Global Interest Rates & Central Bank Statistics in 2019
Global monetary policy and central bank balance sheet ledger for 2019. Inspect 12 headline monetary indicators and 20 reporting central bank policy rates recorded in 2019.
Headline Monetary Indicators in 2019
Federal Reserve
Rank #58 of 73 yrs
Federal Funds Effective Rate (United States)
2019 Reading 1.62%
YoY Change -0.76 pp
European Central Bank
Rank #23 of 28 yrs
ECB Main Policy Interest Rate (Euro Area)
2019 Reading 0.00%
YoY Change 0.00 pp
Bank of England
Rank #69 of 81 yrs
Bank of England Official Base Rate (United Kingdom)
2019 Reading 0.75%
YoY Change 0.00 pp
Bank of Japan
Rank #68 of 75 yrs
Bank of Japan Policy Interest Rate (Japan)
2019 Reading -0.10%
YoY Change 0.00 pp
Reserve Bank of Australia
Rank #49 of 51 yrs
RBA Cash Rate Target (Australia)
2019 Reading 0.75%
YoY Change -0.75 pp
Swiss National Bank
Rank #75 of 81 yrs
Swiss National Bank Policy Interest Rate (Switzerland)
2019 Reading -0.75%
YoY Change 0.00 pp
Bank of Canada
Rank #54 of 67 yrs
Bank of Canada Target Overnight Rate (Canada)
2019 Reading 1.75%
YoY Change 0.00 pp
Federal Reserve
Rank #72 of 113 yrs
United States Inflation Rate (CPI YoY %)
2019 Reading 1.81%
YoY Change -0.63 pp
Bank of England
Rank #83 of 113 yrs
United Kingdom Inflation Rate (CPI YoY %)
2019 Reading 1.78%
YoY Change -0.70 pp
Federal Reserve
Rank #12 of 113 yrs
Federal Reserve Balance Sheet Total Assets (USD)
2019 Reading $4,165.59B
YoY Change +$89.95B
Federal Reserve
Rank #9 of 66 yrs
United States Foreign Exchange & Gold Reserves (USD)
2019 Reading $516.70B
YoY Change +$66.79B
Federal Reserve
Rank #24 of 63 yrs
US Dollar (USD) Real Effective Exchange Rate (REER)
2019 Reading 98.56
YoY Change +2.80
Central Bank Policy Rates & Real Interest Rates in 2019 (20 Monetary Authorities)
| Rank | Central Bank | Country / CCY | 2019 Policy Rate | 2019 CPI Inflation | 2019 Ex-Post Real Rate |
|---|---|---|---|---|---|
| #1 | Bank of Mexico (BANXICO) | Mexico (MXN) | 7.25% | 3.64% | +3.61% |
| #2 | South African Reserve Bank (SARB) | South Africa (ZAR) | 6.50% | 4.12% | +2.38% |
| #3 | Reserve Bank of India (RBI) | India (INR) | 5.15% | 3.74% | +1.41% |
| #4 | Bank Indonesia (BI) | Indonesia (IDR) | 5.00% | 3.03% | +1.97% |
| #5 | Central Bank of Brazil (BCB) | Brazil (BRL) | 4.50% | 3.74% | +0.76% |
| #6 | People's Bank of China (PBOC) | China (CNY) | 4.15% | 3.03% | +1.12% |
| #7 | Bank of Canada (BOC) | Canada (CAD) | 1.75% | 1.95% | -0.20% |
| #8 | Central Bank of Chile (BCCH) | Chile (CLP) | 1.75% | 2.55% | -0.80% |
| #9 | Federal Reserve (FED) | United States (USD) | 1.62% | 1.81% | -0.19% |
| #10 | Norges Bank (NORGES) | Norway (NOK) | 1.50% | 2.18% | -0.68% |
| #11 | National Bank of Poland (NBP) | Poland (PLN) | 1.50% | 2.19% | -0.69% |
| #12 | Bank of Korea (BOK) | South Korea (KRW) | 1.25% | 0.38% | +0.87% |
| #13 | Reserve Bank of New Zealand (RBNZ) | New Zealand (NZD) | 1.00% | 1.62% | -0.62% |
| #14 | Bank of England (BOE) | United Kingdom (GBP) | 0.75% | 1.78% | -1.03% |
| #15 | Reserve Bank of Australia (RBA) | Australia (AUD) | 0.75% | 1.59% | -0.84% |
| #16 | European Central Bank (ECB) | Euro Area (EUR) | 0.00% | 1.20% | -1.20% |
| #17 | Bank of Japan (BOJ) | Japan (JPY) | -0.10% | 0.50% | -0.60% |
| #18 | Sveriges Riksbank (RIKSBANK) | Sweden (SEK) | -0.25% | 1.79% | -2.04% |
| #19 | Swiss National Bank (SNB) | Switzerland (CHF) | -0.75% | 0.36% | -1.11% |
| #20 | Danmarks Nationalbank (DNB) | Denmark (DKK) | -0.75% | 0.74% | -1.49% |
Surrounding Decade Context (2014-2024)
| Year | Fed Funds | BoE Rate | BoJ Rate | US CPI | Context |
|---|---|---|---|---|---|
| 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. |
| 2024 | 4.38% | 4.75% | 0.25% | 2.95% | G10 policy rates peak and pivot toward gradual monetary normalization |