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Cross-Border Monetary Divergence · 15 Pre-Built Spreads + Custom Comparator

Central Bank Rate Differentials & Series Comparator

Policy rate spreads (`bps`) drive global capital flows, carry trades, and currency valuation. Inspect our 15 pre-built bilateral central bank rate differential ledgers below, or compare any two of our 120 primary monetary series on a dual-axis timeline.

15 Canonical Bilateral Policy Rate Spreads (`bps`)

Bilateral Pair Span Bank A Rate Bank B Rate Current Spread Max Spread (Yr) Min Spread (Yr)
Federal Reserve vs. ECB Interest Rate Differential FED minus ECB (USD/EUR) 1999–2026 3.88% 2.50% +138 bps +250 bps (1999) -238 bps (2008)
Federal Reserve vs. Bank of Japan Interest Rate Differential FED minus BOJ (USD/JPY) 1954–2026 3.88% 1.25% +263 bps +1475 bps (1980) -540 bps (1957)
Federal Reserve vs. Bank of England Interest Rate Differential FED minus BOE (USD/GBP) 1954–2026 3.88% 3.75% +13 bps +800 bps (1980) -1008 bps (1976)
RBA vs. Federal Reserve Cash Rate Differential RBA minus FED (AUD/USD) 1976–2026 4.60% 3.88% +72 bps +1125 bps (1985) -950 bps (1980)
Bank of Canada vs. Federal Reserve Interest Rate Spread BOC minus FED (CAD/USD) 1960–2026 2.25% 3.88% -163 bps +488 bps (1974) -474 bps (1980)
Swiss National Bank vs. ECB Interest Rate Differential SNB minus ECB (CHF/EUR) 1999–2026 0.00% 2.50% -250 bps -13 bps (2013) -275 bps (2023)
Federal Reserve vs. China PBoC Interest Rate Spread FED minus PBOC (USD/CNY) 1996–2026 3.88% 3.00% +88 bps +193 bps (2023) -644 bps (2011)
RBA vs. RBNZ Tasman Cash Rate Differential RBA minus RBNZ (AUD/NZD) 1985–2026 4.60% 2.75% +185 bps +440 bps (1989) -1225 bps (1986)
Bank of England vs. ECB Interest Rate Spread BOE minus ECB (GBP/EUR) 1999–2026 3.75% 2.50% +125 bps +275 bps (2004) -50 bps (2008)
Federal Reserve vs. India RBI Repo Rate Differential FED minus RBI (USD/INR) 1954–2026 3.88% 5.25% -137 bps +1300 bps (1980) -900 bps (1992)
Federal Reserve vs. Brazil SELIC Interest Rate Differential FED minus BCB (USD/BRL) 1986–2026 3.88% 13.75% -987 bps -188 bps (2020) -10347596 bps (1989)
Sweden Riksbank vs. ECB Interest Rate Spread RIKSBANK minus ECB (SEK/EUR) 1999–2026 1.75% 2.50% -75 bps +100 bps (2002) -75 bps (2000)
Norway Norges Bank vs. ECB Interest Rate Differential NORGES minus ECB (NOK/EUR) 1999–2026 4.50% 2.50% +200 bps +375 bps (2002) -25 bps (2004)
Federal Reserve vs. South Korea Base Rate Spread FED minus BOK (USD/KRW) 1999–2026 3.88% 3.00% +88 bps +188 bps (2023) -313 bps (2011)
Federal Reserve vs. Mexico Banxico Interest Rate Spread FED minus BANXICO (USD/MXN) 1998–2026 3.88% 6.50% -262 bps -177 bps (2006) -2839 bps (1998)

Interactive Dual-Series Timeline Comparator (All 120 Series)

Comparing US Federal Funds Rate vs. ECB Main Policy Rate Dual-scale annual history