FACTBOX-Global interest rates in 2010
(Updates with India rate rise)
LONDON, March 2 (Reuters) - Australia's central bank raised its cash rate by 25 basis points to 4.0 percent on March 2 and flagged further hikes ahead.
As a result the average rate set by 11 leading central banks -- the five that decide monetary policy for the G7 nations plus six other major banks -- rose to 1.07 percent from 1.05 percent.
On May 7 last year, the European Central Bank cut its main interest rate by 25 basis points to 1.0 percent. As a result, the average rate set by central banks of the Group of Seven nations fell to 0.40 percent from 0.45 percent.
The following table of average rates is aimed at reflecting the movement of official policy rates during the economic cycle rather than actual borrowing costs.
2010 MONTH: END08..END09..01...02...03...04...05...06...07...08...09...10...11...12 ------------------------------------------------------------------------------ G7 AVG: 1.25 0.40 0.40 - - - - - - - - - - - 11 AVG: 2.25 1.08 1.07 - - - - - - - - - - - ------------------------------------------------------------------------------ FED 0/0.25 0/.25 - - - - - - - - - - - - BOJ 0.10 0.10 - - - - - - - - - - - - ECB 2.50 1.0 - - - - - - - - - - - - BOE 2.00 0.5 - - - - - - - - - - - - BOC 1.50 0.25 - - - - - - - - - - - - ------------------------------------------------------------------------------ SNB 0.50 0.25 - - - - - - - - - - - - RBA 4.25 3.75 - - 4.0 - - - - - - - - - RBNZ 5.00 2.5 - - - - - - - - - - - - RIKSBK 2.00 0.25 - - - - - - - - - - - - NORWAY 3.00 1.75 - - - - - - - - - - - - DENMARK 3.75 1.20 1.05 - - - - - - - - - - - ------------------------------------------------------------------------------ NO. OF RATE CHANGES: 2009: 35 1 - - - - - - - - - - - ------------------------------------------------------------------------------ MONTH: END08..END09..01...02...03...04...05...06...07...08...09...10...11...12 ------------------------------------------------------------------------------ EASTERN EUROPE: POLAND 5.00 3.5 - - - - - - - - - - - - HUNG 10.0 6.25 6.0 5.75 - - - - - - - - - - CZECH 2.25 1.0 - - - - - - - - - - - - RUSSIA 13.0 8.75 - 8.5 - - - - - - - - - - UKRAINE12.0 10.25 - - - - - - - - - - - - ROMANIA10.25 8.0 7.5 7.0 - - - - - - - - - - ------------------------------------------------------------------------------ LATIN AMERICA: BRAZIL 13.75 8.75 - - - - - - - - - - - - MEXICO 8.25 4.5 - - - - - - - - - - - - CHILE 8.25 0.5 - - - - - - - - - - - - COLOMBIA 9.5 3.5 - - - - - - - - - - - - ------------------------------------------------------------------------------ ASIA KOREA 3.0 2.0 - - - - - - - - - - - - THAI 2.75 1.25 - - - - - - - - - - - - PHIL 5.5 4.0 - - - - - - - - - - - - TAIWAN 2.0 1.25 - - - - - - - - - - - - INDS 9.25 6.5 - - - - - - - - - - - - INDIA 6.5 4.75 - - 5.0 - - - - - - - - - CHINA 5.31 5.31 - - - - - - - - - - - - (For more Asian rates please double click on [ID:nASIAINT]) ------------------------------------------------------------------------------ MIDDLE EAST/AFRICA: SARB 11.5 7.0 - - - - - - - - - - - - ISRAEL 1.75 1.25 - - - - - - - - - - - - TURKEY 15.0 6.5 - - - - - - - - - - - - ------------------------------------------------------------------------------ MONTH:DEC08..DEC09..01...02...03...04...05...06...07...08...09...10...11...12
NOTES:
If rates change more than once a month, the last rate for that month is listed.
The Swiss National Bank targets a range for the three-month Swiss franc LIBOR rate. It currently targets roughly the midpoint of that range. ------------------------------------------------------------------------------
INTEREST RATES. (All the interest rates are policy rates identified by each central bank):
GROUP OF SEVEN CENTRAL BANKS:
U.S FEDERAL RESERVE = federal funds rate
BANK OF JAPAN = overnight call rate
EUROPEAN CENTRAL BANK = refi rate
BANK OF ENGLAND = bank rate
BANK OF CANADA = overnight funding rate
MAJOR CENTRAL BANKS:
SWISS NATIONAL BANK = 3-month Swiss Libor
RESERVE BANK OF AUSTRALIA = cash rate
RESERVE BANK OF NEW ZEALAND = cash rate
SWEDISH RIKSBANK = repo rate
NORGES BANK = deposit rate
DENMARKS NATIONALBANK = Lending rate
CENTRAL AND EASTERN EUROPE:
NATIONAL BANK OF POLAND (NBP): 28-day intervention rate
NATIONAL BANK OF HUNGARY: (NBH) 2-week deposit rate
CZECH NATIONAL BANK (CNB): 2-week repo rate
CENTRAL BANK OF RUSSIAN FEDERATION (CBR): refinancing rate
NATIONAL BANK OF UKRAINE (NBU): discount rate
NATIONAL BANK OF ROMANIA (NBR): monetary policy rate
LATIN AMERICA:
CENTRAL BANK OF BRASIL (BCB): Selic rate
CENTRAL BANK OF CHILE (BCC): Discount rate
BANK OF MEXICO: Overnight lending rate
CENTRAL BANK OF COLOMBIA: Intervention rate
ASIA:
BANK OF KOREA: Overnight call rate
BANK OF THAILAND: 1-day repurchase (repo) rate.
CENTRAL BANK OF PHILIPPINES: Overnight borrowing rate
CENTRAL BANK OF CHINA (TAIWAN): Discount rate
BANK INDONESIA: Bank Indonesia (BI) reference rate
RESERVE BANK OF INDIA: Repo rate
PEOPLE'S BANK OF CHINA: One-year yuan lending rate
MIDDLE EAST/AFRICA:
SOUTH AFRICAN RESERVE BANK: Repurchase rate
BANK OF ISRAEL: Short-term lending rate
CENTRAL BANK OF TURKEY: Overnight borrowing
(editing by Mike Peacock)
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