Global Interest Rates & Central Bank Statistics in 2022
Global inflation surge triggers fastest synchronized rate hiking cycle in four decades Inspect 12 headline monetary indicators and 20 reporting central bank policy rates recorded in 2022.
Headline Monetary Indicators in 2022
Federal Reserve
Rank #31 of 73 yrs
Federal Funds Effective Rate (United States)
2022 Reading 4.38%
YoY Change +4.26 pp
European Central Bank
Rank #9 of 28 yrs
ECB Main Policy Interest Rate (Euro Area)
2022 Reading 2.50%
YoY Change +2.50 pp
Bank of England
Rank #59 of 81 yrs
Bank of England Official Base Rate (United Kingdom)
2022 Reading 3.50%
YoY Change +3.25 pp
Bank of Japan
Rank #68 of 75 yrs
Bank of Japan Policy Interest Rate (Japan)
2022 Reading -0.10%
YoY Change 0.00 pp
Reserve Bank of Australia
Rank #41 of 51 yrs
RBA Cash Rate Target (Australia)
2022 Reading 3.10%
YoY Change +3.00 pp
Swiss National Bank
Rank #55 of 81 yrs
Swiss National Bank Policy Interest Rate (Switzerland)
2022 Reading 1.00%
YoY Change +1.75 pp
Bank of Canada
Rank #35 of 67 yrs
Bank of Canada Target Overnight Rate (Canada)
2022 Reading 4.25%
YoY Change +4.00 pp
Federal Reserve
Rank #13 of 113 yrs
United States Inflation Rate (CPI YoY %)
2022 Reading 8.01%
YoY Change +3.32 pp
Bank of England
Rank #19 of 113 yrs
United Kingdom Inflation Rate (CPI YoY %)
2022 Reading 9.03%
YoY Change +6.45 pp
Federal Reserve
Rank #2 of 113 yrs
Federal Reserve Balance Sheet Total Assets (USD)
2022 Reading $8,551.17B
YoY Change $-206.29B
Federal Reserve
Rank #5 of 66 yrs
United States Foreign Exchange & Gold Reserves (USD)
2022 Reading $706.64B
YoY Change $-9.51B
Federal Reserve
Rank #15 of 63 yrs
US Dollar (USD) Real Effective Exchange Rate (REER)
2022 Reading 106.87
YoY Change +9.04
Central Bank Policy Rates & Real Interest Rates in 2022 (20 Monetary Authorities)
| Rank | Central Bank | Country / CCY | 2022 Policy Rate | 2022 CPI Inflation | 2022 Ex-Post Real Rate |
|---|---|---|---|---|---|
| #1 | Central Bank of Brazil (BCB) | Brazil (BRL) | 13.75% | 9.34% | +4.41% |
| #2 | Central Bank of Chile (BCCH) | Chile (CLP) | 11.25% | 11.61% | -0.36% |
| #3 | Bank of Mexico (BANXICO) | Mexico (MXN) | 10.50% | 7.89% | +2.61% |
| #4 | South African Reserve Bank (SARB) | South Africa (ZAR) | 7.00% | 6.85% | +0.15% |
| #5 | National Bank of Poland (NBP) | Poland (PLN) | 6.75% | 14.37% | -7.62% |
| #6 | Reserve Bank of India (RBI) | India (INR) | 6.25% | 6.68% | -0.43% |
| #7 | Bank Indonesia (BI) | Indonesia (IDR) | 5.50% | 4.21% | +1.29% |
| #8 | Federal Reserve (FED) | United States (USD) | 4.38% | 8.01% | -3.63% |
| #9 | Bank of Canada (BOC) | Canada (CAD) | 4.25% | 6.80% | -2.55% |
| #10 | Reserve Bank of New Zealand (RBNZ) | New Zealand (NZD) | 4.25% | 7.17% | -2.92% |
| #11 | People's Bank of China (PBOC) | China (CNY) | 3.65% | 1.91% | +1.74% |
| #12 | Bank of England (BOE) | United Kingdom (GBP) | 3.50% | 9.03% | -5.53% |
| #13 | Bank of Korea (BOK) | South Korea (KRW) | 3.25% | 5.09% | -1.84% |
| #14 | Reserve Bank of Australia (RBA) | Australia (AUD) | 3.10% | 6.61% | -3.51% |
| #15 | Norges Bank (NORGES) | Norway (NOK) | 2.75% | 5.76% | -3.01% |
| #16 | European Central Bank (ECB) | Euro Area (EUR) | 2.50% | 8.36% | -5.86% |
| #17 | Sveriges Riksbank (RIKSBANK) | Sweden (SEK) | 2.50% | 8.34% | -5.84% |
| #18 | Danmarks Nationalbank (DNB) | Denmark (DKK) | 1.75% | 7.68% | -5.93% |
| #19 | Swiss National Bank (SNB) | Switzerland (CHF) | 1.00% | 2.83% | -1.83% |
| #20 | Bank of Japan (BOJ) | Japan (JPY) | -0.10% | 2.51% | -2.61% |
Surrounding Decade Context (2017-2026)
| Year | Fed Funds | BoE Rate | BoJ Rate | US CPI | Context |
|---|---|---|---|---|---|
| 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 |
| 2025 | 3.62% | 3.75% | 0.75% | 2.69% | Post-tightening monetary recalibration across advanced and emerging central banks |
| 2026 | 3.88% | 3.75% | 1.25% | 3.30% | Global monetary policy and central bank balance sheet ledger for 2026. |