| Central Bank | Current Rate | Next Meeting | Last Change | |
|---|---|---|---|---|
| Federal Reserve (FED) | 3.75% | Apr 29, 2026 | Dec 10, 2025 (-25bp) | |
| European Central Bank (ECB) | 2.15% | Apr 30, 2026 | Jun 05, 2025 (-25bp) | |
| Bank of England (BOE) | 3.75% | Apr 30, 2026 | Dec 18, 2025 (-25bp) | |
| Swiss National Bank (SNB) | 0.00% | Mar 19, 2026 | Jun 19, 2025 (-25bp) | |
| Reserve Bank of Australia (RBA) | 4.10% | May 05, 2026 | Mar 17, 2026 (25bp) | |
| Bank of Canada (BOC) | 2.25% | Apr 29, 2026 | Oct 29, 2025 (-25bp) | |
| Reserve Bank of New Zealand (RBNZ) | 2.25% | Apr 08, 2026 | Nov 26, 2025 (-25bp) | |
| Bank of Japan (BOJ) | 0.75% | Apr 29, 2026 | Dec 19, 2025 (25bp) | |
| Central Bank of the Russian Federation (CBR) | 15.00% | Mar 20, 2026 | Mar 20, 2026 (-50bp) | |
| Reserve Bank of India (RBI) | 5.25% | Apr 09, 2026 | Dec 05, 2025 (-25bp) | |
| People's Bank of China (PBOC) | 3.00% | May 20, 2025 (-10bp) | ||
| Central Bank of Brazil (BCB) | 14.75% | Mar 18, 2026 | Mar 18, 2026 (-25bp) | |
| Source: investing.com, tradingeconomics.com. Date: March 30, 2026 05:24 AM | ||||
Data on monetary policy
Data
Current policy Rates
Liquidity
M1, M2, M3
BSI
ig_d("ecb", "BSI", "M1-M2-M3-A")
Short
ig_d("ecb", "BSI_PUB", "M1-M2-M3-A")
Loans to households
All
ig_d("ecb", "BSI", "adjusted-loans-households-FR-DE-IT-U2")
2016-
ig_d("ecb", "BSI", "adjusted-loans-households-FR-DE-IT-U2-2016")
Loans to NFCs
All
ig_d("ecb", "BSI", "adjusted-loans-NFC-FR-DE-IT-U2")
2016-
ig_d("ecb", "BSI", "adjusted-loans-NFC-FR-DE-IT-U2-2016")
Long-term rates
U.S., France, Japan, Germany
ig_d("oecd", "MEI_FIN", "IRLT-FRA-USA-DEU-JPN-2010")
U.S. 10-, 20-, 30- years
ig_d("fred", "r", "DGS10-DGS20-DGS30-2010")
France - 30 ans, 10 ans, 5 ans
ig_d("bdf", "FM", "bons-du-tresor-30ans-10ans")
France, Germany, Italy, Spain, Greece
2005-
ig_d("eurostat", "ei_mfir_m", "MF-LTGBY-RT-FR-DE-IT-ES-EL-2005")
2018-
ig_d("eurostat", "ei_mfir_m", "MF-LTGBY-RT-FR-DE-IT-ES-EL-2018")
France, Germany, Italy, Spain
2005-
ig_d("eurostat", "ei_mfir_m", "MF-LTGBY-RT-FR-DE-IT-ES-2005")
2014-
Interest rates
ig_d("eurostat", "ei_mfir_m", "MF-LTGBY-RT-FR-DE-IT-ES-2014")
Interest rates
ig_d("eurostat", "ei_mfir_m", "MF-LTGBY-RT-FR-DE-IT-ES-spreads-2014")
Europe, Germany, Portugal, Greece
2005-
ig_d("eurostat", "ei_mfir_m", "MF-LTGBY-RT-EA-DE-PT-EL-2005")
2014-
ig_d("eurostat", "ei_mfir_m", "MF-LTGBY-RT-EA-DE-PT-EL-2014")
Policy interest rates
ECB Main short rates rates
All
ig_d("fred", "r", "ECBDFR-ECBMRRFR-ECBMLFR")
2022-
ig_d("ecb", "FM", "DFR-MLFR-MRRRT-2022")
Dates of monetary policy meetings
ig_d("ecb", "FM", "DFR-MLFR-MRRRT-2022-dateschange")
Fed, ECB main short rates
2022-
ig_d("bis", "CBPOL_D", "US-XM-2022-dates2-deposit")
1999-
ig_d("bis", "CBPOL", "US-XM-1999")
Monthly
ig_d("bis", "CBPOL_M", "US-JP-XM-1985")
Real Interest rates
ECB
All
ig_d("ecb", "FM", "real-rates-USA-JPN-EUR")
1999-
ig_d("ecb", "FM", "real-rates-USA-EUR-1999")
2010-
ig_d("ecb", "FM", "real-rates-USA-JPN-EUR-2010")
Lending spreads
ig_d("ecb", "FM", "A2AA225-ERIBR-WT")
U.S. TIPS
ig_d("fred", "r", "DFII10-DFII20-DFII30-2017")
Corporations
AAA, BAA - United States
ig_d("fred", "r", "AAA-BAA-2010")
Loans in France, Germany, Italy
ig_d("ecb", "MIR", "A20-2240-FR-DE-IT")
Housing
U.S.: mortgage, Fed Funds
ig_d("fred", "r", "MORTGAGE15US-MORTGAGE30US-FEDFUNDS-2010")
Lending for house purchases, old loans
France, Belgium, Germany, Netherlands
ig_d("ecb", "MIR", "A22-2018-FR-BE-DE-NL")
France, Germany, Italy, Spain, Netherlands
ig_d("ecb", "MIR", "A22")
Estonia, Lithuania, Latvia, Portugal, Finland, Spain
ig_d("ecb", "MIR", "A22-2018-EE-LT-LV-PT-FI-ES")
Lending for house purchases
ig_d("ecb", "MIR", "A2C-2010")
Miscellaneous interest rates
Germany
ig_d("ecb", "MIR", "DE-A2A-2015")
France
ig_d("ecb", "MIR", "FR-A2A")
Target Balances
France, Germany, Italy, Greece
ig_d("ecb", "TGB", "TGB-A")
Variable VS fixed rates
France, Germany, Netherlands, Belgium, Europe
ig_d("ecb", "RAI", "SVLHPHH-NL-DE-BE-FR-U2")
France, Spain, Portugal, Estonia, Lithuania
ig_d("ecb", "RAI", "SVLHPHH-FR-ES-PT-EE-LT-U2")
France, Spain, Portugal
ig_d("ecb", "RAI", "SVLHPHH-FR-ES-PT")
Poland, Australia, Sweden
ig_d("ecb", "RAI", "SVLHPHH-PL-AU-SE")
Yield Curve
Yield Curve
ig_d("ecb", "YC", "G-N-C-log2")
2 year rate
ig_d("ecb", "YC", "PY-2Y")
10 year rate
ig_d("ecb", "YC", "PY-10Y")
1 year, 10 years
ig_d("ecb", "YC_PUB", "SR-1Y-10Y")
2 years, 5 years, 7 years
ig_d("ecb", "YC_PUB", "SR-2Y-5Y-7Y")
Liquidity
Main Refinancing Operation
ig_d("ecb", "ILM", "MRO-FR-DE-IT")
Liquidity-providing: LTRO, MRO, MLF, NFA
ig_d("ecb", "ILM", "liquidity-providing")
Liquidity-absorbing
ig_d("ecb", "ILM", "liquidity-absorbing")
Programs
ig_d("ecb", "liq_daily", "CBPP1-CBPP2-CBPP3-SMP-ABSPP-PSPP-CSPP-PEPP-2022")
Excess liquidity
ig_d("ecb", "liq_daily", "synthesis")
Deposit facility
ig_d("ecb", "liq_daily", "excess-liq-deposit-facility-current-accounts-2022")
Bank Lending Statistics
Consumer credit + Lending for house purchases
ig_d("ecb", "BLS", "BLS.Q.U2.ALL.Z.H.H-C.B3.ZZ.D.WFNET")
Supervisory Statistics
France, Italy, Germany, Spain, Netherlands,
ig_d("ecb", "SUP", "net-interest-margin-FR-IT-DE-ES-NL-SI")
France, Italy, Germany, Spain, Netherlands, Belgium, Austria, Portugal
ig_d("ecb", "SUP", "net-interest-margin-FR-IT-DE-ES-NL-BE-AT-PT")
Linked Themes
Datasets
| source | dataset | Title | .html | .rData |
|---|---|---|---|---|
| bdf | FM | NA | NA | NA |
| bdf | MIR | NA | NA | NA |
| bdf | MIR1 | NA | NA | NA |
| bis | CBPOL | Policy Rates, Daily | 2026-01-11 | 2026-03-24 |
| ecb | BSI | NA | NA | NA |
| ecb | BSI_PUB | NA | NA | NA |
| ecb | FM | NA | NA | NA |
| ecb | ILM | NA | NA | NA |
| ecb | ILM_PUB | NA | NA | NA |
| ecb | MIR | NA | NA | NA |
| ecb | RAI | NA | NA | NA |
| ecb | SUP | NA | NA | NA |
| ecb | YC | NA | NA | NA |
| ecb | YC_PUB | NA | NA | NA |
| ecb | liq_daily | NA | NA | NA |
| eurostat | ei_mfir_m | Interest rates - monthly data | 2026-03-25 | 2026-03-25 |
| eurostat | irt_st_m | Money market interest rates - monthly data | 2026-03-25 | 2026-03-24 |
| fred | r | Interest Rates | 2026-03-24 | 2026-03-24 |
| oecd | MEI | Main Economic Indicators | 2024-04-16 | 2025-07-24 |
| oecd | MEI_FIN | Monthly Monetary and Financial Statistics (MEI) | 2024-09-15 | 2025-07-24 |
Bibliography
English
“The ECB’s monetary policy stance in an uncertain environment” C. Blot, J. Creel, F. Geerolf, G. Ricco & D. Romelli, Monetary Dialogue Paper, June 2025, requested by the ECON committee, European Parliament. [ pdf] [ html] [ github]
“Economic Policies to combat inflation in Europe” F. Geerolf, In L’économie européenne 2023-2024, La Découverte, pp.42-56, september 2023. [ html] [ pdf] [ github]
“Are inflation dynamics different in the euro area and the United States?” C. Blot & F. Geerolf, Monetary Dialogue Paper, November 2023, requested by the ECON committee, European Parliament. [ pdf] [ html] [ github]
“Excess liquidity in the euro area? Assessment and possible ways forward.” C. Blot, J. Creel & F. Geerolf, Monetary Dialogue Paper, September 2023, requested by the ECON committee, European Parliament. [ pdf] [ html] [ github]
“Is monetary tightening a threat to financial stability?” C. Blot, J. Creel & F. Geerolf, Monetary Dialogue Paper, June 2023, requested by the ECON committee, European Parliament. [ pdf] [ html] [ github]
“The direct and indirect impacts of the war on inflation.” C. Blot, J. Creel & F. Geerolf, Monetary Dialogue Paper, March 2023, requested by the ECON committee, European Parliament. [ pdf] [ html] [ github]
“Heterogeneity of inflation in the euro area: more complicated than it seems.” C. Blot, J. Creel, F. Geerolf & S. Levasseur, Monetary Dialogue Paper, November 2022, requested by the ECON committee, European Parliament. [ pdf] [ html] [ github]
“The Phillips Curve: a Relation between Real Exchange Rate Growth and Unemployment.” F. Geerolf, January 2020. [ pdf]
French
« L’orientation de la politique monétaire de la BCE à l’épreuve de l’incertitude économique » C. Blot, J. Creel, F. Geerolf, G. Ricco & D. Romelli, OFCE Policy brief 147, 15 juillet 2025. [ pdf] [ github]
« Le keynésianisme doit-il faire l’économie de la courbe de Phillips ? » F. Geerolf, In L’économie mondiale 2022, La Découverte, p.73-86, septembre 2021. [ pdf] [ slides-FR] [ slides-EN] [ video]
« La courbe de Phillips n’est pas celle que vous croyez » F. Geerolf, La Lettre du CEPII, n°417, avril 2021. [ pdf] [ html] [ slides-FR] [ slides-EN] [ video]