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Central bank policy rates in major advanced and emerging economies from January 2015 to June 2026

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Source

Release date

July 2026

Region

Worldwide

Survey time period

January 2015 to June 2026

Supplementary notes

Data refers to the last available observation of the month, which is not always the last working day of the month.

Figures for the United States refer to the mid-point of the Federal Reserve target rate. 

Citation formats

Central bank policy rates in advanced and emerging economies 2015-2026

Published by K. Scholle, Jul 14, 2026

From January 2022 to June 2026, a global trend emerged as almost all advanced and emerging economies increased their central bank policy rates. This widespread tightening of monetary policy was in response to inflationary pressures and economic challenges. However, a shift occurred in the latter half of 2025, with most countries beginning to lower their rates, signaling a new phase in the global economic cycle and monetary policy approach. Since September 2023, * consistently held the highest interest rate among the observed countries, until April 2026, when Brazil caught up at **** percent.

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Global overview

8

The Americas

6

Government bond markets

6

Europe

7

Asia Pacific

7

Other financial investments

6

Outlook

6

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Topics

Interest Rates Gross Domestic Product (GDP) worldwideInflation worldwideGlobal economyBanking in the U.S.
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