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.

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.

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.

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 Sweden was last recorded at 1.75 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.

Graph and download economic data for Interest Rate on Reserve Balances (IORB Rate) (IORB) from 2021-07-29 to 2026-03-20 about reserves, interest rate, interest, rate, and USA.

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 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.

Regularly updated dataset showing the market-implied outlook for the Bank of Canada (BoC) policy (overnight) rate. Values are derived from forward contracts on CORRA (Canadian Overnight Repo Rate Average) and may also be presented using futures-implied contracts where applicable. Includes fixed announcement dates, rate levels, and probabilities.

Context

The Turkish Lira is losing its value against U.S. Dollar constantly. As of October 22, 2021, 1 USD = 9.61 Turkish Lira (TRY). On the other hand, interest rates are quite high, especially for the Turkish Lira.

I set out to investigate if I had $100000 in 2010 and invested this money in different interest rates in both Turkish Lira (TRY) and US Dollar (USD), which investment would bring more gain in 2021.

Content

The data has been gathered from Türkiye Cumhuriyeti Merkez Bankasi (TCMB), aka the Turkish FED, website. The data shows the historical interest rates as well as USD/TRY conversion rates between July 2010 and July 2021. The original data’s all column names and relative explanations were Turkish, so the columns are renamed and the data is cleaned.

There are ten cleaned columns on the dataset: Date, 1-month TRY interest rates, 3 months TRY interest rates, 6 months TRY interest rates, 1-year TRY interest rates, 1 month USD interest rates, 3 months USD interest rates, 6 months USD interest rates, 1 year USD interest rates, USD/TRY Buying Conversion Rate, USD/TRY Selling Conversion Rate.

** USD Buying means, the customer is selling USD to the bank/ exchange office ** USD Selling means, the customer is buying USD to the bank/ exchange office

Inspiration

Would it be more beneficial if I converted my $100000 in July 2010 to Turkish Lira, which is the equivalent of 153631.36 TRY using July 2010’s rates and invested with Turkish high-interest rates or kept my money as U.S. Dollars and invested with relatively lower U.S. Dollar interest rates until July 2021? $100000 is equivalent to 861294.12 TRY in July 2021.

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.

The benchmark interest rate in Russia was last recorded at 15 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.

A table that shows in detail by CUSIP, the interest rate, the STRIP CUSIP, maturity date, and amounts outstanding for securities held in unstripped form, stripped form and amount that have been reconstituted. STRIP stands for Separate Trading of Registered Interest and Principal of Securities. This is a security that has been stripped down into separate securities representing the principal and each interest payment. Each payment has its own identification number and can be traded individually. These securities are also known as zero-coupon bonds.

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.

A table that shows in detail by CUSIP, interest rate, the issue date, maturity date, interest payment dates and amounts outstanding for unmatured Bills, Notes, Bonds, Treasury Inflation-Protected Securities and Floating Rate Notes as of the last business day of the month.

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 Taiwan was last recorded at 2 percent. This dataset provides the latest reported value for - Taiwan 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 14.75 percent. This dataset provides - Brazil Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Turkey was last recorded at 37 percent. This dataset provides the latest reported value for - Turkey Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.