World Bank Interest Rates (2)
|Country||Bank||Name||Value||Last meeting||Next meeting|
Bank of Russia
|Key rate||0.6%||20.03.2020 |
European Central Bank
Federal Reserve System
|Federal Reserve||0.25%||15.03.2020 |
Reserve Bank of Australia
|Interest rate||0.25%||19.03.2020 |
Bank of Japan
|Overnight target interest rate||-0.1%||16.03.2020||29.04.2020|
Reserve Bank of New Zealand
|Interest rate||0.25%||16.03.2020 |
Bank of Switzerland
|LIibor three-month interest rate range||-0.75%||19.03.2020||18.06.2020|
Bank of Canada
|Overnight target interest rate||0.75%||13.03.2020 |
Bank of England
|Interest rate||0.1%||19.03.2020 |
Publications of past meetings
Interest rates of world banks are the most effective leverage by which central banks influence the current activity of inflation growth and the value of the national currency. Interest rates approved by the central banks of the world are one of the decisive factors that have an impact on the current rate of all currency pairs represented on the Forex market.
The easing of monetary policy by the state usually leads to an increase in business activity. Against this background, inflation is rising and the national currency is becoming cheaper. On the contrary, the increase in current interest rates by the Central banks of the world, contribute to lower domestic business activity, lower inflation and leads to the strengthening of the national currency.
Interest rates higher than expected by the market lead to bullish or upward movements. Lower bets - to a downtrend or bearish trend. Given that over 75% of Forex settlements are made in US dollars, changes in interest rates in the United States have a major impact on the entire world currency market.