Global Interest Rates & Central Bank Statistics in 1984
Global monetary policy and central bank balance sheet ledger for 1984. Inspect 11 headline monetary indicators and 10 reporting central bank policy rates recorded in 1984.
Headline Monetary Indicators in 1984
Federal Reserve
Rank #8 of 73 yrs
Federal Funds Effective Rate (United States)
1984 Reading 8.74%
YoY Change -1.18 pp
Bank of England
Rank #16 of 81 yrs
Bank of England Official Base Rate (United Kingdom)
1984 Reading 9.50%
YoY Change +0.44 pp
Bank of Japan
Rank #33 of 75 yrs
Bank of Japan Policy Interest Rate (Japan)
1984 Reading 5.00%
YoY Change 0.00 pp
Reserve Bank of Australia
Rank #8 of 51 yrs
RBA Cash Rate Target (Australia)
1984 Reading 11.25%
YoY Change +5.25 pp
Swiss National Bank
Rank #9 of 81 yrs
Swiss National Bank Policy Interest Rate (Switzerland)
1984 Reading 4.00%
YoY Change 0.00 pp
Bank of Canada
Rank #8 of 67 yrs
Bank of Canada Target Overnight Rate (Canada)
1984 Reading 10.09%
YoY Change +0.13 pp
Federal Reserve
Rank #29 of 113 yrs
United States Inflation Rate (CPI YoY %)
1984 Reading 4.30%
YoY Change +1.08 pp
Bank of England
Rank #39 of 113 yrs
United Kingdom Inflation Rate (CPI YoY %)
1984 Reading 4.26%
YoY Change -0.69 pp
Federal Reserve
Rank #43 of 113 yrs
Federal Reserve Balance Sheet Total Assets (USD)
1984 Reading $206.82B
YoY Change +$7.27B
Federal Reserve
Rank #47 of 66 yrs
United States Foreign Exchange & Gold Reserves (USD)
1984 Reading $104.86B
YoY Change $-18.25B
Federal Reserve
Rank #12 of 63 yrs
US Dollar (USD) Real Effective Exchange Rate (REER)
1984 Reading 107.23
YoY Change +3.90
Central Bank Policy Rates & Real Interest Rates in 1984 (10 Monetary Authorities)
| Rank | Central Bank | Country / CCY | 1984 Policy Rate | 1984 CPI Inflation | 1984 Ex-Post Real Rate |
|---|---|---|---|---|---|
| #1 | South African Reserve Bank (SARB) | South Africa (ZAR) | 20.75% | 11.50% | +9.25% |
| #2 | Reserve Bank of Australia (RBA) | Australia (AUD) | 11.25% | 3.97% | +7.28% |
| #3 | Bank of Canada (BOC) | Canada (CAD) | 10.09% | 4.32% | +5.77% |
| #4 | Reserve Bank of India (RBI) | India (INR) | 10.00% | 6.97% | +3.03% |
| #5 | Bank of England (BOE) | United Kingdom (GBP) | 9.50% | 4.26% | +5.24% |
| #6 | Sveriges Riksbank (RIKSBANK) | Sweden (SEK) | 9.50% | 8.05% | +1.45% |
| #7 | Federal Reserve (FED) | United States (USD) | 8.74% | 4.30% | +4.44% |
| #8 | Danmarks Nationalbank (DNB) | Denmark (DKK) | 7.00% | 6.35% | +0.65% |
| #9 | Bank of Japan (BOJ) | Japan (JPY) | 5.00% | 2.27% | +2.73% |
| #10 | Swiss National Bank (SNB) | Switzerland (CHF) | 4.00% | 2.93% | +1.07% |
Surrounding Decade Context (1979-1989)
| Year | Fed Funds | BoE Rate | BoJ Rate | US CPI | Context |
|---|---|---|---|---|---|
| 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 |
| 1982 | 11.20% | 10.00% | 5.50% | 6.16% | Global monetary policy and central bank balance sheet ledger for 1982. |
| 1983 | 9.92% | 9.06% | 5.00% | 3.22% | Global monetary policy and central bank balance sheet ledger for 1983. |
| 1984 | 8.74% | 9.50% | 5.00% | 4.30% | Global monetary policy and central bank balance sheet ledger for 1984. |
| 1985 | 7.75% | 11.38% | 5.00% | 3.55% | Plaza Accord coordinated G5 currency intervention depreciates USD |
| 1986 | 5.88% | 10.88% | 3.00% | 1.91% | Global monetary policy and central bank balance sheet ledger for 1986. |
| 1987 | 6.81% | 8.38% | 2.50% | 3.66% | Louvre Accord and Black Monday central bank liquidity provision |
| 1988 | 8.69% | 12.88% | 2.50% | 4.08% | Global monetary policy and central bank balance sheet ledger for 1988. |
| 1989 | 8.25% | 14.88% | 4.25% | 4.83% | Global monetary policy and central bank balance sheet ledger for 1989. |