April 3, 2009 / 10:19 AM / 10 years ago

FACTBOX-Global interest rates in 2009

 (Updates with Indonesia rate cut)
 LONDON, April 3 (Reuters) - The European Central Bank cut its main interest
rate by 25 basis points on April 2 to 1.25 percent. As a result, the average
rate set by central banks of the Group of Seven nations fell to 0.50 percent
from 0.55 percent.
 Denmark's central bank also cut its main interest rate by 25 basis points on
April 2. As a result of this and the ECB cut, the average rate set by 11 leading
central banks -- the five that decide monetary policy for the G7 nations plus
six other major banks -- fell to 1.27 percent from 1.32 percent.
 For interest rate changes in 2008 please double click on [ID:nL2303706]
 For interest rate changes in 2007 please double click on [ID:nL0860845]
 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.
                  2009
 MONTH: END07..END08..01...02...03...04...05...06...07...08...09...10...11...12
 ------------------------------------------------------------------------------
 G7 AVG: 3.70  1.25  0.95 0.85 0.55 0.50  -    -    -    -    -    -    -    - 
 11 AVG: 4.52  2.25  1.91 1.63 1.32 1.27  -    -    -    -    -    -    -    - 
 ------------------------------------------------------------------------------
 FED     4.25 0/0.25   -    -   -    -    -    -    -    -    -    -    -    - 
 BOJ 1)  0.50  0.10    -    -   -    -    -    -    -    -    -    -    -    - 
 ECB     4.00  2.50  2.00   -  1.5  1.25  -    -    -    -    -    -    -    - 
 BOE     5.50  2.00  1.50  1.0 0.5   -    -    -    -    -    -    -    -    - 
 BOC     4.25  1.50  1.00   -  0.5   -    -    -    -    -    -    -    -    - 
 ------------------------------------------------------------------------------
 SNB 2)  2.75  0.50    -    -  0.25  -    -    -    -    -    -    -    -    - 
 RBA     6.75  4.25    -  3.25  -    -    -    -    -    -    -    -    -    - 
 RBNZ    8.25  5.00   3.5   -  3.0   -    -    -    -    -    -    -    -    - 
 RIKSBK  4.00  2.00    -   1.0  -    -    -    -    -    -    -    -    -    - 
 NORWAY  5.25  3.00    -   2.5 2.0   -    -    -    -    -    -    -    -    - 
 DENMARK 4.25  3.75   3.0   -  2.25 2.0   -    -    -    -    -    -    -    - 
 ------------------------------------------------------------------------------
 NO. OF RATE
 CHANGES: 2008: 54     5    4   7    2    -    -    -    -    -    -    -    - 
 ------------------------------------------------------------------------------
 MONTH: END07..END08..01...02...03...04...05...06...07...08...09...10...11...12
 ------------------------------------------------------------------------------
 EASTERN EUROPE:
 POLAND 5.00   5.00   4.25 4.0 3.75  -    -    -    -    -    -    -    -    - 
 HUNG   7.50   10.0   9.5   -   -    -    -    -    -    -    -    -    -    - 
 CZECH  3.50   2.25    -   1.75 -    -    -    -    -    -    -    -    -    - 
 RUSSIA 10.0   13.0    -    -   -    -    -    -    -    -    -    -    -    - 
 UKRAINE 8.0   12.0    -    -   -    -    -    -    -    -    -    -    -    - 
 ROMANIA 7.5   10.25   -   10.0 -    -    -    -    -    -    -    -    -    - 
 ------------------------------------------------------------------------------
 LATIN AMERICA:
 BRAZIL  11.25 13.75 12.75  - 11.25  -    -    -    -    -    -    -    -    - 
 MEX 3)   7.5   8.25 7.75  7.5 6.75  -    -    -    -    -    -    -    -    - 
 CHILE    6.0   8.25 7.25 4.75 2.25  -    -    -    -    -    -    -    -    - 
 COLOMBIA 9.5   9.5   9.0  8.0  -    -    -    -    -    -    -    -    -    - 
 ------------------------------------------------------------------------------
 ASIA
 KOREA   5.00  3.00  2.5   2.0  -    -    -    -    -    -    -    -    -    - 
 THAI 4) 3.25  2.75  2.0   1.5  -    -    -    -    -    -    -    -    -    - 
 PHIL    5.25  5.5   5.0    -  4.75  -    -    -    -    -    -    -    -    - 
 TAIWAN  3.375 2.0   1.5  1.25  -    -    -    -    -    -    -    -    -    - 
 INDS    8.00  9.25  8.75 8.25 7.75 7.5  -    -    -    -    -    -    -    - 
 INDIA   7.75  6.5   5.5    -  5.0   -    -    -    -    -    -    -    -    - 
 CHINA   7.47  5.31    -    -   -    -    -    -    -    -    -    -    -    - 
 (For more Asian rates please double click on [ID:nASIAINT])
 ------------------------------------------------------------------------------
 MIDDLE EAST/AFRICA:
 SARB   11.0  11.5     -  10.5 9.5   -    -    -    -    -    -    -    -    - 
 ISRAEL 4.25  1.75    1.0 0.75  -    -    -    -    -    -    -    -    -    - 
 TURKEY 15.75 15.00 13.00 11.5 10.5  -    -    -    -    -    -    -    -    - 
 ------------------------------------------------------------------------------
 MONTH:DEC07..DEC08..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 = 1-week cd 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 David Stamp)

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