Central Bank Interest Rates

This page provides a guide to the current interest rates of several central banks from around the world. These are the rates at which central banks lend money to commercial banks. Interest rates are a viable tool used by central banks to conduct their countries’ monetary policies.

Click on the name of а country and you will see a historical graphic representation of the changes to its central bank’s interest rate.

How central bank interest rates affect currency trading

Interest rates play an important role in determining the prices of currencies. Since current interest rates are set by the central banks, the latter are the most influential players whose decisions determine the flow of investments to a certain country.
Since, generally speaking, a currency is the representation of a country’s economy, differences in interest rates affect the relative worth of one currency compared to another.
Changes to central banks’ interest rates usually cause movements, and sometimes high volatility, on the Forex market.
Careful speculation on central banks’ actions can increase a trader's chances for making profit.