Mapped: Interest Rates by Country in 2025
Key Takeaways
- The U.S. has kept the interest rate steady, but foresees two cuts coming in 2025.
- Venezuela has the highest interest rate of 59.4% as the country continues to battle high inflation.
- Switzerland and Fiji have the lowest interest rates of 0.25%.
Amid economic uncertainty, how are central banks setting interest rates? Business leaders are watching to see whether rates will be lowered, held, or raised.
In this Markets in a Minute graphic, in partnership with Terzo, we show rates around the world.
Interest Rates by Country
Using data from Trading Economics, here are current rates set by countries’ central banks.
| Country | Interest Rate (%) |
|---|---|
| Fiji | 0.25 |
| Switzerland | 0.25 |
| Japan | 0.50 |
| Cambodia | 0.78 |
| Seychelles | 1.75 |
| Thailand | 1.75 |
| Denmark | 1.85 |
| Botswana | 1.90 |
| Barbados | 2.00 |
| Taiwan | 2.00 |
| Singapore | 2.23 |
| Bulgaria | 2.24 |
| Belize | 2.25 |
| Cuba | 2.25 |
| Morocco | 2.25 |
| Sweden | 2.25 |
| Euro Area | 2.40 |
| Cape Verde | 2.50 |
| Albania | 2.75 |
| Canada | 2.75 |
| South Korea | 2.75 |
| Algeria | 3.00 |
| Libya | 3.00 |
| Malaysia | 3.00 |
| New Caledonia | 3.00 |
| China | 3.10 |
| Bolivia | 3.44 |
| New Zealand | 3.50 |
| Trinidad and Tobago | 3.50 |
| Czech Republic | 3.50 |
| Bahamas | 4.00 |
| Costa Rica | 4.00 |
| Kuwait | 4.00 |
| Papua New Guinea | 4.00 |
| Australia | 4.10 |
| Bosnia and Herzegovina | 4.14 |
| United Arab Emirates | 4.40 |
| United States | 4.38 |
| Cameroon | 4.50 |
| Gabon | 4.50 |
| Guatemala | 4.50 |
| Israel | 4.50 |
| Mauritius | 4.50 |
| Norway | 4.50 |
| United Kingdom | 4.50 |
| Vietnam | 4.50 |
| Equatorial Guinea | 4.50 |
| Republic of the Congo | 4.50 |
| Hong Kong | 4.75 |
| Macau | 4.75 |
| Peru | 4.75 |
| Chad | 5.00 |
| Central African Republic | 5.00 |
| Chile | 5.00 |
| Guyana | 5.00 |
| Oman | 5.00 |
| Saudi Arabia | 5.00 |
| Qatar | 5.10 |
| Bahrain | 5.25 |
| Poland | 5.25 |
| Macedonia | 5.35 |
| Benin | 5.50 |
| Brunei | 5.50 |
| Burkina Faso | 5.50 |
| Guinea Bissau | 5.50 |
| Iraq | 5.50 |
| Ivory Coast | 5.50 |
| Mali | 5.50 |
| Niger | 5.50 |
| Philippines | 5.50 |
| Senegal | 5.50 |
| Togo | 5.50 |
| El Salvador | 5.59 |
| Dominican Republic | 5.75 |
| Honduras | 5.75 |
| Indonesia | 5.75 |
| Serbia | 5.75 |
| India | 6.00 |
| Jamaica | 6.00 |
| Paraguay | 6.00 |
| Tanzania | 6.00 |
| Nicaragua | 6.25 |
| Bhutan | 6.38 |
| Hungary | 6.50 |
| Jordan | 6.50 |
| Moldova | 6.50 |
| Nepal | 6.50 |
| Romania | 6.50 |
| Rwanda | 6.50 |
| Armenia | 6.75 |
| Mauritania | 6.75 |
| Namibia | 6.75 |
| Maldives | 7.00 |
| Swaziland | 7.00 |
| Azerbaijan | 7.25 |
| Lesotho | 7.25 |
| South Africa | 7.50 |
| Tunisia | 7.50 |
| Iceland | 7.75 |
| Georgia | 8.00 |
| Sri Lanka | 8.00 |
| Tajikistan | 8.25 |
| Ecuador | 8.40 |
| Kyrgyzstan | 9.00 |
| Mexico | 9.00 |
| Myanmar | 9.00 |
| Uruguay | 9.25 |
| Colombia | 9.25 |
| Belarus | 9.50 |
| Madagascar | 9.50 |
| Uganda | 9.75 |
| Bangladesh | 10.00 |
| Kenya | 10.00 |
| Laos | 10.00 |
| Sao Tome and Principe | 10.00 |
| Suriname | 10.00 |
| Guinea | 10.25 |
| Pakistan | 11.00 |
| Mozambique | 11.75 |
| Burundi | 12.00 |
| Mongolia | 12.00 |
| South Sudan | 12.00 |
| Uzbekistan | 14.00 |
| Brazil | 14.25 |
| Zambia | 14.50 |
| Ethiopia | 15.00 |
| Ukraine | 15.50 |
| Kazakhstan | 16.50 |
| Gambia | 17.00 |
| Haiti | 17.00 |
| Liberia | 17.00 |
| Angola | 19.50 |
| Lebanon | 20.00 |
| Russia | 21.00 |
| Iran | 23.00 |
| Sierra Leone | 24.75 |
| Congo | 25.00 |
| Egypt | 25.50 |
| Malawi | 26.00 |
| Nigeria | 27.50 |
| Ghana | 28.00 |
| Argentina | 29.00 |
| Zimbabwe | 35.00 |
| Turkey | 46.00 |
| Venezuela | 59.36 |
Data as of May 7, 2025. The U.S. rate has been manually adjusted to reflect the midpoint of the target range.
The U.S. has kept the target range at 4.25-4.50%. In their decision, the Federal Reserve cited that although an influx of imports caused a GDP decline, economic activity has “continued to expand at a solid pace.” The Federal Reserve also noted that the unemployment rate has stabilized at a low level, but that inflation remains somewhat elevated and economic uncertainty has increased.
In their latest economic projections in March, the Federal Reserve forecast that there will likely be two rate cuts by the end of 2025, bringing the target range down to 3.75-4.00%.
The Lowest and Highest Rates
Switzerland and Fiji have the lowest rate of 0.25%. The Swiss National Bank (SNB) lowered its rate by a quarter point in March, citing increasing uncertainty over the global impact of U.S. trade policies. The country’s inflation has since fallen to 0% in April, and the SNB has indicated they are ready to cut rates further to maintain price stability.
On the other hand, Venezuela (59.4%) and Türkiye (46.0%) have the highest rates globally. Central banks in both countries are responding to high inflation and dropping currency values against the U.S. dollar.
Smart Insights for a Changing Market
Interest rates are just one of the changing variables that affect company finances. As the market moves, get real-time contract and spending insights.
Learn more about how Terzo’s AI insights can help your business.
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