Where central bank policy rates stand across 39 jurisdictions — and what they look like after inflation.
| Economy | Policy Rate | Real Rate | Last Move | Change | VS Peak | Target Inflation | Target Gap | VS USD | 90D BPS | Debt/GDP | GDP Growth | Next Decision | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turkey | 37.00% Sep 18, 2026 | +2.12% | Jan 22, 2026 | ▼ 100 bps | ▼ 2000 bps | 5.0% | +32.00% | -14.0% | 0 | 25.5% | +3.4% | — | |
| Argentina | 29.00% Jul 10, 2025 | -190.88% | Jan 30, 2025 | ▼ 300 bps | — | None | — | — | — | 70.4% | +3.5% | — | |
| Russia | 14.00% Sep 22, 2026 | +5.28% | Jul 24, 2026 | ▼ 25 bps | — | 4.0% | — | — | — | 19.1% | +1.1% | Oct 23, 2026 | |
| Brazil | 13.75% Sep 22, 2026 | +8.73% | Sep 16, 2026 | ▼ 25 bps | — | 3.0% | — | — | — | 96.5% | +1.9% | Nov 4, 2026 | |
| Colombia | 12.00% Sep 22, 2026 | +6.86% | Jun 30, 2026 | ▲ 75 bps | — | 3.0% | — | — | — | 60.9% | +2.3% | Oct 30, 2026 | |
| Iceland | 8.00% Sep 22, 2026 | +3.91% | Aug 18, 2026 | ▲ 25 bps | ▼ 1000 bps | 2.5% | +5.50% | +3.9% | +25 | 53.6% | +1.9% | — | |
| South Africa | 7.00% Sep 21, 2026 | +3.79% | May 28, 2026 | ▲ 25 bps | ▼ 1699 bps | 3.0% | +4.00% | +0.9% | 0 | 78.9% | +1.0% | — | |
| Romania | 6.50% Sep 22, 2026 | -0.69% | Aug 7, 2024 | ▼ 25 bps | ▼ 1475 bps | 2.5% | +4.00% | -7.0% | 0 | 61.9% | +0.7% | — | |
| Mexico | 6.50% Sep 22, 2026 | +2.69% | May 7, 2026 | ▼ 25 bps | — | 3.0% | — | — | — | 62.7% | +1.6% | Nov 5, 2026 | |
| Serbia | 5.75% Sep 11, 2026 | +1.86% | Sep 11, 2024 | ▼ 25 bps | — | 3.0% | — | — | — | 42.6% | +2.8% | Oct 9, 2026 | |
| Indonesia | 5.75% Sep 18, 2026 | +3.84% | Jun 17, 2026 | ▲ 25 bps | ▼ 700 bps | 2.5% | +3.25% | -7.5% | 0 | 41.5% | +5.0% | — | |
| Hungary | 5.50% Sep 16, 2026 | +1.09% | Aug 25, 2026 | ▼ 25 bps | — | 3.0% | — | — | — | 77.9% | +1.7% | Oct 20, 2026 | |
| India | 5.25% Jul 23, 2026 | +2.85% | Dec 4, 2025 | ▼ 25 bps | ▼ 675 bps | 4.0% | +1.25% | -6.8% | 0 | 83.4% | +6.5% | — | |
| Philippines | 5.00% Sep 18, 2026 | +3.34% | Aug 27, 2026 | ▲ 25 bps | — | 3.0% | — | — | — | 60.2% | +4.1% | Oct 22, 2026 | |
| Chile | 4.50% Sep 22, 2026 | +0.29% | Dec 16, 2025 | ▼ 25 bps | ▼ 950 bps | 3.0% | +1.50% | -6.8% | 0 | 42.5% | +2.4% | — | |
| Australia | 4.35% Sep 17, 2026 | +1.48% | May 5, 2026 | ▲ 25 bps | — | 2.5% | — | — | — | 50.6% | +2.0% | Sep 29, 2026 | |
| Peru | 4.25% Sep 21, 2026 | +2.72% | Sep 11, 2025 | ▼ 25 bps | ▼ 350 bps | 2.0% | +2.25% | -0.9% | 0 | 30.0% | +2.8% | — | |
| North Macedonia | 4.25% Sep 22, 2026 | +0.18% | Jun 16, 2026 | ▲ 25 bps | ▼ 1575 bps | None | — | -3.2% | 0 | 53.1% | +3.1% | — | |
| Norway | 4.25% Sep 16, 2026 | +1.19% | May 7, 2026 | ▲ 25 bps | — | 2.0% | — | — | — | 42.9% | +1.5% | Nov 5, 2026 | |
| Saudi Arabia | 4.25% Sep 13, 2026 | +2.17% | Dec 9, 2025 | ▼ 25 bps | ▼ 275 bps | None | — | +0.0% | 0 | 32.1% | +3.1% | — | |
| Hong Kong | 4.00% Sep 15, 2026 | +2.56% | Dec 10, 2025 | ▼ 25 bps | ▼ 400 bps | None | — | -0.8% | 0 | 14.1% | +2.4% | — | |
| United States | 3.88% Sep 22, 2026 | +0.93% | Sep 16, 2026 | ▲ 25 bps | ▼ 1848 bps | 2.0% | +1.88% | — | +25 | 125.8% | +2.3% | — | |
| Czech Republic | 3.75% Sep 21, 2026 | +1.29% | Jun 18, 2026 | ▲ 25 bps | — | 2.0% | — | — | — | 46.4% | +2.2% | Nov 5, 2026 | |
| Poland | 3.75% Sep 22, 2026 | -0.06% | Mar 4, 2026 | ▼ 25 bps | — | 2.5% | — | — | — | 65.7% | +3.3% | Oct 7, 2026 | |
| United Kingdom | 3.75% Sep 21, 2026 | -0.13% | Dec 17, 2025 | ▼ 25 bps | ▼ 1325 bps | 2.0% | +1.75% | -1.5% | 0 | 103.6% | +0.8% | — | |
| Kuwait | 3.50% Sep 22, 2026 | +1.14% | Dec 10, 2025 | ▼ 25 bps | ▼ 275 bps | None | — | -0.2% | 0 | 22.3% | -0.6% | — | |
| Israel | 3.50% Jul 31, 2026 | +0.46% | Jul 8, 2026 | ▼ 25 bps | ▼ 1350 bps | 2.0% | +1.50% | +3.9% | -50 | 69.8% | +3.5% | — | |
| China | 3.00% Sep 19, 2026 | +2.94% | May 19, 2025 | ▼ 10 bps | ▼ 906 bps | 2.0% | +1.00% | +4.2% | 0 | 106.9% | +4.4% | — | |
| South Korea | 3.00% Aug 28, 2026 | +0.88% | Aug 26, 2026 | ▲ 25 bps | ▼ 225 bps | 2.0% | +1.00% | +6.0% | +50 | 54.4% | +1.9% | — | |
| Malaysia | 2.75% Sep 22, 2026 | +1.37% | Jul 8, 2025 | ▼ 25 bps | ▼ 825 bps | None | — | -0.6% | 0 | 69.5% | +4.7% | — | |
| New Zealand | 2.75% Sep 18, 2026 | -0.09% | Sep 2, 2026 | ▲ 25 bps | — | 2.0% | — | — | — | 56.7% | +2.1% | Oct 28, 2026 | |
| Euro Area | 2.50% Sep 22, 2026 | +0.03% | Sep 15, 2026 | ▲ 25 bps | ▼ 225 bps | 2.0% | +0.50% | -3.3% | +25 | — | — | — | |
| Morocco | 2.25% Aug 31, 2026 | +1.55% | Mar 19, 2025 | ▼ 25 bps | ▼ 275 bps | None | — | -5.2% | 0 | 65.8% | +4.9% | — | |
| Canada | 2.25% Sep 21, 2026 | +0.18% | Oct 29, 2025 | ▼ 25 bps | ▼ 1899 bps | 2.0% | +0.25% | -3.5% | 0 | 110.7% | +1.5% | — | |
| Denmark | 2.10% Sep 21, 2026 | +0.21% | Sep 10, 2026 | ▲ 25 bps | ▼ 1290 bps | None | — | -3.4% | +25 | 27.4% | +2.0% | — | |
| Sweden | 1.75% Sep 22, 2026 | +1.07% | Sep 30, 2025 | ▼ 25 bps | — | 2.0% | — | — | — | 36.7% | +2.0% | Nov 3, 2026 | |
| Thailand | 1.00% Sep 17, 2026 | +1.13% | Feb 24, 2026 | ▼ 25 bps | ▼ 400 bps | 2.0% | -1.00% | -6.0% | 0 | 66.8% | +1.5% | — | |
| Japan | 1.00% Sep 22, 2026 | -2.17% | Jun 16, 2026 | ▲ 25 bps | ▼ 800 bps | 2.0% | -1.00% | -0.1% | 0 | 204.4% | +0.7% | — | |
| Switzerland | 0.00% Sep 22, 2026 | -0.15% | Jun 19, 2025 | ▼ 25 bps | ▼ 700 bps | None | — | -4.9% | 0 | 38.5% | +1.3% | — |