Current policy rates
| Central bank | Policy rate | Last move | 12-month change | Moves in 12 months |
|---|---|---|---|---|
| Federal Reserve Fed funds target (midpoint) | 3.75–4.00% | +25 bp · Sep 17, 2026 | −25 bp | 3 |
| European Central Bank Deposit facility rate | 2.50% | +25 bp · Sep 16, 2026 | +50 bp | 2 |
| Bank of Japan Policy rate | 1.25% | +25 bp · Sep 24, 2026 | +75 bp | 3 |
| Bank of England Bank Rate | 3.75% | −25 bp · Dec 18, 2025 | −25 bp | 1 |
| Bank of Canada Overnight rate target | 2.25% | −25 bp · Oct 30, 2025 | −25 bp | 1 |
| Reserve Bank of Australia Cash rate target | 4.60% | +25 bp · Sep 30, 2026 | +100 bp | 4 |
| Swiss National Bank SNB policy rate | 0.00% | −25 bp · Jun 20, 2025 | 0 bp | 0 |
| People's Bank of China 1-year Loan Prime Rate | 3.00% | −10 bp · May 20, 2025 | 0 bp | 0 |
Source: BIS central bank policy rates; ECB deposit facility rate from the ECB. Fed: target range (BIS records its midpoint). Each bank’s page notes changes in how its rate is measured.
Fed, ECB, BoE and BoJ: the last 10 years
Each line steps on the day a new rate took effect.