Global Interest Rates & Central Bank Statistics in 1966
Credit crunch of 1966 and monetary tightening Inspect 10 headline monetary indicators and 8 reporting central bank policy rates recorded in 1966.
Headline Monetary Indicators in 1966
Federal Reserve
Rank #26 of 73 yrs
Federal Funds Effective Rate (United States)
1966 Reading 5.00%
YoY Change +0.37 pp
Bank of England
Rank #23 of 81 yrs
Bank of England Official Base Rate (United Kingdom)
1966 Reading 7.00%
YoY Change +1.00 pp
Bank of Japan
Rank #28 of 75 yrs
Bank of Japan Policy Interest Rate (Japan)
1966 Reading 5.48%
YoY Change 0.00 pp
Swiss National Bank
Rank #18 of 81 yrs
Swiss National Bank Policy Interest Rate (Switzerland)
1966 Reading 3.50%
YoY Change +1.00 pp
Bank of Canada
Rank #28 of 67 yrs
Bank of Canada Target Overnight Rate (Canada)
1966 Reading 5.25%
YoY Change +0.50 pp
Federal Reserve
Rank #49 of 113 yrs
United States Inflation Rate (CPI YoY %)
1966 Reading 3.01%
YoY Change +1.43 pp
Bank of England
Rank #42 of 113 yrs
United Kingdom Inflation Rate (CPI YoY %)
1966 Reading 4.00%
YoY Change -0.26 pp
Federal Reserve
Rank #61 of 113 yrs
Federal Reserve Balance Sheet Total Assets (USD)
1966 Reading $67.56B
YoY Change +$4.17B
Federal Reserve
Rank #64 of 66 yrs
United States Foreign Exchange & Gold Reserves (USD)
1966 Reading $14.95B
YoY Change $-0.55B
Federal Reserve
Rank #6 of 63 yrs
US Dollar (USD) Real Effective Exchange Rate (REER)
1966 Reading 113.85
YoY Change -1.20
Central Bank Policy Rates & Real Interest Rates in 1966 (8 Monetary Authorities)
| Rank | Central Bank | Country / CCY | 1966 Policy Rate | 1966 CPI Inflation | 1966 Ex-Post Real Rate |
|---|---|---|---|---|---|
| #1 | Bank of England (BOE) | United Kingdom (GBP) | 7.00% | 4.00% | +3.00% |
| #2 | Danmarks Nationalbank (DNB) | Denmark (DKK) | 6.50% | 7.10% | -0.60% |
| #3 | Reserve Bank of India (RBI) | India (INR) | 6.00% | 12.00% | -6.00% |
| #4 | Sveriges Riksbank (RIKSBANK) | Sweden (SEK) | 6.00% | 6.43% | -0.43% |
| #5 | Bank of Japan (BOJ) | Japan (JPY) | 5.48% | 4.99% | +0.49% |
| #6 | Bank of Canada (BOC) | Canada (CAD) | 5.25% | 3.81% | +1.44% |
| #7 | Federal Reserve (FED) | United States (USD) | 5.00% | 3.01% | +1.99% |
| #8 | Swiss National Bank (SNB) | Switzerland (CHF) | 3.50% | 4.78% | -1.28% |
Surrounding Decade Context (1961-1971)
| Year | Fed Funds | BoE Rate | BoJ Rate | US CPI | Context |
|---|---|---|---|---|---|
| 1961 | 2.50% | 6.00% | 7.30% | 1.07% | Global monetary policy and central bank balance sheet ledger for 1961. |
| 1962 | 3.00% | 4.50% | 6.57% | 1.20% | Global monetary policy and central bank balance sheet ledger for 1962. |
| 1963 | 3.25% | 4.00% | 5.84% | 1.24% | Global monetary policy and central bank balance sheet ledger for 1963. |
| 1964 | 4.00% | 7.00% | 6.57% | 1.28% | Global monetary policy and central bank balance sheet ledger for 1964. |
| 1965 | 4.63% | 6.00% | 5.48% | 1.58% | Global monetary policy and central bank balance sheet ledger for 1965. |
| 1966 | 5.00% | 7.00% | 5.48% | 3.01% | Credit crunch of 1966 and monetary tightening |
| 1967 | 4.50% | 8.00% | 5.84% | 2.77% | Global monetary policy and central bank balance sheet ledger for 1967. |
| 1968 | 4.00% | 7.00% | 5.84% | 4.27% | Global monetary policy and central bank balance sheet ledger for 1968. |
| 1969 | 5.00% | 8.00% | 6.25% | 5.46% | Global monetary policy and central bank balance sheet ledger for 1969. |
| 1970 | 3.00% | 7.00% | 6.00% | 5.84% | Global monetary policy and central bank balance sheet ledger for 1970. |
| 1971 | 3.00% | 5.00% | 4.75% | 4.30% | Nixon Shock suspends USD gold convertibility; Bretton Woods system ends |