Global Interest Rates & Central Bank Statistics in 1989
Global monetary policy and central bank balance sheet ledger for 1989. Inspect 11 headline monetary indicators and 13 reporting central bank policy rates recorded in 1989.
Headline Monetary Indicators in 1989
Federal Reserve
Rank #10 of 73 yrs
Federal Funds Effective Rate (United States)
1989 Reading 8.25%
YoY Change -0.44 pp
Bank of England
Rank #2 of 81 yrs
Bank of England Official Base Rate (United Kingdom)
1989 Reading 14.88%
YoY Change +2.00 pp
Bank of Japan
Rank #38 of 75 yrs
Bank of Japan Policy Interest Rate (Japan)
1989 Reading 4.25%
YoY Change +1.75 pp
Reserve Bank of Australia
Rank #2 of 51 yrs
RBA Cash Rate Target (Australia)
1989 Reading 17.90%
YoY Change +3.35 pp
Swiss National Bank
Rank #2 of 81 yrs
Swiss National Bank Policy Interest Rate (Switzerland)
1989 Reading 6.00%
YoY Change +2.50 pp
Bank of Canada
Rank #4 of 67 yrs
Bank of Canada Target Overnight Rate (Canada)
1989 Reading 12.47%
YoY Change +1.28 pp
Federal Reserve
Rank #27 of 113 yrs
United States Inflation Rate (CPI YoY %)
1989 Reading 4.83%
YoY Change +0.75 pp
Bank of England
Rank #31 of 113 yrs
United Kingdom Inflation Rate (CPI YoY %)
1989 Reading 5.25%
YoY Change +1.50 pp
Federal Reserve
Rank #38 of 113 yrs
Federal Reserve Balance Sheet Total Assets (USD)
1989 Reading $310.26B
YoY Change +$16.27B
Federal Reserve
Rank #27 of 66 yrs
United States Foreign Exchange & Gold Reserves (USD)
1989 Reading $168.58B
YoY Change +$24.40B
Federal Reserve
Rank #54 of 63 yrs
US Dollar (USD) Real Effective Exchange Rate (REER)
1989 Reading 82.31
YoY Change +2.13
Central Bank Policy Rates & Real Interest Rates in 1989 (13 Monetary Authorities)
| Rank | Central Bank | Country / CCY | 1989 Policy Rate | 1989 CPI Inflation | 1989 Ex-Post Real Rate |
|---|---|---|---|---|---|
| #1 | Central Bank of Brazil (BCB) | Brazil (BRL) | 103484.21% | 1232.70% | +102251.51% |
| #2 | South African Reserve Bank (SARB) | South Africa (ZAR) | 18.00% | 14.71% | +3.29% |
| #3 | Reserve Bank of Australia (RBA) | Australia (AUD) | 17.90% | 7.53% | +10.37% |
| #4 | Bank of England (BOE) | United Kingdom (GBP) | 14.88% | 5.25% | +9.63% |
| #5 | Reserve Bank of New Zealand (RBNZ) | New Zealand (NZD) | 13.50% | 5.70% | +7.80% |
| #6 | Bank of Canada (BOC) | Canada (CAD) | 12.47% | 4.98% | +7.49% |
| #7 | Sveriges Riksbank (RIKSBANK) | Sweden (SEK) | 12.00% | 6.45% | +5.55% |
| #8 | Norges Bank (NORGES) | Norway (NOK) | 11.00% | 4.62% | +6.38% |
| #9 | Reserve Bank of India (RBI) | India (INR) | 10.00% | 6.70% | +3.30% |
| #10 | Federal Reserve (FED) | United States (USD) | 8.25% | 4.83% | +3.42% |
| #11 | Danmarks Nationalbank (DNB) | Denmark (DKK) | 7.00% | 4.78% | +2.22% |
| #12 | Swiss National Bank (SNB) | Switzerland (CHF) | 6.00% | 3.15% | +2.85% |
| #13 | Bank of Japan (BOJ) | Japan (JPY) | 4.25% | 2.29% | +1.96% |
Surrounding Decade Context (1984-1994)
| Year | Fed Funds | BoE Rate | BoJ Rate | US CPI | Context |
|---|---|---|---|---|---|
| 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. |
| 1994 | 5.50% | 6.12% | 1.75% | 2.61% | Global bond market selloff and pre-emptive Federal Reserve tightening cycle |