Global Interest Rates & Central Bank Statistics in 1988
Global monetary policy and central bank balance sheet ledger for 1988. Inspect 11 headline monetary indicators and 13 reporting central bank policy rates recorded in 1988.
Headline Monetary Indicators in 1988
Federal Reserve
Rank #9 of 73 yrs
Federal Funds Effective Rate (United States)
1988 Reading 8.69%
YoY Change +1.88 pp
Bank of England
Rank #8 of 81 yrs
Bank of England Official Base Rate (United Kingdom)
1988 Reading 12.88%
YoY Change +4.50 pp
Bank of Japan
Rank #46 of 75 yrs
Bank of Japan Policy Interest Rate (Japan)
1988 Reading 2.50%
YoY Change 0.00 pp
Reserve Bank of Australia
Rank #5 of 51 yrs
RBA Cash Rate Target (Australia)
1988 Reading 14.55%
YoY Change +3.30 pp
Swiss National Bank
Rank #18 of 81 yrs
Swiss National Bank Policy Interest Rate (Switzerland)
1988 Reading 3.50%
YoY Change +1.00 pp
Bank of Canada
Rank #6 of 67 yrs
Bank of Canada Target Overnight Rate (Canada)
1988 Reading 11.19%
YoY Change +2.53 pp
Federal Reserve
Rank #34 of 113 yrs
United States Inflation Rate (CPI YoY %)
1988 Reading 4.08%
YoY Change +0.42 pp
Bank of England
Rank #46 of 113 yrs
United Kingdom Inflation Rate (CPI YoY %)
1988 Reading 3.75%
YoY Change +0.54 pp
Federal Reserve
Rank #39 of 113 yrs
Federal Reserve Balance Sheet Total Assets (USD)
1988 Reading $293.99B
YoY Change +$20.57B
Federal Reserve
Rank #36 of 66 yrs
United States Foreign Exchange & Gold Reserves (USD)
1988 Reading $144.18B
YoY Change $-17.56B
Federal Reserve
Rank #58 of 63 yrs
US Dollar (USD) Real Effective Exchange Rate (REER)
1988 Reading 80.18
YoY Change -6.25
Central Bank Policy Rates & Real Interest Rates in 1988 (13 Monetary Authorities)
| Rank | Central Bank | Country / CCY | 1988 Policy Rate | 1988 CPI Inflation | 1988 Ex-Post Real Rate |
|---|---|---|---|---|---|
| #1 | Central Bank of Brazil (BCB) | Brazil (BRL) | 2741.20% | 554.19% | +2187.01% |
| #2 | Reserve Bank of Australia (RBA) | Australia (AUD) | 14.55% | 7.25% | +7.30% |
| #3 | South African Reserve Bank (SARB) | South Africa (ZAR) | 14.50% | 12.80% | +1.70% |
| #4 | Reserve Bank of New Zealand (RBNZ) | New Zealand (NZD) | 13.44% | 6.41% | +7.03% |
| #5 | Bank of England (BOE) | United Kingdom (GBP) | 12.88% | 3.75% | +9.13% |
| #6 | Norges Bank (NORGES) | Norway (NOK) | 12.00% | 6.59% | +5.41% |
| #7 | Bank of Canada (BOC) | Canada (CAD) | 11.19% | 4.03% | +7.16% |
| #8 | Sveriges Riksbank (RIKSBANK) | Sweden (SEK) | 11.00% | 5.82% | +5.18% |
| #9 | Reserve Bank of India (RBI) | India (INR) | 10.00% | 8.77% | +1.23% |
| #10 | Federal Reserve (FED) | United States (USD) | 8.69% | 4.08% | +4.61% |
| #11 | Danmarks Nationalbank (DNB) | Denmark (DKK) | 7.00% | 4.53% | +2.47% |
| #12 | Swiss National Bank (SNB) | Switzerland (CHF) | 3.50% | 1.87% | +1.63% |
| #13 | Bank of Japan (BOJ) | Japan (JPY) | 2.50% | 0.66% | +1.84% |
Surrounding Decade Context (1983-1993)
| Year | Fed Funds | BoE Rate | BoJ Rate | US CPI | Context |
|---|---|---|---|---|---|
| 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 |
| 1991 | 4.00% | 10.38% | 4.50% | 4.25% | Global monetary policy and central bank balance sheet ledger for 1991. |
| 1992 | 3.00% | 6.88% | 3.25% | 3.03% | European Exchange Rate Mechanism (ERM) crisis and Black Wednesday |
| 1993 | 3.00% | 5.38% | 1.75% | 2.96% | Global monetary policy and central bank balance sheet ledger for 1993. |