Global Interest Rates & Central Bank Statistics in 1996
Global monetary policy and central bank balance sheet ledger for 1996. Inspect 11 headline monetary indicators and 15 reporting central bank policy rates recorded in 1996.
Headline Monetary Indicators in 1996
Federal Reserve
Rank #24 of 73 yrs
Federal Funds Effective Rate (United States)
1996 Reading 5.25%
YoY Change -0.25 pp
Bank of England
Rank #36 of 81 yrs
Bank of England Official Base Rate (United Kingdom)
1996 Reading 5.94%
YoY Change -0.44 pp
Bank of Japan
Rank #52 of 75 yrs
Bank of Japan Policy Interest Rate (Japan)
1996 Reading 0.50%
YoY Change 0.00 pp
Reserve Bank of Australia
Rank #21 of 51 yrs
RBA Cash Rate Target (Australia)
1996 Reading 6.00%
YoY Change -1.50 pp
Swiss National Bank
Rank #55 of 81 yrs
Swiss National Bank Policy Interest Rate (Switzerland)
1996 Reading 1.00%
YoY Change -0.50 pp
Bank of Canada
Rank #47 of 67 yrs
Bank of Canada Target Overnight Rate (Canada)
1996 Reading 3.00%
YoY Change -2.78 pp
Federal Reserve
Rank #52 of 113 yrs
United States Inflation Rate (CPI YoY %)
1996 Reading 2.93%
YoY Change +0.12 pp
Bank of England
Rank #73 of 113 yrs
United Kingdom Inflation Rate (CPI YoY %)
1996 Reading 2.43%
YoY Change -0.18 pp
Federal Reserve
Rank #31 of 113 yrs
Federal Reserve Balance Sheet Total Assets (USD)
1996 Reading $475.00B
YoY Change +$22.44B
Federal Reserve
Rank #31 of 66 yrs
United States Foreign Exchange & Gold Reserves (USD)
1996 Reading $160.66B
YoY Change $-15.34B
Federal Reserve
Rank #45 of 63 yrs
US Dollar (USD) Real Effective Exchange Rate (REER)
1996 Reading 86.92
YoY Change +2.13
Central Bank Policy Rates & Real Interest Rates in 1996 (15 Monetary Authorities)
| Rank | Central Bank | Country / CCY | 1996 Policy Rate | 1996 CPI Inflation | 1996 Ex-Post Real Rate |
|---|---|---|---|---|---|
| #1 | National Bank of Poland (NBP) | Poland (PLN) | 25.00% | 19.80% | +5.20% |
| #2 | Central Bank of Brazil (BCB) | Brazil (BRL) | 23.00% | 16.01% | +6.99% |
| #3 | South African Reserve Bank (SARB) | South Africa (ZAR) | 17.00% | 7.34% | +9.66% |
| #4 | Reserve Bank of India (RBI) | India (INR) | 12.00% | 4.46% | +7.54% |
| #5 | People's Bank of China (PBOC) | China (CNY) | 10.08% | 8.33% | +1.75% |
| #6 | Reserve Bank of New Zealand (RBNZ) | New Zealand (NZD) | 7.90% | 2.28% | +5.62% |
| #7 | Reserve Bank of Australia (RBA) | Australia (AUD) | 6.00% | 2.62% | +3.38% |
| #8 | Bank of England (BOE) | United Kingdom (GBP) | 5.94% | 2.43% | +3.51% |
| #9 | Federal Reserve (FED) | United States (USD) | 5.25% | 2.93% | +2.32% |
| #10 | Sveriges Riksbank (RIKSBANK) | Sweden (SEK) | 4.10% | 0.54% | +3.56% |
| #11 | Norges Bank (NORGES) | Norway (NOK) | 4.00% | 1.26% | +2.74% |
| #12 | Danmarks Nationalbank (DNB) | Denmark (DKK) | 3.50% | 2.16% | +1.34% |
| #13 | Bank of Canada (BOC) | Canada (CAD) | 3.00% | 1.57% | +1.43% |
| #14 | Swiss National Bank (SNB) | Switzerland (CHF) | 1.00% | 0.81% | +0.19% |
| #15 | Bank of Japan (BOJ) | Japan (JPY) | 0.50% | 0.13% | +0.37% |
Surrounding Decade Context (1991-2001)
| Year | Fed Funds | BoE Rate | BoJ Rate | US CPI | Context |
|---|---|---|---|---|---|
| 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 |
| 1998 | 4.75% | 6.25% | 0.25% | 1.55% | Global monetary policy and central bank balance sheet ledger for 1998. |
| 1999 | 5.50% | 5.50% | 0.25% | 2.19% | Launch of the Euro and establishment of the European Central Bank (ECB) |
| 2000 | 6.50% | 6.00% | 0.25% | 3.38% | Global monetary policy and central bank balance sheet ledger for 2000. |
| 2001 | 1.75% | 4.00% | 0.15% | 2.83% | Dot-com bust and synchronized G10 monetary easing cycle |