World Central Banks

The Reserve Bank of New Zealand left its official cash rate/OCR unchanged at a record low of 0.25%

Policymakers noted that the domestic economy deteriorated since the previous meeting due to the coronavirus pandemic and projected that the sharp contraction in activity will likely reduce inflation and employment below the Bank’s objectives for several y...

The Bank of England voted unanimously to maintain the key bank rate at a record low of 0.1% on May 7th 2020, in line with market forecasts.

Policymakers also left the bond buying program at £645 billion, although two members voted for a £100 billion increase, in a further sign that fresh stimulus may be under way.

The Reserve Bank of Australia left the cash rate unchanged at a record low of 0.25%

Policymakers noted that the economy is going through a difficult period, and projected that output will likely shrink by around 10% over the H1 and by 6% over the year as a whole.

The US Federal Reserve announced on April 30th it is expanding the scope and eligibility for the Main Street Lending Program

to help small and medium-sized businesses hit by the Covid-19 crisis access affordable credit.

The ECB left its key interest rates unchanged

but lowered the interest rate on an emergency loan program for banks (TLTRO III) and offered a new series of non-targeted pandemic emergency longer-term refinancing operations (PELTROs) to provide extra liquidity to banks.

Interest rates

Country Rate Value
USA Federal Funds 0,25 %
Switzerland 3 Month LIBOR Range -0.75 %
United Kingdom Repo Rate 0,10 %
EU Refinancing Tender 0,00 %
Japan Overnight Call Rate -0,10 %
New Zealand Official Cash Rate 0,25 %
Australia Cash Rate 0,25 %
Canada Overnight Rate Target 0,25 %
All rates
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