Global Interest Rates & Central Bank Statistics in 1973
Global monetary policy and central bank balance sheet ledger for 1973. Inspect 10 headline monetary indicators and 8 reporting central bank policy rates recorded in 1973.
Headline Monetary Indicators in 1973
Federal Reserve
Rank #7 of 73 yrs
Federal Funds Effective Rate (United States)
1973 Reading 9.83%
YoY Change +4.33 pp
Bank of England
Rank #7 of 81 yrs
Bank of England Official Base Rate (United Kingdom)
1973 Reading 13.00%
YoY Change +4.00 pp
Bank of Japan
Rank #1 of 75 yrs
Bank of Japan Policy Interest Rate (Japan)
1973 Reading 9.00%
YoY Change +4.75 pp
Swiss National Bank
Rank #7 of 81 yrs
Swiss National Bank Policy Interest Rate (Switzerland)
1973 Reading 4.50%
YoY Change +0.75 pp
Bank of Canada
Rank #21 of 67 yrs
Bank of Canada Target Overnight Rate (Canada)
1973 Reading 7.25%
YoY Change +2.50 pp
Federal Reserve
Rank #19 of 113 yrs
United States Inflation Rate (CPI YoY %)
1973 Reading 6.16%
YoY Change +2.89 pp
Bank of England
Rank #18 of 113 yrs
United Kingdom Inflation Rate (CPI YoY %)
1973 Reading 9.32%
YoY Change +2.12 pp
Federal Reserve
Rank #54 of 113 yrs
Federal Reserve Balance Sheet Total Assets (USD)
1973 Reading $103.66B
YoY Change +$10.14B
Federal Reserve
Rank #53 of 66 yrs
United States Foreign Exchange & Gold Reserves (USD)
1973 Reading $33.70B
YoY Change +$13.13B
Federal Reserve
Rank #33 of 63 yrs
US Dollar (USD) Real Effective Exchange Rate (REER)
1973 Reading 94.81
YoY Change -8.84
Central Bank Policy Rates & Real Interest Rates in 1973 (8 Monetary Authorities)
| Rank | Central Bank | Country / CCY | 1973 Policy Rate | 1973 CPI Inflation | 1973 Ex-Post Real Rate |
|---|---|---|---|---|---|
| #1 | Bank of England (BOE) | United Kingdom (GBP) | 13.00% | 9.32% | +3.68% |
| #2 | Federal Reserve (FED) | United States (USD) | 9.83% | 6.16% | +3.67% |
| #3 | Bank of Japan (BOJ) | Japan (JPY) | 9.00% | 11.55% | -2.55% |
| #4 | Danmarks Nationalbank (DNB) | Denmark (DKK) | 9.00% | 9.28% | -0.28% |
| #5 | Bank of Canada (BOC) | Canada (CAD) | 7.25% | 7.47% | -0.22% |
| #6 | Reserve Bank of India (RBI) | India (INR) | 7.00% | 16.30% | -9.30% |
| #7 | Sveriges Riksbank (RIKSBANK) | Sweden (SEK) | 5.00% | 6.71% | -1.71% |
| #8 | Swiss National Bank (SNB) | Switzerland (CHF) | 4.50% | 8.73% | -4.23% |
Surrounding Decade Context (1968-1978)
| Year | Fed Funds | BoE Rate | BoJ Rate | US CPI | Context |
|---|---|---|---|---|---|
| 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 |
| 1972 | 5.50% | 9.00% | 4.25% | 3.27% | Global monetary policy and central bank balance sheet ledger for 1972. |
| 1973 | 9.83% | 13.00% | 9.00% | 6.16% | Global monetary policy and central bank balance sheet ledger for 1973. |
| 1974 | 3.87% | 11.50% | 9.00% | 11.03% | First OPEC oil shock triggers global stagflation and steep policy rate hikes |
| 1975 | 5.37% | 11.25% | 6.50% | 9.19% | Global monetary policy and central bank balance sheet ledger for 1975. |
| 1976 | 4.17% | 14.25% | 6.50% | 5.75% | Global monetary policy and central bank balance sheet ledger for 1976. |
| 1977 | 6.53% | 7.00% | 4.25% | 6.50% | Global monetary policy and central bank balance sheet ledger for 1977. |
| 1978 | 10.84% | 12.50% | 3.50% | 7.62% | Global monetary policy and central bank balance sheet ledger for 1978. |