Global Interest Rates & Central Bank Statistics in 2023
Global monetary policy and central bank balance sheet ledger for 2023. Inspect 12 headline monetary indicators and 20 reporting central bank policy rates recorded in 2023.
Headline Monetary Indicators in 2023
Federal Reserve
Rank #22 of 73 yrs
Federal Funds Effective Rate (United States)
2023 Reading 5.38%
YoY Change +1.00 pp
European Central Bank
Rank #2 of 28 yrs
ECB Main Policy Interest Rate (Euro Area)
2023 Reading 4.50%
YoY Change +2.00 pp
Bank of England
Rank #41 of 81 yrs
Bank of England Official Base Rate (United Kingdom)
2023 Reading 5.25%
YoY Change +1.75 pp
Bank of Japan
Rank #68 of 75 yrs
Bank of Japan Policy Interest Rate (Japan)
2023 Reading -0.10%
YoY Change 0.00 pp
Reserve Bank of Australia
Rank #34 of 51 yrs
RBA Cash Rate Target (Australia)
2023 Reading 4.35%
YoY Change +1.25 pp
Swiss National Bank
Rank #40 of 81 yrs
Swiss National Bank Policy Interest Rate (Switzerland)
2023 Reading 1.75%
YoY Change +0.75 pp
Bank of Canada
Rank #29 of 67 yrs
Bank of Canada Target Overnight Rate (Canada)
2023 Reading 5.00%
YoY Change +0.75 pp
Federal Reserve
Rank #33 of 113 yrs
United States Inflation Rate (CPI YoY %)
2023 Reading 4.14%
YoY Change -3.87 pp
Bank of England
Rank #25 of 113 yrs
United Kingdom Inflation Rate (CPI YoY %)
2023 Reading 7.37%
YoY Change -1.66 pp
Federal Reserve
Rank #3 of 113 yrs
Federal Reserve Balance Sheet Total Assets (USD)
2023 Reading $7,712.78B
YoY Change $-838.39B
Federal Reserve
Rank #3 of 66 yrs
United States Foreign Exchange & Gold Reserves (USD)
2023 Reading $773.43B
YoY Change +$66.79B
Federal Reserve
Rank #13 of 63 yrs
US Dollar (USD) Real Effective Exchange Rate (REER)
2023 Reading 106.96
YoY Change +0.09
Central Bank Policy Rates & Real Interest Rates in 2023 (20 Monetary Authorities)
| Rank | Central Bank | Country / CCY | 2023 Policy Rate | 2023 CPI Inflation | 2023 Ex-Post Real Rate |
|---|---|---|---|---|---|
| #1 | Central Bank of Brazil (BCB) | Brazil (BRL) | 11.75% | 4.60% | +7.15% |
| #2 | Bank of Mexico (BANXICO) | Mexico (MXN) | 11.25% | 5.55% | +5.70% |
| #3 | South African Reserve Bank (SARB) | South Africa (ZAR) | 8.25% | 5.92% | +2.33% |
| #4 | Central Bank of Chile (BCCH) | Chile (CLP) | 8.25% | 7.69% | +0.56% |
| #5 | Reserve Bank of India (RBI) | India (INR) | 6.50% | 5.66% | +0.84% |
| #6 | Bank Indonesia (BI) | Indonesia (IDR) | 6.00% | 3.73% | +2.27% |
| #7 | National Bank of Poland (NBP) | Poland (PLN) | 5.75% | 11.61% | -5.86% |
| #8 | Reserve Bank of New Zealand (RBNZ) | New Zealand (NZD) | 5.50% | 5.75% | -0.25% |
| #9 | Federal Reserve (FED) | United States (USD) | 5.38% | 4.14% | +1.24% |
| #10 | Bank of England (BOE) | United Kingdom (GBP) | 5.25% | 7.37% | -2.12% |
| #11 | Bank of Canada (BOC) | Canada (CAD) | 5.00% | 3.90% | +1.10% |
| #12 | European Central Bank (ECB) | Euro Area (EUR) | 4.50% | 5.48% | -0.98% |
| #13 | Norges Bank (NORGES) | Norway (NOK) | 4.50% | 5.52% | -1.02% |
| #14 | Reserve Bank of Australia (RBA) | Australia (AUD) | 4.35% | 5.60% | -1.25% |
| #15 | Sveriges Riksbank (RIKSBANK) | Sweden (SEK) | 4.00% | 8.63% | -4.63% |
| #16 | Danmarks Nationalbank (DNB) | Denmark (DKK) | 3.60% | 3.38% | +0.22% |
| #17 | Bank of Korea (BOK) | South Korea (KRW) | 3.50% | 3.61% | -0.11% |
| #18 | People's Bank of China (PBOC) | China (CNY) | 3.45% | 0.24% | +3.21% |
| #19 | Swiss National Bank (SNB) | Switzerland (CHF) | 1.75% | 2.14% | -0.39% |
| #20 | Bank of Japan (BOJ) | Japan (JPY) | -0.10% | 3.26% | -3.36% |
Surrounding Decade Context (2018-2026)
| Year | Fed Funds | BoE Rate | BoJ Rate | US CPI | Context |
|---|---|---|---|---|---|
| 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. |