Global Interest Rates & Central Bank Statistics in 1985
Plaza Accord coordinated G5 currency intervention depreciates USD Inspect 11 headline monetary indicators and 11 reporting central bank policy rates recorded in 1985.
Headline Monetary Indicators in 1985
Federal Reserve
Rank #11 of 73 yrs
Federal Funds Effective Rate (United States)
1985 Reading 7.75%
YoY Change -0.99 pp
Bank of England
Rank #11 of 81 yrs
Bank of England Official Base Rate (United Kingdom)
1985 Reading 11.38%
YoY Change +1.88 pp
Bank of Japan
Rank #33 of 75 yrs
Bank of Japan Policy Interest Rate (Japan)
1985 Reading 5.00%
YoY Change 0.00 pp
Reserve Bank of Australia
Rank #1 of 51 yrs
RBA Cash Rate Target (Australia)
1985 Reading 19.00%
YoY Change +7.75 pp
Swiss National Bank
Rank #9 of 81 yrs
Swiss National Bank Policy Interest Rate (Switzerland)
1985 Reading 4.00%
YoY Change 0.00 pp
Bank of Canada
Rank #11 of 67 yrs
Bank of Canada Target Overnight Rate (Canada)
1985 Reading 9.49%
YoY Change -0.60 pp
Federal Reserve
Rank #38 of 113 yrs
United States Inflation Rate (CPI YoY %)
1985 Reading 3.55%
YoY Change -0.75 pp
Bank of England
Rank #36 of 113 yrs
United Kingdom Inflation Rate (CPI YoY %)
1985 Reading 4.92%
YoY Change +0.66 pp
Federal Reserve
Rank #42 of 113 yrs
Federal Reserve Balance Sheet Total Assets (USD)
1985 Reading $236.05B
YoY Change +$29.23B
Federal Reserve
Rank #46 of 66 yrs
United States Foreign Exchange & Gold Reserves (USD)
1985 Reading $117.98B
YoY Change +$13.12B
Federal Reserve
Rank #9 of 63 yrs
US Dollar (USD) Real Effective Exchange Rate (REER)
1985 Reading 110.95
YoY Change +3.72
Central Bank Policy Rates & Real Interest Rates in 1985 (11 Monetary Authorities)
| Rank | Central Bank | Country / CCY | 1985 Policy Rate | 1985 CPI Inflation | 1985 Ex-Post Real Rate |
|---|---|---|---|---|---|
| #1 | Reserve Bank of Australia (RBA) | Australia (AUD) | 19.00% | 6.74% | +12.26% |
| #2 | Reserve Bank of New Zealand (RBNZ) | New Zealand (NZD) | 19.00% | 15.40% | +3.60% |
| #3 | South African Reserve Bank (SARB) | South Africa (ZAR) | 13.00% | 16.26% | -3.26% |
| #4 | Bank of England (BOE) | United Kingdom (GBP) | 11.38% | 4.92% | +6.46% |
| #5 | Sveriges Riksbank (RIKSBANK) | Sweden (SEK) | 10.50% | 7.38% | +3.12% |
| #6 | Reserve Bank of India (RBI) | India (INR) | 10.00% | 4.67% | +5.33% |
| #7 | Bank of Canada (BOC) | Canada (CAD) | 9.49% | 3.96% | +5.53% |
| #8 | Federal Reserve (FED) | United States (USD) | 7.75% | 3.55% | +4.20% |
| #9 | Danmarks Nationalbank (DNB) | Denmark (DKK) | 7.00% | 4.68% | +2.32% |
| #10 | Bank of Japan (BOJ) | Japan (JPY) | 5.00% | 2.06% | +2.94% |
| #11 | Swiss National Bank (SNB) | Switzerland (CHF) | 4.00% | 3.44% | +0.56% |
Surrounding Decade Context (1980-1990)
| Year | Fed Funds | BoE Rate | BoJ Rate | US CPI | Context |
|---|---|---|---|---|---|
| 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. |
| 1990 | 7.00% | 13.88% | 6.00% | 5.39% | German reunification tightening and Japanese asset bubble peak |