Refinancing rates of central banks, Russia and countries of the world
From 2010 to 2023, annual central bank refinancing rates fluctuated according to the economic conditions in various countries. This dataset presents indicators for Russia, Belarus, Hungary, and several other countries, with a total of 53 rows. Each row corresponds to an individual country, enabling comparisons of interest rate levels between nations and tracking their annual dynamics
Chart of refinancing rates in Russia and around the world from 2010 to 2023, in percent
- Belarus
- Republic of Moldova
- Uzbekistan
- Kyrgyzstan
- Serbia
- Azerbaijan
- Indonesia
- Israel
- China
- Morocco
Set in numbers
Rosstat data for 2010–2023. Series: 53, periods: 8. Table rows: Russia; Belarus; Hungary; Poland; Republic of Moldova and others
Belarus: the indicator fell from 10.5 to 9.5 in 2010–2023 — by 9.52%. The highest value was 25 (2015), the lowest was 7.75 (2020). This is an average annual decline of 0.77%. Up to 2020 the change was −26.2%, after 2020 it was +22.6%. Of the 24 largest series, 15 increased and 9 decreased
All table numbers are series: 53
| Series | 2010 | 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Россия | 7,75 | 8,25 | 7,75 | 6,25 | 4,25 | 8,50 | 7,50 | 16,00 |
| Австрия | 1,75 | 0,30 | — | — | — | — | — | — |
| Беларусь | 10,50 | 25,00 | 10,00 | 9,00 | 7,75 | 9,25 | 12,00 | 9,50 |
| Бельгия | 1,75 | 0,30 | — | — | — | — | — | — |
| Болгария | 0,18 | 0,01 | — | — | — | — | 1,30 | 3,80 |
| Венгрия | 5,75 | 1,35 | 0,90 | 0,90 | 0,60 | 2,40 | 13,00 | 10,75 |
| Германия | 1,75 | 0,30 | — | — | — | — | — | — |
| Греция | 1,75 | 0,30 | — | — | — | — | — | — |
| Дания | 0,75 | — | — | — | — | -0,60 | 1,75 | 3,60 |
| Ирландия | 1,75 | 0,30 | — | — | — | — | — | — |
| Испания | 1,75 | 0,30 | — | — | — | — | — | — |
| Италия | 1,75 | 0,30 | — | — | — | — | — | — |
| Латвия | 3,50 | 0,30 | — | — | — | — | — | — |
| Норвегия | 2,00 | 0,75 | 0,75 | 1,50 | — | 0,50 | 2,75 | 4,50 |
| Польша | 6,00 | 3,58 | 3,50 | 3,50 | 1,96 | 1,79 | 6,85 | 7,94 |
| Португалия | 1,75 | 0,30 | — | — | — | — | — | — |
| Республика Молдова | 7,00 | 19,50 | 6,50 | 5,50 | 2,65 | 6,50 | 20,00 | 4,75 |
| Румыния | 6,25 | 1,75 | 2,50 | 2,50 | 1,50 | 1,75 | 6,75 | 7,00 |
| Сербия | 11,50 | 4,50 | 3,00 | 2,25 | 1,00 | 1,00 | 5,00 | 6,50 |
| Словакия | 1,75 | 0,30 | — | — | — | — | — | — |
| Словения | 1,75 | 0,30 | — | — | — | — | — | — |
| Украина | 7,75 | 22,00 | 18,00 | 13,50 | 6,00 | 9,00 | — | — |
| Финляндия | 1,75 | 0,30 | — | — | — | — | — | — |
| Швейцария | 0,05 | -1,16 | -0,94 | -0,96 | -0,88 | -0,84 | -0,39 | 1,05 |
| Швеция | 0,54 | 0,01 | — | — | — | — | — | — |
| Азербайджан | 3,00 | 3,00 | 9,75 | 7,50 | 6,25 | 7,25 | 8,25 | 8,00 |
| Армения | 7,25 | 8,75 | 6,00 | 5,50 | 5,25 | 7,75 | 10,75 | 9,25 |
| Бангладеш | 5,00 | 5,00 | 5,00 | 5,00 | 4,00 | 4,00 | 4,00 | 4,00 |
| Вьетнам | 9,00 | 6,50 | 6,25 | 6,00 | 4,00 | 4,00 | 6,00 | 4,50 |
| Израиль | 2,02 | 0,10 | 0,25 | 0,25 | 0,10 | 0,10 | 3,30 | 4,86 |
| Индия | 6,00 | 7,75 | 6,75 | 5,40 | 4,25 | 4,25 | — | — |
| Индонезия | 6,50 | 7,50 | 6,00 | 5,00 | 3,75 | 3,50 | 5,50 | 6,00 |
| Казахстан | 7,00 | 5,50 | 9,25 | 9,25 | 9,00 | 9,75 | 16,75 | 15,75 |
| Киргизия | 5,50 | 10,00 | 4,75 | 4,25 | 5,00 | 8,00 | 13,00 | 13,00 |
| Китай | 3,25 | 2,90 | 2,90 | 2,90 | 2,90 | 2,90 | 2,90 | 2,90 |
| Пакистан | 14,00 | 6,50 | 10,50 | 13,75 | 8,00 | 10,75 | — | — |
| Республика Корея | 1,25 | 0,75 | 0,50 | 0,50 | 0,25 | 0,25 | 1,75 | 2,00 |
| Таджикистан | 8,25 | 8,00 | 14,00 | 12,25 | 10,75 | 13,25 | 13,00 | 10,00 |
| Таиланд | 2,50 | 2,00 | 2,25 | 1,75 | 1,00 | 1,00 | 1,75 | 3,00 |
| Турция | 14,00 | 9,00 | 18,50 | 12,75 | 15,75 | 15,75 | 9,75 | — |
| Узбекистан | 14,00 | 9,00 | 16,00 | 16,00 | 14,00 | 14,00 | 15,00 | 14,00 |
| Филиппины | 4,00 | 4,13 | — | — | — | — | — | — |
| Япония | 0,30 | 0,30 | — | — | — | — | — | — |
| Алжир | 4,00 | 4,00 | 3,75 | 3,75 | 3,75 | 3,75 | 3,75 | 3,75 |
| Египет | 8,50 | 9,75 | 17,25 | 12,75 | 8,75 | 8,75 | 16,75 | 19,75 |
| Марокко | 3,25 | 2,50 | 2,25 | 2,25 | 1,50 | 1,50 | 2,50 | 3,00 |
| Объединенная Республика Танзания | 7,58 | 16,00 | 7,00 | 7,00 | 5,00 | — | — | — |
| Южно-Африканская Республика | 5,50 | 6,25 | 6,75 | 6,50 | 3,50 | 3,75 | 7,00 | 8,25 |
| Бразилия | 17,30 | 21,00 | 12,78 | 10,87 | 8,01 | 15,29 | 20,47 | 18,58 |
| Канада | 1,00 | 0,50 | 1,75 | 1,75 | 0,25 | 0,25 | 4,25 | 5,00 |
| США | 0,75 | 1,00 | 3,00 | 2,25 | 0,25 | — | — | — |
| Чили | 3,12 | 3,35 | — | — | — | — | — | — |
| Новая Зеландия | 3,00 | 2,50 | 1,75 | 1,00 | 0,25 | 0,75 | 4,25 | 5,50 |
How to read this table
The rows illustrate differing approaches to monetary policy in Russia and abroad. Comparing indicators for Russia, Belarus, and Hungary alongside other countries helps assess interest rate spreads at an international level. During periods of high market volatility, values across rows may differ significantly, reflecting varying inflation rates and economic cycles
What is visible in these numbers
The five highest values: Belarus (25), Republic of Moldova (20), Egypt (19.8), Kazakhstan (16.8), Russia (16). The gap between the highest and lowest is 21.6 times. The top five account for 38.7% of the total sum across all positions
Observations are annual; the dataset contains 8 observation periods. There are 200 values in the table out of 200 possible, which is 100% — missing data are virtually absent
The same indicator for other periods
More in the section Russia and countries of the world»
Period and application
The coverage period is from 2010 to 2023, with data regularly updated by Rosstat. This information is useful for economists, investors, and students analyzing global financial trends. Data are presented in percent, facilitating easy comparison of values across all listed countries
How it is calculated
Table notes: According to the Bank of Russia; as of 1 January 2016, the key rate of the Bank of Russia replaced the refinancing rate. Refinancing rate for euro area countries
1) По данным Банка России; с 1 января 2016 г. вместо ставки рефинансирования действует ключевая ставка Банка России.
2) Ставка рефинансирования для стран зоны евро.
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