Global Interest Rates & Central Bank Statistics in 2018
Global monetary policy and central bank balance sheet ledger for 2018. Inspect 12 headline monetary indicators and 20 reporting central bank policy rates recorded in 2018.
Headline Monetary Indicators in 2018
Federal Reserve
Rank #54 of 73 yrs
Federal Funds Effective Rate (United States)
2018 Reading 2.38%
YoY Change +1.00 pp
European Central Bank
Rank #23 of 28 yrs
ECB Main Policy Interest Rate (Euro Area)
2018 Reading 0.00%
YoY Change 0.00 pp
Bank of England
Rank #69 of 81 yrs
Bank of England Official Base Rate (United Kingdom)
2018 Reading 0.75%
YoY Change +0.25 pp
Bank of Japan
Rank #68 of 75 yrs
Bank of Japan Policy Interest Rate (Japan)
2018 Reading -0.10%
YoY Change 0.00 pp
Reserve Bank of Australia
Rank #46 of 51 yrs
RBA Cash Rate Target (Australia)
2018 Reading 1.50%
YoY Change 0.00 pp
Swiss National Bank
Rank #75 of 81 yrs
Swiss National Bank Policy Interest Rate (Switzerland)
2018 Reading -0.75%
YoY Change 0.00 pp
Bank of Canada
Rank #54 of 67 yrs
Bank of Canada Target Overnight Rate (Canada)
2018 Reading 1.75%
YoY Change +0.75 pp
Federal Reserve
Rank #62 of 113 yrs
United States Inflation Rate (CPI YoY %)
2018 Reading 2.44%
YoY Change +0.31 pp
Bank of England
Rank #72 of 113 yrs
United Kingdom Inflation Rate (CPI YoY %)
2018 Reading 2.48%
YoY Change -0.21 pp
Federal Reserve
Rank #13 of 113 yrs
Federal Reserve Balance Sheet Total Assets (USD)
2018 Reading $4,075.64B
YoY Change $-373.04B
Federal Reserve
Rank #12 of 66 yrs
United States Foreign Exchange & Gold Reserves (USD)
2018 Reading $449.91B
YoY Change $-1.38B
Federal Reserve
Rank #30 of 63 yrs
US Dollar (USD) Real Effective Exchange Rate (REER)
2018 Reading 95.76
YoY Change -1.04
Central Bank Policy Rates & Real Interest Rates in 2018 (20 Monetary Authorities)
| Rank | Central Bank | Country / CCY | 2018 Policy Rate | 2018 CPI Inflation | 2018 Ex-Post Real Rate |
|---|---|---|---|---|---|
| #1 | Bank of Mexico (BANXICO) | Mexico (MXN) | 8.25% | 4.90% | +3.35% |
| #2 | South African Reserve Bank (SARB) | South Africa (ZAR) | 6.75% | 4.59% | +2.16% |
| #3 | Reserve Bank of India (RBI) | India (INR) | 6.50% | 3.94% | +2.56% |
| #4 | Central Bank of Brazil (BCB) | Brazil (BRL) | 6.50% | 3.66% | +2.84% |
| #5 | Bank Indonesia (BI) | Indonesia (IDR) | 6.00% | 3.20% | +2.80% |
| #6 | People's Bank of China (PBOC) | China (CNY) | 4.35% | 1.93% | +2.42% |
| #7 | Central Bank of Chile (BCCH) | Chile (CLP) | 2.75% | 2.43% | +0.32% |
| #8 | Federal Reserve (FED) | United States (USD) | 2.38% | 2.44% | -0.06% |
| #9 | Bank of Canada (BOC) | Canada (CAD) | 1.75% | 2.27% | -0.52% |
| #10 | Reserve Bank of New Zealand (RBNZ) | New Zealand (NZD) | 1.75% | 1.60% | +0.15% |
| #11 | Bank of Korea (BOK) | South Korea (KRW) | 1.75% | 1.48% | +0.27% |
| #12 | Reserve Bank of Australia (RBA) | Australia (AUD) | 1.50% | 1.92% | -0.42% |
| #13 | National Bank of Poland (NBP) | Poland (PLN) | 1.50% | 1.80% | -0.30% |
| #14 | Bank of England (BOE) | United Kingdom (GBP) | 0.75% | 2.48% | -1.73% |
| #15 | Norges Bank (NORGES) | Norway (NOK) | 0.75% | 2.74% | -1.99% |
| #16 | European Central Bank (ECB) | Euro Area (EUR) | 0.00% | 1.75% | -1.75% |
| #17 | Bank of Japan (BOJ) | Japan (JPY) | -0.10% | 0.97% | -1.07% |
| #18 | Sveriges Riksbank (RIKSBANK) | Sweden (SEK) | -0.50% | 1.95% | -2.45% |
| #19 | Danmarks Nationalbank (DNB) | Denmark (DKK) | -0.65% | 0.82% | -1.47% |
| #20 | Swiss National Bank (SNB) | Switzerland (CHF) | -0.75% | 0.94% | -1.69% |
Surrounding Decade Context (2013-2023)
| Year | Fed Funds | BoE Rate | BoJ Rate | US CPI | Context |
|---|---|---|---|---|---|
| 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. |
| 2018 | 2.38% | 0.75% | -0.10% | 2.44% | Global monetary policy and central bank balance sheet ledger for 2018. |
| 2019 | 1.62% | 0.75% | -0.10% | 1.81% | Global monetary policy and central bank balance sheet ledger for 2019. |
| 2020 | 0.12% | 0.10% | -0.10% | 1.24% | COVID-19 pandemic emergency rate cuts and record balance sheet expansion |
| 2021 | 0.12% | 0.25% | -0.10% | 4.69% | Global monetary policy and central bank balance sheet ledger for 2021. |
| 2022 | 4.38% | 3.50% | -0.10% | 8.01% | Global inflation surge triggers fastest synchronized rate hiking cycle in four decades |
| 2023 | 5.38% | 5.25% | -0.10% | 4.14% | Global monetary policy and central bank balance sheet ledger for 2023. |