Global Monetary Policy, Explained Through Primary Data.
An independent statistical reference archive of official central bank policy rates, ex-post real interest rates, consolidated balance sheet assets, monetary gold & foreign exchange reserves, and real effective exchange rates from 1914 to 2026.
20 Central Banks at a Glance
| Monetary Authority | CCY | Policy Rate | CPI (YoY) | Real Policy Rate | Balance Sheet ($B) | Assets (% GDP) | FX & Gold Reserves | REER (2020=100) |
|---|---|---|---|---|---|---|---|---|
| Federal Reserve United States · Target: 2.0% (PCE Price Index) | USD | 3.88% Sep 2026 | 3.40% | +0.48% | $6,738.2B | 21.2% | $1,385.5B | 107.1 |
| European Central Bank Euro Area · Target: 2.0% Medium-Term (HICP) | EUR | 2.50% Sep 2026 | 3.25% | -0.75% | $6,823.5B | 39.0% | $2,106.2B | 103.3 |
| Bank of Japan Japan · Target: 2.0% Price Stability Target | JPY | 1.25% Sep 2026 | 1.90% | -0.65% | $4,020.9B | 94.3% | $1,371.4B | 66.6 |
| Bank of England United Kingdom · Target: 2.0% (CPI 12-Month) | GBP | 3.75% Sep 2026 | 3.09% | +0.66% | $1,080.8B | 25.8% | $214.4B | 111.5 |
| Swiss National Bank Switzerland · Target: 0.0%-2.0% Price Stability Range | CHF | 0.00% Sep 2026 | 0.81% | -0.81% | $1,148.0B | 102.5% | $1,075.7B | 98.4 |
| Bank of Canada Canada · Target: 2.0% Midpoint (1.0%-3.0% Band) | CAD | 2.25% Sep 2026 | 3.03% | -0.78% | $166.4B | 7.0% | $125.6B | 95.6 |
| Reserve Bank of Australia Australia · Target: 2.0%-3.0% Medium-Term Band | AUD | 4.60% Sep 2026 | 3.94% | +0.66% | $251.0B | 12.9% | $72.6B | 116.1 |
| People's Bank of China China · Target: ~3.0% Annual CPI Ceiling | CNY | 3.00% Sep 2026 | 0.80% | +2.20% | $7,285.2B | 34.4% | $3,748.7B | 91.9 |
| Reserve Bank of India India · Target: 4.0% (±2.0% Tolerance Band) | INR | 5.25% Sep 2026 | 4.44% | +0.81% | $921.5B | 26.1% | $700.1B | 90.2 |
| Central Bank of Brazil Brazil · Target: 3.0% (±1.5% Tolerance Interval) | BRL | 13.75% Sep 2026 | 4.22% | +9.53% | $970.8B | 38.1% | $358.5B | 117.2 |
| Reserve Bank of New Zealand New Zealand · Target: 1.0%-3.0% Medium-Term Band (2.0% Midpoint) | NZD | 2.75% Sep 2026 | 4.06% | -1.31% | $42.9B | 17.6% | $28.2B | 100.2 |
| Sveriges Riksbank Sweden · Target: 2.0% CPIF Target | SEK | 1.75% Sep 2026 | 0.31% | +1.44% | $90.3B | 13.7% | $74.2B | 93.4 |
| Norges Bank Norway · Target: 2.0% Operational Target | NOK | 4.50% Sep 2026 | 3.29% | +1.21% | $98.9B | 16.8% | $85.5B | 103.2 |
| Danmarks Nationalbank Denmark · Target: Fixed Exchange Rate Policy (ERM II EUR Peg) | DKK | 2.10% Sep 2026 | 2.05% | +0.05% | $113.9B | 23.3% | $127.8B | 95.8 |
| Bank of Korea South Korea · Target: 2.0% CPI Target | KRW | 3.00% Sep 2026 | 2.79% | +0.21% | $399.2B | 21.3% | $436.6B | 92.7 |
| Bank of Mexico Mexico · Target: 3.0% (±1.0% Variability Interval) | MXN | 6.50% Sep 2026 | 3.26% | +3.24% | $293.6B | 14.7% | $256.2B | 140.3 |
| South African Reserve Bank South Africa · Target: 3.0%-6.0% Target Range (4.5% Midpoint) | ZAR | 7.25% Sep 2026 | 4.26% | +2.99% | $76.8B | 17.7% | $76.0B | 113.9 |
| National Bank of Poland Poland · Target: 2.5% (±1.0% Tolerance Band) | PLN | 3.75% Sep 2026 | 3.26% | +0.49% | $324.6B | 30.5% | $271.8B | 125.5 |
| Bank Indonesia Indonesia · Target: 2.5% (±1.0% Corridor) | IDR | 5.75% Sep 2026 | 3.19% | +2.56% | $274.2B | 19.1% | $156.5B | 87.8 |
| Central Bank of Chile Chile · Target: 3.0% Over Two-Year Horizon | CLP | 4.50% Sep 2026 | 4.13% | +0.37% | $57.5B | 15.1% | $49.5B | 98.9 |
Benchmark Monetary & Reserve Trajectories
China Foreign Exchange & Gold Reserves (USD) (1977-2025) →
USD BillionsBrowse by Indicator (120 Series)
Central Bank Interest Rates
Official central bank benchmark interest rates, historical rate hike and easing cycles, and CPI-adjusted real policy rates across 20 monetary authorities.
- FED Policy Rate 3.88%
- ECB Policy Rate 2.50%
- BOJ Policy Rate 1.25%
- BOE Policy Rate 3.75%
Central Bank Balance Sheets (USD)
Consolidated central bank total assets converted into US dollars ($ billions), tracking quantitative easing (QE), quantitative tightening (QT), and liquidity operations.
- FED Balance Sheet ($B) $6,738.19B
- ECB Balance Sheet ($B) $6,823.52B
- BOJ Balance Sheet ($B) $4,020.94B
- BOE Balance Sheet ($B) $1,080.80B
Central Bank Assets Share of GDP
Central bank total assets measured as a percentage of nominal domestic GDP, normalizing balance sheet footprint across advanced and emerging economies.
- FED Assets (% GDP) 21.24%
- ECB Assets (% GDP) 39.00%
- BOJ Assets (% GDP) 94.35%
- BOE Assets (% GDP) 25.78%
Consumer Price Inflation Rates & Targets
Long-run year-on-year consumer price inflation (CPI) compared against official central bank inflation targets and tolerance bands.
- United States Inflation Rate 3.40%
- Euro Area Inflation Rate 3.25%
- Japan Inflation Rate 1.90%
- United Kingdom Inflation Rate 3.09%
Foreign Exchange & Gold Reserves
Total international reserves including monetary gold, foreign exchange holdings, SDRs, and IMF reserve positions in current US dollars.
- United States FX Reserves ($B) $1,385.45B
- Euro Area FX Reserves ($B) $2,106.15B
- Japan FX Reserves ($B) $1,371.40B
- United Kingdom FX Reserves ($B) $214.36B
Real Effective Exchange Rates (REER)
BIS trade-weighted Real Effective Exchange Rate (REER) indices (2020 = 100), measuring inflation-adjusted multilateral currency valuation.
- USD REER Index 107.11
- EUR REER Index 103.27
- JPY REER Index 66.61
- GBP REER Index 111.48