Comparison of interest rates of countries.Comparison of interest rates of countries with historical events
Key data points
Last release
—
Observation period
Nov 7, 2024
Next release
—
Forecast
—
Highest
20.00 % on May 8, 1981
Lowest
0.25 % on Feb 28, 2022
About US interest rate
In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate.
Related indicators
Frequently Asked Questions
US interest rate is 4.75% at the moment.
Last month US interest rate was 4.75%, and the month before that it amounted to 5%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.