Global Interest Rates & Central Bank Statistics in 1992
European Exchange Rate Mechanism (ERM) crisis and Black Wednesday Inspect 11 headline monetary indicators and 13 reporting central bank policy rates recorded in 1992.
Headline Monetary Indicators in 1992
Federal Reserve
Rank #44 of 73 yrs
Federal Funds Effective Rate (United States)
1992 Reading 3.00%
YoY Change -1.00 pp
Bank of England
Rank #29 of 81 yrs
Bank of England Official Base Rate (United Kingdom)
1992 Reading 6.88%
YoY Change -3.50 pp
Bank of Japan
Rank #44 of 75 yrs
Bank of Japan Policy Interest Rate (Japan)
1992 Reading 3.25%
YoY Change -1.25 pp
Reserve Bank of Australia
Rank #23 of 51 yrs
RBA Cash Rate Target (Australia)
1992 Reading 5.75%
YoY Change -2.75 pp
Swiss National Bank
Rank #2 of 81 yrs
Swiss National Bank Policy Interest Rate (Switzerland)
1992 Reading 6.00%
YoY Change -1.00 pp
Bank of Canada
Rank #20 of 67 yrs
Bank of Canada Target Overnight Rate (Canada)
1992 Reading 7.36%
YoY Change -0.31 pp
Federal Reserve
Rank #48 of 113 yrs
United States Inflation Rate (CPI YoY %)
1992 Reading 3.03%
YoY Change -1.22 pp
Bank of England
Rank #38 of 113 yrs
United Kingdom Inflation Rate (CPI YoY %)
1992 Reading 4.27%
YoY Change -3.27 pp
Federal Reserve
Rank #35 of 113 yrs
Federal Reserve Balance Sheet Total Assets (USD)
1992 Reading $369.09B
YoY Change +$22.47B
Federal Reserve
Rank #34 of 66 yrs
United States Foreign Exchange & Gold Reserves (USD)
1992 Reading $147.53B
YoY Change $-11.74B
Federal Reserve
Rank #63 of 63 yrs
US Dollar (USD) Real Effective Exchange Rate (REER)
1992 Reading 76.28
YoY Change -1.58
Central Bank Policy Rates & Real Interest Rates in 1992 (13 Monetary Authorities)
| Rank | Central Bank | Country / CCY | 1992 Policy Rate | 1992 CPI Inflation | 1992 Ex-Post Real Rate |
|---|---|---|---|---|---|
| #1 | Central Bank of Brazil (BCB) | Brazil (BRL) | 1657.56% | 854.62% | +802.94% |
| #2 | South African Reserve Bank (SARB) | South Africa (ZAR) | 14.00% | 13.96% | +0.04% |
| #3 | Danmarks Nationalbank (DNB) | Denmark (DKK) | 13.00% | 2.11% | +10.89% |
| #4 | Reserve Bank of India (RBI) | India (INR) | 12.00% | 11.62% | +0.38% |
| #5 | Sveriges Riksbank (RIKSBANK) | Sweden (SEK) | 11.00% | 2.38% | +8.62% |
| #6 | Norges Bank (NORGES) | Norway (NOK) | 11.00% | 2.35% | +8.65% |
| #7 | Reserve Bank of New Zealand (RBNZ) | New Zealand (NZD) | 8.45% | 1.01% | +7.44% |
| #8 | Bank of Canada (BOC) | Canada (CAD) | 7.36% | 1.49% | +5.87% |
| #9 | Bank of England (BOE) | United Kingdom (GBP) | 6.88% | 4.27% | +2.61% |
| #10 | Swiss National Bank (SNB) | Switzerland (CHF) | 6.00% | 4.04% | +1.96% |
| #11 | Reserve Bank of Australia (RBA) | Australia (AUD) | 5.75% | 0.98% | +4.77% |
| #12 | Bank of Japan (BOJ) | Japan (JPY) | 3.25% | 1.74% | +1.51% |
| #13 | Federal Reserve (FED) | United States (USD) | 3.00% | 3.03% | -0.03% |
Surrounding Decade Context (1987-1997)
| Year | Fed Funds | BoE Rate | BoJ Rate | US CPI | Context |
|---|---|---|---|---|---|
| 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 |
| 1995 | 5.50% | 6.38% | 0.50% | 2.81% | Global monetary policy and central bank balance sheet ledger for 1995. |
| 1996 | 5.25% | 5.94% | 0.50% | 2.93% | Global monetary policy and central bank balance sheet ledger for 1996. |
| 1997 | 5.50% | 7.25% | 0.50% | 2.34% | Asian Financial Crisis triggers emergency EM currency defense hikes |