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 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.

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.

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.

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 2024, 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 in an effort 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.

United States Interest Rates: 12 Months Expectation: Lower data was reported at 21.400 % in Apr 2025. This records a decrease from the previous number of 23.300 % for Mar 2025. United States Interest Rates: 12 Months Expectation: Lower data is updated monthly, averaging 12.100 % from Jun 1987 (Median) to Apr 2025, with 455 observations. The data reached an all-time high of 45.800 % in Jan 1991 and a record low of 5.200 % in Jun 2018. United States Interest Rates: 12 Months Expectation: Lower data remains active status in CEIC and is reported by The Conference Board. The data is categorized under Global Database’s United States – Table US.H051: Consumer Confidence Index: Interest Rate Expectation. [COVID-19-IMPACT]

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.

Dataset Description

This dataset contains the actual and predicted federal funds target rate for the United States from 1990 to 2023. The federal funds target rate is the interest rate at which depository institutions lend their excess reserves to each other overnight. It is set by the Federal Open Market Committee (FOMC) and is a key tool used by the Federal Reserve to influence the economy.

The dataset includes the following five columns:

Release Date: The date on which the data was released by the Federal Reserve. Time: The time of day at which the data was released. Actual: The actual federal funds target rate. Predicted: The predicted federal funds target rate. Forecast: The forecast federal funds target rate.

Data Usage

This dataset can be used for a variety of purposes, including: - Analyzing trends in the federal funds target rate over time. - Forecasting the future path of the federal funds target rate. - Assessing the effectiveness of monetary policy. - Data Quality

The data for this dataset is of high quality. The Federal Reserve is a reputable source of data and the data is updated regularly.

Data Limitations

The data for this dataset is limited to the United States. Additionally, the data does not include information on the factors that influenced the Federal Open Market Committee's decision to set the federal funds target rate.

Nepal NP: Real Interest Rate data was reported at -6.207 % pa in 2010. This records an increase from the previous number of -6.823 % pa for 2009. Nepal NP: Real Interest Rate data is updated yearly, averaging 3.657 % pa from Dec 1975 (Median) to 2010, with 29 observations. The data reached an all-time high of 18.214 % pa in 1977 and a record low of -12.173 % pa in 1975. Nepal NP: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nepal – Table NP.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.; ;

Croatia HR: Interest Rate Spread data was reported at 7.227 % pa in 2014. This records a decrease from the previous number of 7.726 % pa for 2013. Croatia HR: Interest Rate Spread data is updated yearly, averaging 9.048 % pa from Dec 1993 (Median) to 2014, with 22 observations. The data reached an all-time high of 1,064.296 % pa in 1993 and a record low of 6.320 % pa in 2001. Croatia HR: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Croatia – Table HR.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files.;Median;

Iran IR: Lending Interest Rate data was reported at 18.000 % pa in 2016. This records an increase from the previous number of 14.210 % pa for 2015. Iran IR: Lending Interest Rate data is updated yearly, averaging 12.000 % pa from Dec 2004 (Median) to 2016, with 13 observations. The data reached an all-time high of 18.000 % pa in 2016 and a record low of 11.000 % pa in 2013. Iran IR: Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iran – Table IR.World Bank.WDI: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for Japan Interest Rate.

India Repo Rate data was reported at 6.000 % pa in 18 May 2025. This stayed constant from the previous number of 6.000 % pa for 17 May 2025. India Repo Rate data is updated daily, averaging 6.250 % pa from Apr 2001 (Median) to 18 May 2025, with 8788 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]

View data of the Effective Federal Funds Rate, or the interest rate depository institutions charge each other for overnight loans of funds.

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.

Indonesia Banking Survey: Loan Interest Rate: Whole Year Estimation: in USD: Investment data was reported at 6.566 % in Mar 2025. This records an increase from the previous number of 6.446 % for Dec 2024. Indonesia Banking Survey: Loan Interest Rate: Whole Year Estimation: in USD: Investment data is updated quarterly, averaging 6.330 % from Mar 2012 (Median) to Mar 2025, with 53 observations. The data reached an all-time high of 6.961 % in Sep 2023 and a record low of 4.454 % in Mar 2022. Indonesia Banking Survey: Loan Interest Rate: Whole Year Estimation: in USD: Investment data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Business and Economic Survey – Table ID.SE003: Banking Survey: Interest Rate. [COVID-19-IMPACT]

The benchmark interest rate In the Euro Area was last recorded at 2.15 percent. This dataset provides - Euro Area Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Based on a large historical panel dataset, this paper provides evidence that the government spending multiplier can be significantly higher when interest rates are at or near the zero lower bound (ZLB). We estimate multipliers that are as high as 1.5 during ZLB episodes but small and statistically indistinguishable from zero during normal times. Our results are robust to different definitions of ZLB episodes, alternative ways of identifying government spending shocks, controlling for the exchange rate regime, and other potentially important state variables. In particular, we show that the difference in multipliers is not driven by multipliers being higher during periods of economic slack.

The benchmark interest rate in Mexico was last recorded at 8 percent. This dataset provides - Mexico Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

An important indicator of the financial strength of governmental entity is its bond rating. The bond rating is similar in nature to the credit score of an individual – the higher the score, the better the ability to borrow money to finance purchases at a lower interest rate. Similarly, the higher the bond rating for a governmental entity, the more opportunities to borrow money for capital needs at lower interest rates. A high bond rating is in excellent indicator of the overall financial health of a government.This measure is obtained each year when the city seeks to issue bonds to finance its’ projects. As part of this process, bond ratings are always obtained from the rating agencies: Standard & Poor’s. Fitch Ratings and Moody's Investor Service.This page provides data for the Bond Rating performance measure.Bond ratings are a reflection of the financial strength of an entity. A high rating means an entity can issue bonds to finance capital projects at lower interest rates; lower rates result in less interest to be paid on the repayment of the bonds. Ultimately, this lowers the costs of our capital projects to our taxpayers.The performance measure dashboard is available at 5.04 Bond Rating.Additional InformationSource: Standard & Poors, Moody's Investor Service, and Fitch Ratings are the major bond rating agencies in the United States and are widely used by governmental and non-governmental entities throughout the country.Contact: Jerry HartContact E-Mail: Jerry_Hart@tempe.govData Source Type: ExcelPreparation Method: ManualPublish Frequency: AnnuallyPublish Method: ManualData Dictionary