The benchmark interest rate in the United States was last recorded at 3.75 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.

This dataset provides values for INTEREST RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Effective Federal Funds Rate in the United States remained unchanged at 3.64 percent on Wednesday March 25. This dataset includes a chart with historical data for the United States Effective Federal Funds Rate.

The benchmark interest rate in Canada was last recorded at 2.25 percent. This dataset provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Japan was last recorded at 0.75 percent. This dataset provides - Japan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

A time-series dataset showing how mortgage rates reacted to major Federal Reserve rate cuts, including basis point changes and economic context.

Context

The Federal Reserve sets interest rates to promote conditions that achieve the mandate set by the Congress — high employment, low and stable inflation, sustainable economic growth, and moderate long-term interest rates. Interest rates set by the Fed directly influence the cost of borrowing money. Lower interest rates encourage more people to obtain a mortgage for a new home or to borrow money for an automobile or for home improvement. Lower rates encourage businesses to borrow funds to invest in expansion such as purchasing new equipment, updating plants, or hiring more workers. Higher interest rates restrain such borrowing by consumers and businesses.

Content

This dataset includes data on the economic conditions in the United States on a monthly basis since 1954. The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight. The rate that the borrowing institution pays to the lending institution is determined between the two banks; the weighted average rate for all of these types of negotiations is called the effective federal funds rate. The effective federal funds rate is determined by the market but is influenced by the Federal Reserve through open market operations to reach the federal funds rate target. The Federal Open Market Committee (FOMC) meets eight times a year to determine the federal funds target rate; the target rate transitioned to a target range with an upper and lower limit in December 2008. The real gross domestic product is calculated as the seasonally adjusted quarterly rate of change in the gross domestic product based on chained 2009 dollars. The unemployment rate represents the number of unemployed as a seasonally adjusted percentage of the labor force. The inflation rate reflects the monthly change in the Consumer Price Index of products excluding food and energy.

Acknowledgements

The interest rate data was published by the Federal Reserve Bank of St. Louis' economic data portal. The gross domestic product data was provided by the US Bureau of Economic Analysis; the unemployment and consumer price index data was provided by the US Bureau of Labor Statistics.

Inspiration

How does economic growth, unemployment, and inflation impact the Federal Reserve's interest rates decisions? How has the interest rate policy changed over time? Can you predict the Federal Reserve's next decision? Will the target range set in March 2017 be increased, decreased, or remain the same?

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

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.

Dataset Overview

A comprehensive monthly record of central bank policy interest rates for 49 central banks spanning January 1945 to February 2026, sourced directly from the Bank for International Settlements (BIS) official statistical API.

Covers major central banks including the Federal Reserve, European Central Bank, Bank of England, Bank of Japan, People's Bank of China, and 44 others across Europe, Asia-Pacific, Latin America, the Middle East, and Africa.

Each record includes the official policy rate, derived rate change in basis points, rate cycle classification (Hiking / Cutting / Holding High / Holding Low), rate regime label (Negative / Near Zero / Accommodative / Neutral / Restrictive / Very Restrictive), cumulative change since January 2022, spread vs the US Federal Reserve, 3 and 12-month rolling averages, all-time high/low flags, crisis period flags (GFC, COVID, 2022–23 Hiking Cycle), and historical era labels spanning the Bretton Woods Era through the current Rate Cutting Cycle.

24,454 records. 100% completeness across all critical fields. All math independently verified — rate changes, cumulative BPS, rolling averages, and spread calculations confirmed correct.

Data Science Applications

• Time series forecasting: predict rate decisions using rolling averages, cycle phase, and spread vs Fed
• Clustering: group central banks by rate behaviour patterns across decades
• Event study analysis: measure rate response to GFC, COVID, and the 2022-23 inflation shock
• Correlation analysis: cross-country rate synchronisation and divergence during hiking and cutting cycles
• Regime detection: classify monetary policy stance using rate_regime and rate_cycle features
• EDA: 80 years of global monetary policy across 7 world regions

COLUMN DESCRIPTORS

date — First day of month (ISO YYYY-MM-DD) time_period — Month string (YYYY-MM) year / month / month_name — Date components quarter — Q1–Q4 decade — Decade label (e.g. 1970s) era — Historical monetary policy era country_code — ISO 2-letter country code country_name — Full country name central_bank — Official central bank name region — World region (7 categories) continent — Continent capital — Country capital city population — Country population (2024) currency — Official currency name and code policy_rate_pct — Official policy rate (% per annum) rate_change_bps — MoM rate change in basis points rate_change_direction — Hike / Cut / Hold / First Record rate_cycle — Hiking / Cutting / Holding High / Holding Low / Holding rate_regime — Negative Rate / Near Zero / Accommodative / Neutral / Restrictive / Very Restrictive / Emergency High cumulative_change_since_2022_bps — Cumulative rate change since Jan 2022 (bps) rate_jan2022_base — Policy rate as of January 2022 (baseline) rate_3m_avg — 3-month rolling average rate rate_12m_avg — 12-month rolling average rate rate_12m_max — 12-month rolling maximum rate rate_12m_min — 12-month rolling minimum rate is_all_time_high — 1 if rate is a new all-time high is_all_time_low — 1 if rate is a new all-time low spread_vs_fed_bps — Rate spread vs US Federal Reserve (bps) fed_rate — US Federal Reserve rate at same date gfc_period — 1 if date falls in GFC (2008-2009) covid_period — 1 if date falls in COVID era (2020-2021) hike_cycle_2022_23 — 1 if date falls in global hiking cycle rate_description — BIS rate description for this series rate_notes — BIS compilation methodology notes source_institution — Central bank and BIS as data source data_source — BIS WS_CBPOL v1 retrieved_date — Date data was retrieved build_timestamp — Full build timestamp row_completeness_pct — % of critical fields populated

ACKNOWLEDGEMENTS

Bank for International Settlements (BIS) — Central Bank Policy Rates WS_CBPOL Dataset, BIS Statistical API v1 https://stats.bis.org

REST Countries API — country metadata https://restcountries.com

All BIS data is publicly available under open access terms.

The benchmark interest rate in India was last recorded at 5.25 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Monthly US economic indicators covering the COVID-19 pandemic period and central bank response. This dataset tracks the Federal Reserve's emergency rate cuts (from 2.4% to near 0% in April 2020) and subsequent monetary policy normalization through 2025.

Features: - FEDFUNDS: Federal Funds Interest Rate (source: FRED) - CPI: Consumer Price Index (source: BLS) - DJIA: Dow Jones Industrial Average (source: FRED) - HOUST: New Privately-Owned Housing Units Started (source: Census Bureau)

Unique value: Includes stock market data (DJIA) alongside traditional economic indicators, enabling analysis of monetary policy transmission to equity markets with lagged effects.

Data collected from official US government sources via FRED API.

This dataset contains daily U.S. short-term interest rates from 2015 to 2025, sourced from the Federal Reserve and Federal Reserve Bank of New York via FRED. It includes:

Federal Funds Target Range (Upper & Lower Limits)

Federal Funds Effective Rate (DFF)

Interest Rate on Reserve Balances (IORB)

Secured Overnight Financing Rate (SOFR)

Standing Repo Operations Rate (SRP)

Overnight Reverse Repurchase Agreements Rate (RRP)

Tri-Party General Collateral Rate (TGCR)

These rates reflect key monetary policy tools and market-driven rates, useful for economic analysis, forecasting, and financial modeling.

The benchmark interest rate in the United Kingdom was last recorded at 3.75 percent. This dataset provides - United Kingdom Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Fed Funds Interest Rate - Historical chart and current data through 2026.

Data was cleaned and prepared for a data visualization comparing the Federal Funds Rate to the 10-Year Breakeven Inflation Rate. The purpose of this project was to visualize a perspective of the Federal Reserve. With the Federal Reserve raising rates to control inflation, many are debating when will the Federal Reserve pause raising rates or cut rates. The 10-Year Breakeven Inflation Rate is still well above the Federal Reserve's FAIT (Flexible Average Inflation Targeting) of 2% for that reason the Federal Reserve still has room to play with the Funds Rate.

The Survey of Consumer Finances (SCF) is normally a triennial cross-sectional survey of U.S. families. The survey data include information on families' balance sheets, pensions, income, and demographic characteristics.

The benchmark interest rate in Pakistan was last recorded at 10.50 percent. This dataset provides - Pakistan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Indonesia was last recorded at 4.75 percent. This dataset provides - Indonesia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.