Global Interest Rates & Central Bank Statistics in 2011
European Sovereign Debt Crisis and Swiss franc safe-haven surge Inspect 12 headline monetary indicators and 20 reporting central bank policy rates recorded in 2011.
Headline Monetary Indicators in 2011
Federal Reserve
Rank #65 of 73 yrs
Federal Funds Effective Rate (United States)
2011 Reading 0.12%
YoY Change 0.00 pp
European Central Bank
Rank #16 of 28 yrs
ECB Main Policy Interest Rate (Euro Area)
2011 Reading 1.00%
YoY Change 0.00 pp
Bank of England
Rank #71 of 81 yrs
Bank of England Official Base Rate (United Kingdom)
2011 Reading 0.50%
YoY Change 0.00 pp
Bank of Japan
Rank #64 of 75 yrs
Bank of Japan Policy Interest Rate (Japan)
2011 Reading 0.05%
YoY Change 0.00 pp
Reserve Bank of Australia
Rank #36 of 51 yrs
RBA Cash Rate Target (Australia)
2011 Reading 4.25%
YoY Change -0.50 pp
Swiss National Bank
Rank #69 of 81 yrs
Swiss National Bank Policy Interest Rate (Switzerland)
2011 Reading 0.12%
YoY Change -0.26 pp
Bank of Canada
Rank #57 of 67 yrs
Bank of Canada Target Overnight Rate (Canada)
2011 Reading 1.00%
YoY Change 0.00 pp
Federal Reserve
Rank #47 of 113 yrs
United States Inflation Rate (CPI YoY %)
2011 Reading 3.15%
YoY Change +1.51 pp
Bank of England
Rank #37 of 113 yrs
United Kingdom Inflation Rate (CPI YoY %)
2011 Reading 4.46%
YoY Change +1.16 pp
Federal Reserve
Rank #15 of 113 yrs
Federal Reserve Balance Sheet Total Assets (USD)
2011 Reading $2,926.09B
YoY Change +$505.52B
Federal Reserve
Rank #8 of 66 yrs
United States Foreign Exchange & Gold Reserves (USD)
2011 Reading $537.27B
YoY Change +$48.34B
Federal Reserve
Rank #59 of 63 yrs
US Dollar (USD) Real Effective Exchange Rate (REER)
2011 Reading 80.11
YoY Change -4.16
Central Bank Policy Rates & Real Interest Rates in 2011 (20 Monetary Authorities)
| Rank | Central Bank | Country / CCY | 2011 Policy Rate | 2011 CPI Inflation | 2011 Ex-Post Real Rate |
|---|---|---|---|---|---|
| #1 | Central Bank of Brazil (BCB) | Brazil (BRL) | 11.00% | 6.63% | +4.37% |
| #2 | Reserve Bank of India (RBI) | India (INR) | 8.50% | 9.81% | -1.31% |
| #3 | People's Bank of China (PBOC) | China (CNY) | 6.56% | 5.56% | +1.00% |
| #4 | Bank Indonesia (BI) | Indonesia (IDR) | 6.00% | 5.37% | +0.63% |
| #5 | South African Reserve Bank (SARB) | South Africa (ZAR) | 5.50% | 4.97% | +0.53% |
| #6 | Central Bank of Chile (BCCH) | Chile (CLP) | 5.25% | 3.34% | +1.91% |
| #7 | Bank of Mexico (BANXICO) | Mexico (MXN) | 4.50% | 3.41% | +1.09% |
| #8 | National Bank of Poland (NBP) | Poland (PLN) | 4.50% | 4.22% | +0.28% |
| #9 | Reserve Bank of Australia (RBA) | Australia (AUD) | 4.25% | 3.38% | +0.87% |
| #10 | Bank of Korea (BOK) | South Korea (KRW) | 3.25% | 4.03% | -0.78% |
| #11 | Reserve Bank of New Zealand (RBNZ) | New Zealand (NZD) | 2.50% | 4.05% | -1.55% |
| #12 | Sveriges Riksbank (RIKSBANK) | Sweden (SEK) | 1.75% | 2.96% | -1.21% |
| #13 | Norges Bank (NORGES) | Norway (NOK) | 1.75% | 1.31% | +0.44% |
| #14 | European Central Bank (ECB) | Euro Area (EUR) | 1.00% | 2.71% | -1.71% |
| #15 | Bank of Canada (BOC) | Canada (CAD) | 1.00% | 2.91% | -1.91% |
| #16 | Bank of England (BOE) | United Kingdom (GBP) | 0.50% | 4.46% | -3.96% |
| #17 | Danmarks Nationalbank (DNB) | Denmark (DKK) | 0.30% | 2.75% | -2.45% |
| #18 | Federal Reserve (FED) | United States (USD) | 0.12% | 3.15% | -3.03% |
| #19 | Swiss National Bank (SNB) | Switzerland (CHF) | 0.12% | 0.23% | -0.11% |
| #20 | Bank of Japan (BOJ) | Japan (JPY) | 0.05% | -0.28% | +0.33% |
Surrounding Decade Context (2006-2016)
| Year | Fed Funds | BoE Rate | BoJ Rate | US CPI | Context |
|---|---|---|---|---|---|
| 2006 | 5.25% | 5.00% | 0.25% | 3.24% | Global monetary policy and central bank balance sheet ledger for 2006. |
| 2007 | 4.25% | 5.50% | 0.50% | 2.85% | Global monetary policy and central bank balance sheet ledger for 2007. |
| 2008 | 0.12% | 2.00% | 0.10% | 3.85% | Global Financial Crisis drives major central banks to the zero lower bound and QE1 |
| 2009 | 0.12% | 0.50% | 0.10% | -0.34% | Global monetary policy and central bank balance sheet ledger for 2009. |
| 2010 | 0.12% | 0.50% | 0.05% | 1.64% | Global monetary policy and central bank balance sheet ledger for 2010. |
| 2011 | 0.12% | 0.50% | 0.05% | 3.15% | European Sovereign Debt Crisis and Swiss franc safe-haven surge |
| 2012 | 0.12% | 0.50% | 0.05% | 2.07% | Global monetary policy and central bank balance sheet ledger for 2012. |
| 2013 | 0.12% | 0.50% | 0.05% | 1.46% | Global monetary policy and central bank balance sheet ledger for 2013. |
| 2014 | 0.12% | 0.50% | -% | 1.62% | ECB and European peers introduce Negative Interest Rate Policy (NIRP) |
| 2015 | 0.38% | 0.50% | -% | 0.12% | Global monetary policy and central bank balance sheet ledger for 2015. |
| 2016 | 0.62% | 0.25% | -0.10% | 1.26% | Bank of Japan introduces Yield Curve Control (YCC); post-Brexit BoE easing |