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Annual Monetary Snapshot · 2012

Global Interest Rates & Central Bank Statistics in 2012

Global monetary policy and central bank balance sheet ledger for 2012. Inspect 12 headline monetary indicators and 20 reporting central bank policy rates recorded in 2012.

Headline Monetary Indicators in 2012

Central Bank Policy Rates & Real Interest Rates in 2012 (20 Monetary Authorities)

Rank Central Bank Country / CCY 2012 Policy Rate 2012 CPI Inflation 2012 Ex-Post Real Rate
#1 Reserve Bank of India (RBI) India (INR) 8.00% 7.55% +0.45%
#2 Central Bank of Brazil (BCB) Brazil (BRL) 7.25% 5.41% +1.84%
#3 People's Bank of China (PBOC) China (CNY) 6.00% 2.61% +3.39%
#4 Bank Indonesia (BI) Indonesia (IDR) 5.75% 3.98% +1.77%
#5 South African Reserve Bank (SARB) South Africa (ZAR) 5.00% 5.65% -0.65%
#6 Central Bank of Chile (BCCH) Chile (CLP) 5.00% 3.01% +1.99%
#7 Bank of Mexico (BANXICO) Mexico (MXN) 4.50% 4.11% +0.39%
#8 National Bank of Poland (NBP) Poland (PLN) 4.25% 3.75% +0.50%
#9 Reserve Bank of Australia (RBA) Australia (AUD) 3.00% 1.73% +1.27%
#10 Bank of Korea (BOK) South Korea (KRW) 2.75% 2.19% +0.56%
#11 Reserve Bank of New Zealand (RBNZ) New Zealand (NZD) 2.50% 1.06% +1.44%
#12 Norges Bank (NORGES) Norway (NOK) 1.50% 0.69% +0.81%
#13 Bank of Canada (BOC) Canada (CAD) 1.00% 1.52% -0.52%
#14 Sveriges Riksbank (RIKSBANK) Sweden (SEK) 1.00% 0.89% +0.11%
#15 European Central Bank (ECB) Euro Area (EUR) 0.75% 2.50% -1.75%
#16 Bank of England (BOE) United Kingdom (GBP) 0.50% 2.80% -2.30%
#17 Federal Reserve (FED) United States (USD) 0.12% 2.07% -1.95%
#18 Swiss National Bank (SNB) Switzerland (CHF) 0.12% -0.69% +0.81%
#19 Bank of Japan (BOJ) Japan (JPY) 0.05% -0.05% +0.10%
#20 Danmarks Nationalbank (DNB) Denmark (DKK) -0.20% 2.42% -2.62%

Surrounding Decade Context (2007-2017)

Year Fed Funds BoE Rate BoJ Rate US CPI Context
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
2017 1.38% 0.50% -0.10% 2.13% Global monetary policy and central bank balance sheet ledger for 2017.