World Central Banks

The Bank of Japan left its key short-term interest rate unchanged at -0.1%

But increased the annual pace of ETF buying to JPY 12 trillion from JPY 6 trillion and other risky assets to contain the economic fallout from the COVID-19 pandemic.

The Federal Reserve lowered the target range for its federal funds rate by 100bps to 0-0.25%

The Federal Reserve launched a massive $700 billion quantitative easing program during an emergency move on March 15th to protect the US economy from the effects of the coronavirus.

The Bank of England unexpectedly cut the key interest rate by 50bps to 0.25%

The central bank said the rate cut will help to support business and consumer confidence at a difficult time, to bolster the cash flows of businesses and households, and to reduce the cost, and to improve the availability, of finance.

The Bank of Canada cut its benchmark interest rate by 50 bps to 1.25%

Bringing borrowing costs to the lowest since June 2018.

The Reserve Bank of Australia lowered the cash rate by 25bps to a new record low of 0.5%

Policymakers noted that the outbreak is having a significant effect on the Australian economy, particularly in the education and travel sectors

Interest rates

Country Rate Value
USA Federal Funds 0,25 %
Switzerland 3 Month LIBOR Range -0.75 %
United Kingdom Repo Rate 0,25 %
EU Refinancing Tender 0,00 %
Japan Overnight Call Rate -0,10 %
New Zealand Official Cash Rate 1 %
Australia Cash Rate 0,50 %
Canada Overnight Rate Target 1,25 %
All rates
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