Global Interest Rates & Central Bank Statistics in 2001
Dot-com bust and synchronized G10 monetary easing cycle Inspect 12 headline monetary indicators and 19 reporting central bank policy rates recorded in 2001.
Headline Monetary Indicators in 2001
Federal Reserve
Rank #57 of 73 yrs
Federal Funds Effective Rate (United States)
2001 Reading 1.75%
YoY Change -4.75 pp
European Central Bank
Rank #5 of 28 yrs
ECB Main Policy Interest Rate (Euro Area)
2001 Reading 3.25%
YoY Change -1.50 pp
Bank of England
Rank #50 of 81 yrs
Bank of England Official Base Rate (United Kingdom)
2001 Reading 4.00%
YoY Change -2.00 pp
Bank of Japan
Rank #61 of 75 yrs
Bank of Japan Policy Interest Rate (Japan)
2001 Reading 0.15%
YoY Change -0.10 pp
Reserve Bank of Australia
Rank #36 of 51 yrs
RBA Cash Rate Target (Australia)
2001 Reading 4.25%
YoY Change -2.00 pp
Swiss National Bank
Rank #40 of 81 yrs
Swiss National Bank Policy Interest Rate (Switzerland)
2001 Reading 1.75%
YoY Change -1.75 pp
Bank of Canada
Rank #51 of 67 yrs
Bank of Canada Target Overnight Rate (Canada)
2001 Reading 2.25%
YoY Change -3.50 pp
Federal Reserve
Rank #54 of 113 yrs
United States Inflation Rate (CPI YoY %)
2001 Reading 2.83%
YoY Change -0.55 pp
Bank of England
Rank #90 of 113 yrs
United Kingdom Inflation Rate (CPI YoY %)
2001 Reading 1.24%
YoY Change +0.44 pp
Federal Reserve
Rank #27 of 113 yrs
Federal Reserve Balance Sheet Total Assets (USD)
2001 Reading $662.30B
YoY Change +$42.58B
Federal Reserve
Rank #42 of 66 yrs
United States Foreign Exchange & Gold Reserves (USD)
2001 Reading $130.08B
YoY Change +$1.68B
Federal Reserve
Rank #16 of 63 yrs
US Dollar (USD) Real Effective Exchange Rate (REER)
2001 Reading 106.50
YoY Change +5.71
Central Bank Policy Rates & Real Interest Rates in 2001 (19 Monetary Authorities)
| Rank | Central Bank | Country / CCY | 2001 Policy Rate | 2001 CPI Inflation | 2001 Ex-Post Real Rate |
|---|---|---|---|---|---|
| #1 | Central Bank of Brazil (BCB) | Brazil (BRL) | 19.00% | 6.84% | +12.16% |
| #2 | National Bank of Poland (NBP) | Poland (PLN) | 11.50% | 5.52% | +5.98% |
| #3 | South African Reserve Bank (SARB) | South Africa (ZAR) | 9.50% | 5.73% | +3.77% |
| #4 | Reserve Bank of India (RBI) | India (INR) | 8.50% | 5.21% | +3.29% |
| #5 | Bank of Mexico (BANXICO) | Mexico (MXN) | 8.04% | 6.39% | +1.65% |
| #6 | Norges Bank (NORGES) | Norway (NOK) | 6.50% | 2.99% | +3.51% |
| #7 | Central Bank of Chile (BCCH) | Chile (CLP) | 6.50% | 3.57% | +2.93% |
| #8 | People's Bank of China (PBOC) | China (CNY) | 5.85% | 0.73% | +5.12% |
| #9 | Reserve Bank of New Zealand (RBNZ) | New Zealand (NZD) | 4.75% | 2.64% | +2.11% |
| #10 | Reserve Bank of Australia (RBA) | Australia (AUD) | 4.25% | 4.43% | -0.18% |
| #11 | Bank of England (BOE) | United Kingdom (GBP) | 4.00% | 1.24% | +2.76% |
| #12 | Bank of Korea (BOK) | South Korea (KRW) | 4.00% | 4.07% | -0.07% |
| #13 | Sveriges Riksbank (RIKSBANK) | Sweden (SEK) | 3.75% | 2.41% | +1.34% |
| #14 | Danmarks Nationalbank (DNB) | Denmark (DKK) | 3.60% | 2.37% | +1.23% |
| #15 | European Central Bank (ECB) | Euro Area (EUR) | 3.25% | 2.35% | +0.90% |
| #16 | Bank of Canada (BOC) | Canada (CAD) | 2.25% | 2.53% | -0.28% |
| #17 | Federal Reserve (FED) | United States (USD) | 1.75% | 2.83% | -1.08% |
| #18 | Swiss National Bank (SNB) | Switzerland (CHF) | 1.75% | 0.99% | +0.76% |
| #19 | Bank of Japan (BOJ) | Japan (JPY) | 0.15% | -0.72% | +0.87% |
Surrounding Decade Context (1996-2006)
| Year | Fed Funds | BoE Rate | BoJ Rate | US CPI | Context |
|---|---|---|---|---|---|
| 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 |
| 2002 | 1.25% | 4.00% | -% | 1.59% | Global monetary policy and central bank balance sheet ledger for 2002. |
| 2003 | 1.00% | 3.75% | -% | 2.27% | Global monetary policy and central bank balance sheet ledger for 2003. |
| 2004 | 2.25% | 4.75% | -% | 2.68% | Global monetary policy and central bank balance sheet ledger for 2004. |
| 2005 | 4.25% | 4.50% | -% | 3.39% | Global monetary policy and central bank balance sheet ledger for 2005. |
| 2006 | 5.25% | 5.00% | 0.25% | 3.24% | Global monetary policy and central bank balance sheet ledger for 2006. |