Interest Rate

Elevated inflation rates continue to force major central banks to raise borrowing costs despite signs that falling demand may increase recession risks. The FOMC 2-day meeting kicks off on Tuesday, and the Fed is expected to announce a 25bps increase in the fed funds rate, dialing back the size of the increase for a second straight meeting, but still pushing the borrowing costs to 4.5%-4.75%, the highest since 2007. On Thursday, the Bank of England is set to raise the key Bank Rate by 50bps to 4%, the same as in December, pushing it to the highest since 2008. Meanwhile, the ECB is due to deliver a second straight 50bps increase on Thursday, pushing the deposit rate to 2.5%, also the highest since 2008. Investors will also keep a close eye on policymakers' next steps, especially whether they plan to keep hiking rates or if the tightening cycle is coming close to an end. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Interest Rate. This page provides values for Interest Rate reported in several countries. The table has current values for Interest Rate, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to historical data charts.