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Macro Economics

Global Interest Rates

Track monetary policy across the Top 8 major central banks. The spread between two countries' interest rates is the primary driver of their currency pair.

Real Interest Rate

Real Rate = (Interest Rate - Inflation). A higher Real Rate attracts foreign investment, making the currency fundamentally stronger.

πŸ‡ΊπŸ‡Έ

USD

United States

Federal Reserve (FED)

Interest Rate

5.50%

Inflation (CPI)

3.00%

Real Rate

+2.50%
Hold
Sept 18, 2024
πŸ‡³πŸ‡Ώ

NZD

New Zealand

Reserve Bank of New Zealand (RBNZ)

Interest Rate

5.25%

Inflation (CPI)

3.30%

Real Rate

+1.95%
Cut
Oct 09, 2024
πŸ‡¬πŸ‡§

GBP

United Kingdom

Bank of England (BOE)

Interest Rate

5.00%

Inflation (CPI)

2.00%

Real Rate

+3.00%
Cut
Sept 19, 2024
πŸ‡¨πŸ‡¦

CAD

Canada

Bank of Canada (BOC)

Interest Rate

4.50%

Inflation (CPI)

2.70%

Real Rate

+1.80%
Cut
Sept 04, 2024
πŸ‡¦πŸ‡Ί

AUD

Australia

Reserve Bank of Australia (RBA)

Interest Rate

4.35%

Inflation (CPI)

3.80%

Real Rate

+0.55%
Hold
Sept 24, 2024
πŸ‡ͺπŸ‡Ί

EUR

Eurozone

European Central Bank (ECB)

Interest Rate

4.25%

Inflation (CPI)

2.60%

Real Rate

+1.65%
Cut
Sept 12, 2024
πŸ‡¨πŸ‡­

CHF

Switzerland

Swiss National Bank (SNB)

Interest Rate

1.25%

Inflation (CPI)

1.30%

Real Rate

-0.05%
Cut
Sept 26, 2024
πŸ‡―πŸ‡΅

JPY

Japan

Bank of Japan (BOJ)

Interest Rate

0.25%

Inflation (CPI)

2.80%

Real Rate

-2.55%
Hike
Sept 20, 2024

Note: Interest rates and CPI inflation data represent the latest official releases. Central banks typically meet 8 times per year. In the future, an admin interface can be used to easily update these figures on meeting days without touching the code.

pepperstone
EURUSD1.08342GBPUSD1.25474USDJPY151.699USDCAD1.36098XAUUSD2345.50BTCUSD64230.00
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