000 % pa in Nov 2018. This records an increase from the previous number of 8.500 % pa for Oct 2018. Sri Lanka Central Bank: Standing Lending Facility Rate (Reverse Repo Rate) data is updated monthly, averaging 9.500 % pa from Dec 1999 (Median) to Nov 2018, with 228 observations. The data reached an all-time high of 23.000 % pa in Jan 2001 and a record low of 7.500 % pa in Jan 2016. Sri Lanka Central Bank: Standing Lending Facility Rate (Reverse Repo Rate) data remains active status in CEIC and is reported by Central Bank of Sri Lanka. The data is categorized under Global Database’s Sri Lanka – Table LK.M001: Policy Rate.

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.

The benchmark interest rate in South Africa was last recorded at 7.50 percent. This dataset provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Overnight Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations (RRPONTSYD) from 2003-02-07 to 2025-03-07 about reverse repos, overnight, trade, securities, Treasury, sales, and USA.

India Reverse Repo Rate data was reported at 3.350 % pa in 24 Mar 2025. This stayed constant from the previous number of 3.350 % pa for 23 Mar 2025. India Reverse Repo Rate data is updated daily, averaging 4.900 % pa from Apr 2001 (Median) to 24 Mar 2025, with 8733 observations. The data reached an all-time high of 6.500 % pa in 01 Jun 2015 and a record low of 3.350 % pa in 24 Mar 2025. India Reverse Repo Rate data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MB001: Bank Interest Rate. [COVID-19-IMPACT]