Central bank interest rates today
The policy interest rates of the Fed, ECB, Bank of England, Bank of Japan, Swiss National Bank, RBA, Bank of Canada, RBNZ, State Bank of Pakistan and Reserve Bank of India: the current rate, the last change and the next decision, each linked to the bank's own page.
| Central bank | Policy rate | Last change | Next decision | Source |
|---|---|---|---|---|
| Federal Reserve (Fed)United States · USD · Federal funds target range | 3.75–4.00% | +0.25 · 17 Sep 2026 | 28 Oct 2026 | federalreserve.gov ↗ |
| European Central Bank (ECB)Euro area · EUR · Deposit facility rate | 2.50% | +0.25 · 16 Sep 2026 | 29 Oct 2026 | ecb.europa.eu ↗ |
| Bank of England (BoE)United Kingdom · GBP · Bank Rate | 3.75% | −0.25 · 18 Dec 2025 | 5 Nov 2026 | bankofengland.co.uk ↗ |
| Bank of Japan (BoJ)Japan · JPY · Short-term policy rate (call rate target) | 1.25% | +0.25 · 24 Sep 2026 | 30 Oct 2026 | boj.or.jp ↗ |
| Swiss National Bank (SNB)Switzerland · CHF · SNB policy rate | 0.00% | −0.25 · 20 Jun 2025 | 10 Dec 2026 | snb.ch ↗ |
| Reserve Bank of Australia (RBA)Australia · AUD · Cash rate target | 4.60% | +0.25 · 30 Sep 2026 | 3 Nov 2026 | rba.gov.au ↗ |
| Bank of Canada (BoC)Canada · CAD · Policy interest rate | 2.25% | −0.25 · 29 Oct 2025 | 28 Oct 2026 | bankofcanada.ca ↗ |
| Reserve Bank of New Zealand (RBNZ)New Zealand · NZD · Official Cash Rate | 2.75% | +0.25 · 2 Sep 2026 | 28 Oct 2026 | rbnz.govt.nz ↗ |
| State Bank of Pakistan (SBP)Pakistan · PKR · Policy rate | 12.00% | +0.50 · 27 Oct 2026 | 14 Dec 2026 | sbp.org.pk ↗ |
| Reserve Bank of India (RBI)India · INR · Policy repo rate | 5.50% | +0.25 · 7 Oct 2026 | 4 Dec 2026 | rbi.org.in ↗ |
How to read the table
- Policy rate is the rate the central bank sets: the Fed sets a range, the ECB's main rate for markets is the deposit facility rate.
- Last change shows the size of the last move in percentage points (+0.25 = a hike of 25 basis points) and the day it took effect.
- Next decision is the next scheduled announcement on the bank's own calendar; a rate can also move between meetings in an emergency.
- Compare two currencies: the higher-rate currency usually pays carry against the lower one. Try it in the interest rate differential calculator.
Questions
Which central bank rate matters most for forex?
The gap between the two currencies' rates and where it is heading. A currency whose central bank is raising rates (or is expected to) tends to attract money; cuts tend to weigh on it.
Why is the Fed shown as a range?
The Federal Reserve sets a target range for the federal funds rate (for example 3.75 to 4.00 percent) instead of a single rate. The calculator uses the middle of the range.
How often are these rates updated?
After every scheduled decision we check the bank's official page and update the table. When a decision day has passed and the row is not updated yet, it says 'decision due' with the link.
How do rate decisions affect gold?
Higher US rates raise the cost of holding gold, which pays no interest, so hikes and a firmer dollar often weigh on gold; cuts tend to support it. Positioning in the COT report shows how funds react.
Where do I see the decisions as they happen?
On our news page, which lists Fed, ECB and other central bank releases with links to the source.