Global Interest Rates & Central Bank Statistics in 1976
Global monetary policy and central bank balance sheet ledger for 1976. Inspect 11 headline monetary indicators and 9 reporting central bank policy rates recorded in 1976.
Headline Monetary Indicators in 1976
Federal Reserve
Rank #35 of 73 yrs
Federal Funds Effective Rate (United States)
1976 Reading 4.17%
YoY Change -1.20 pp
Bank of England
Rank #4 of 81 yrs
Bank of England Official Base Rate (United Kingdom)
1976 Reading 14.25%
YoY Change +3.00 pp
Bank of Japan
Rank #13 of 75 yrs
Bank of Japan Policy Interest Rate (Japan)
1976 Reading 6.50%
YoY Change 0.00 pp
Reserve Bank of Australia
Rank #17 of 51 yrs
RBA Cash Rate Target (Australia)
1976 Reading 7.20%
YoY Change -
Swiss National Bank
Rank #32 of 81 yrs
Swiss National Bank Policy Interest Rate (Switzerland)
1976 Reading 2.00%
YoY Change -1.00 pp
Bank of Canada
Rank #15 of 67 yrs
Bank of Canada Target Overnight Rate (Canada)
1976 Reading 8.50%
YoY Change -0.50 pp
Federal Reserve
Rank #23 of 113 yrs
United States Inflation Rate (CPI YoY %)
1976 Reading 5.75%
YoY Change -3.44 pp
Bank of England
Rank #6 of 113 yrs
United Kingdom Inflation Rate (CPI YoY %)
1976 Reading 15.84%
YoY Change -6.78 pp
Federal Reserve
Rank #51 of 113 yrs
Federal Reserve Balance Sheet Total Assets (USD)
1976 Reading $134.67B
YoY Change +$14.06B
Federal Reserve
Rank #51 of 66 yrs
United States Foreign Exchange & Gold Reserves (USD)
1976 Reading $44.16B
YoY Change +$1.01B
Federal Reserve
Rank #39 of 63 yrs
US Dollar (USD) Real Effective Exchange Rate (REER)
1976 Reading 90.45
YoY Change +0.90
Central Bank Policy Rates & Real Interest Rates in 1976 (9 Monetary Authorities)
| Rank | Central Bank | Country / CCY | 1976 Policy Rate | 1976 CPI Inflation | 1976 Ex-Post Real Rate |
|---|---|---|---|---|---|
| #1 | Bank of England (BOE) | United Kingdom (GBP) | 14.25% | 15.84% | -1.59% |
| #2 | Danmarks Nationalbank (DNB) | Denmark (DKK) | 11.00% | 8.87% | +2.13% |
| #3 | Reserve Bank of India (RBI) | India (INR) | 9.00% | -1.95% | +10.95% |
| #4 | Bank of Canada (BOC) | Canada (CAD) | 8.50% | 7.59% | +0.91% |
| #5 | Sveriges Riksbank (RIKSBANK) | Sweden (SEK) | 8.00% | 10.28% | -2.28% |
| #6 | Reserve Bank of Australia (RBA) | Australia (AUD) | 7.20% | 13.30% | -6.10% |
| #7 | Bank of Japan (BOJ) | Japan (JPY) | 6.50% | 9.38% | -2.88% |
| #8 | Federal Reserve (FED) | United States (USD) | 4.17% | 5.75% | -1.58% |
| #9 | Swiss National Bank (SNB) | Switzerland (CHF) | 2.00% | 1.72% | +0.28% |
Surrounding Decade Context (1971-1981)
| Year | Fed Funds | BoE Rate | BoJ Rate | US CPI | Context |
|---|---|---|---|---|---|
| 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. |
| 1979 | 14.77% | 17.00% | 6.25% | 11.22% | Second oil shock; Paul Volcker appointed Federal Reserve Chair |
| 1980 | 22.00% | 14.00% | 7.25% | 13.58% | Global monetary policy and central bank balance sheet ledger for 1980. |
| 1981 | 13.13% | 14.38% | 5.50% | 10.35% | Volcker disinflation peak pushes benchmark policy rates to postwar highs |