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Appendices

Field Listing :: Central bank discount rate

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This entry provides the annualized interest rate a country's central bank charges commercial, depository banks for loans to meet temporary shortages of funds.
Country Comparison to the World

Country	Central bank discount rate(%)


Albania	5% (31 December 2010 est.) 5.25% (31 December 2009 est.)


Algeria	4% (31 December 2010 est.) 4% (31 December 2009 est.)


Angola	25% (31 December 2010 est.) 30% (31 December 2009 est.)


Anguilla	6.5% (31 December 2010 est.) 6.5% (31 December 2009 est.)


Antigua and Barbuda	6.5% (31 December 2010 est.) 6.5% (31 December 2009 est.)


Argentina	NA%


Armenia	NA% (31 December 2009) 7.25% (2 December 2008) note: this is the Refinancing Rate, the key monetary policy instrument of the Armenian National Bank


Aruba	1% (31 December 2010 est.) 3% (31 December 2009 est.)


Australia	4.35% (31 December 2010 est.) 3.28% (31 December 2009 est.) note: this is the Reserve Bank of Australia's "cash rate target," or policy rate


Azerbaijan	3% (31 December 2010 est.) 2% (31 December 2009 est.) note: this is the Refinancing Rate, the key policy rate for the National Bank of Azerbaijan


Bahamas, The	5.25% (31 December 2010 est.) 5.25% (31 December 2009 est.)


Bahrain	0.5% (31 December 2010 est.) 0.5% (31 December 2009 est.)


Bangladesh	5% (31 December 2010 est.) 5% (31 December 2009 est.)


Barbados	7% (31 December 2010 est.) 7% (31 December 2009 est.)


Belarus	10.5% (31 December 2010 est.) 13.5% (31 December 2009 est.)


Belgium	1.75% (31 December 2010) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Belize	18% (31 December 2010 est.) 12% (31 December 2009 est.)


Benin	4.25% (31 December 2010 est.) 4.25% (31 December 2009 est.)


Bhutan	NA%


Bolivia	3% (31 December 2010 est.) 3% (31 December 2009 est.)


Botswana	9.5% (31 December 2010 est.) 10% (31 December 2009 est.)


Brazil	10.75% (31 December 2010 est.) 8.75% (31 December 2009 est.)


Bulgaria	20% (31 December 2010 est.) 0.55% (31 December 2009 est.) note: Bulgarian National Bank (BNB) has had no independent monetary policy since the introduction of the Currency Board regime in 1997; this is BNB's base interest rate


Burkina Faso	4.25% (31 December 2010 est.) 4.25% (31 December 2009 est.)


Burma	9.95% (31 December 2010 est.) 12% (31 December 2009 est.)


Burundi	11.25% (31 December 2010 est.) 10% (31 December 2009 est.)


Cambodia	NA% (31 December 2008) 5.25% (31 December 2007)


Cameroon	NA% (31 December 2010 est.) 4.25% (31 December 2009 est.)


Canada	1% (31 December 2010 est.) 0.25% (31 December 2009 est.)


Cape Verde	7.5% (31 December 2010 est.) 7.5% (31 December 2009 est.)


Central African Republic	4.25% (31 December 2009) 4.75% (31 December 2008)


Chad	4.25% (31 December 2009) 4.75% (31 December 2008)


Chile	3.12% (31 December 2010 est.) 0.5% (31 December 2009 est.)


China	3.25% (31 December 2010 est.) 2.79% (31 December 2009 est.)


Colombia	5% (31 December 2010 est.) 5.5% (31 December 2009 est.)


Comoros	1.93% (31 December 2010 est.) 2.21% (31 December 2009 est.)


Congo, Democratic Republic of the	22% (31 December 2010 est.) 70% (31 December 2009 est.)


Congo, Republic of the	4.25% (31 December 2009) 4.75% (31 December 2008)


Costa Rica	21.5% (31 December 2010 est.) 23% (31 December 2009 est.)


Cote d'Ivoire	4.25% (31 December 2010 est.) 4.25% (31 December 2009 est.)


Croatia	9% (31 December 2010 est.) 9% (31 December 2009 est.)


Cuba	NA%


Curacao	NA%


Cyprus	1.75% (31 December 2010) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Czech Republic	0.75% (31 December 2010 est.) 1% (31 December 2009 est.) note: the two-week repo rate was 0.75% on 31 December 2010; this is the main rate CNB uses


Denmark	0.75% (31 December 2010 est.) 1% (31 December 2009 est.)


Dominica	6.5% (31 December 2010 est.) 6.5% (31 December 2009 est.)


Ecuador	8.68% (31 December 2010) 9.19% (31 December 2009)


Egypt	8.68% (31 December 2010 est.) 8.5% (31 December 2009 est.)


Equatorial Guinea	8.5% (31 December 2010 est.) 4.25% (31 December 2009 est.)


Ethiopia	NA%


European Union	1.75% (31 December 2010) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Fiji	1.75% (31 December 2010 est.) 3% (31 December 2009 est.)


Finland	1.75% (31 December 2010) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


France	1.75% (31 December 2010) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Gabon	3% (31 December 2010 est.) 4.25% (31 December 2009 est.)


Gambia, The	9% (31 December 2009) 11% (31 December 2008)


Georgia	8% (25 December 2008) NA% (31 December 2007) note: this is the Refinancing Rate, the key monetary policy rate of the Georgian National Bank


Germany	1.75% (31 December 2010) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Ghana	18% (31 December 2009) 17% (31 December 2008)


Greece	1.75% (31 December 2010) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Grenada	6.5% (31 December 2009) 6.5% (31 December 2008)


Guatemala	6.5% (31 December 2010 est.) NA% (31 December 2009 est.)


Guinea	NA% 22.25% (31 December 2005)


Guinea-Bissau	4.25% (31 December 2009) 4.75% (31 December 2008)


Guyana	4.25% (31 December 2010 est.) 6.75% (31 December 2009 est.)


Honduras	6.25% (31 December 2010) NA% (31 December 2009)


Hong Kong	0.5% (31 December 2010 est.) 0.5% (31 December 2009 est.)


Hungary	5.75% (31 December 2010) 6.25% (31 December 2009)


Iceland	5.75% (31 December 2010 est.) 14.55% (31 December 2009 est.)


India	5.5% (31 December 2010 est.) 6% (31 December 2009 est.)


Indonesia	6.37% (31 December 2010) 6.46% (31 December 2009) note: this figure represents the 3-month SBI rate; BI has not employed the one-month SBI since September 2010


Iran	NA%


Iraq	6.5% (31 December 2010 est.) 8.83% (31 December 2009 est.)


Ireland	1.75% (31 December 2010) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Israel	6.25% (31 December 2010 est.) 1.01% (31 December 2009 est.)


Italy	1.75% (31 December 2010) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Jamaica	2% (31 December 2010 est.) NA% (31 December 2009 est.)


Japan	0.3% (31 December 2009) 0.3% (31 December 2008)


Jordan	0.3% (31 December 2010 est.) 4.75% (31 December 2009 est.)


Kazakhstan	4.25% (31 December 2010 est.) 7% (31 December 2009 est.)


Kenya	7% (31 December 2010 est.) NA% (31 December 2009 est.)


Korea, South	1.25% (31 December 2009) 1.75% (31 December 2008)


Kuwait	1.25% (31 December 2010 est.) 3% (31 December 2009 est.)


Kyrgyzstan	2.5% (31 December 2010 est.) 15.11% (31 December 2009 est.)


Laos	4.3% (31 December 2010) 4% (31 December 2009)


Latvia	4% (31 December 2009) 6% (31 December 2008)


Lebanon	3.5% (31 December 2010 est.) 10% (31 December 2009 est.)


Lesotho	10% (31 December 2010 est.) 10.66% (31 December 2009 est.)


Libya	9.52% (31 December 2010 est.) 3% (31 December 2009 est.)


Lithuania	3% (31 December 2010 est.) 2.06% (31 December 2009 est.)


Luxembourg	1.75% (31 December 2010) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Macedonia	1.75% (31 December 2010 est.) 6.5% (31 December 2009 est.) note: series discontinued in January 2010. Discount rate was replaced by a referent rate for calculating the penalty rate: 4.0% (31 December 2010)


Madagascar	5% (31 December 2010 est.) NA% (31 December 2009 est.)


Malawi	15% (31 December 2009) 15% (31 December 2008)


Malaysia	2.83% (31 December 2010) 2% (31 December 2009 est.)


Maldives	2.75% (31 December 2010 est.) 16% (31 December 2009 est.)


Mali	16% (31 December 2010 est.) 4.25% (31 December 2009 est.)


Malta	1.75% (31 December 2010 est.) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Mauritania	9% (31 December 2009 est.) 12% (31 December 2007)


Mauritius	9% (31 December 2010 est.) NA% (31 December 2009 est.)


Mexico	NA% (31 December 2010 est.) 4.5% (31 December 2009 est.)


Mongolia	10.99% (31 December 2010) 10.82% (31 December 2009 est.)


Montserrat	10.99% (31 December 2010 est.) 6.5% (31 December 2009 est.)


Morocco	6.5% (31 December 2010 est.) 3.31% (31 December 2009 est.)


Mozambique	3.25% (31 December 2010 est.) 9.95% (31 December 2009 est.)


Namibia	12% (31 December 2010 est.) 7% (31 December 2009 est.)


Nepal	6% (31 December 2010 est.) 6.5% (31 December 2009 est.)


Netherlands	1.75% (31 December 2010) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


New Zealand	2.5% (31 December 2009) 5% (31 December 2008)


Nicaragua	3% (31 December 2010 est.) NA% (31 December 2008)


Niger	4.25% (31 December 2009) 4.75% (31 December 2008)


Nigeria	4.25% (31 December 2010 est.) 6% (31 December 2009 est.)


Norway	6.25% (31 December 2010 est.) 1.75% (31 December 2009 est.)


Oman	2% (31 December 2010 est.) 0.05% (31 December 2009 est.)


Pakistan	0.07% (31 December 2010 est.) 12.5% (31 December 2009 est.)


Papua New Guinea	14% (31 December 2010 est.) 6.92% (31 December 2009 est.)


Paraguay	6% (31 December 2010 est.) 20% (31 December 2009 est.)


Peru	3.8% (31 December 2010) 2.05% (31 December 2009 est.)


Philippines	3.8% (31 December 2010 est.) 3.5% (31 December 2009 est.)


Poland	4% (31 December 2010 est.) 3.5% (31 December 2009 est.)


Portugal	1.75% (31 December 2010) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Qatar	3.5% (31 December 2010 est.) 5.5% (31 December 2009 est.)


Romania	NA%


Russia	5.5% (31 December 2010 est.) 8.75% (31 December 2009 est.)


Rwanda	7.75% (31 December 2010 est.) 11.25% (31 December 2008)


Saint Kitts and Nevis	6.5% (31 December 2009) 6.5% (31 December 2008)


Saint Lucia	6.5% (31 December 2010 est.) 6.5% (31 December 2009 est.)


Saint Vincent and the Grenadines	6.5% (31 December 2010 est.) 6.5% (31 December 2009 est.)


Sao Tome and Principe	16% (31 December 2009) 28% (31 December 2008)


Saudi Arabia	2.5% (31 December 2008)


Senegal	0.25% (31 December 2010 est.) 4.25% (31 December 2009 est.)


Serbia	12% (17 January 2011) 9.92% (31 December 2009 est.)


Seychelles	11.17% (31 December 2010 est.) NA% (31 December 2009 est.)


Sierra Leone	NA%


Singapore	NA% (31 December 2010 est.) 0.27% (31 December 2009 est.)


Slovakia	1.75% (31 December 2010 est.) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks from the euro area; as of 1 January 2009 Slovakia became a member of the Economic and Monetary Union (EMU)


Slovenia	1.75% (31 December 2010) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Somalia	NA%


South Africa	7% (31 December 2009) 11.5% (31 December 2008)


Spain	1.75% (31 December 2010) 1.75% (31 December 2009) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Sri Lanka	5.5% (31 December 2010 est.) 15% (31 December 2009 est.)


Swaziland	6.5% (31 December 2010 est.) 6.5% (31 December 2009 est.)


Sweden	5.5% (31 December 2010 est.) 0.5% (31 December 2009 est.)


Switzerland	0.5% (31 December 2010 est.) 0.75% (31 December 2009 est.)


Syria	0.75% (31 December 2010 est.) 5% (31 December 2009 est.)


Taiwan	1.625% (31 December 2010) 1.25% (February 2009)


Tajikistan	5% (31 December 2010 est.) 8% (31 December 2009 est.)


Tanzania	8.25% (31 December 2010 est.) 3.7% (31 December 2009 est.)


Thailand	7.58% (31 December 2010 est.) 1.75% (31 December 2009 est.)


Togo	2.5% (31 December 2010 est.) 4.25% (31 December 2009 est.)


Trinidad and Tobago	4.25% (31 December 2010 est.) 7.25% (31 December 2009 est.)


Tunisia	5.75% (31 December 2010 est.) NA% (31 December 2009 est.)


Turkey	15% (22 December 2009) 25% (31 December 2008)


Uganda	14% (31 December 2010 est.) 9.65% (31 December 2009 est.)


Ukraine	11.97% (31 December 2010 est.) 10.25% (31 December 2009 est.)


United Arab Emirates	NA%


United Kingdom	7.75% (31 December 2010 est.) 0.5% (31 December 2009 est.)


United States	0.5% (31 December 2010) 0.5% (31 December 2009)


Uruguay	20% (31 December 2010) 20% (31 December 2009 est.)


Vanuatu	20% (31 December 2010 est.) 6% (31 December 2009 est.)


Venezuela	29.5% (31 December 2009) 33.5% (31 December 2008)


Vietnam	7% (31 December 2010) 8% (31 December 2009 est.)


Yemen	NA%


Zambia	8.39% (31 December 2009) 14.49% (31 December 2008)


Zimbabwe	7.17% (31 December 2010 est.) 975% (31 December 2007)

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