Cash Rate

United States

US federal funds, with peer official rates.

US desk: effective fed funds first; UK, euro area, Australia, Canada, NZ, Korea and Taiwan alongside.

SeriesRateLast changeAs of
US federal funds effective rate3.88%+0.25 pp vs previous readingBank of England Bank Rate3.75%-0.25 pp on Dec 17, 2025ECB deposit facility rate2.50%+0.25 pp on Sep 15, 2026Australia cash rate target4.35%+0.25 pp on May 5, 2026Canada target for the overnight rate2.25%-0.25 pp on Oct 29, 2025Japan policy rate1.00%+0.25 pp on Jun 16, 2026India repo rate5.25%-0.25 pp on Dec 4, 2025Bank of Korea Base Rate3.00%+0.25 pp on Aug 26, 2026Taiwan CBC discount rate2.00%+0.13 pp on Mar 21, 2024Brazil Selic target14.00%-0.25 pp on Aug 5, 2026Mexico overnight target rate6.50%-0.25 pp on May 7, 2026Switzerland SNB policy rate0.00%-0.25 pp on Jun 19, 2025Sweden policy rate1.75%-0.25 pp on Sep 30, 2025Norway policy rate4.25%+0.25 pp on May 7, 2026South Africa repo rate7.00%+0.25 pp on May 28, 2026New Zealand Official Cash Rate2.50%+0.25 pp on Jul 8, 2026SONIA sterling overnight index average3.73%0.00 pp vs previous readingEuro short-term rate (€STR)2.44%0.00 pp vs previous readingCanadian Overnight Repo Rate Average (CORRA)2.29%+0.01 pp on Sep 14, 2026NZ floating first-mortgage new-customer housing rate6.07%+0.25 pp vs previous readingNZ 90-day bank bill yield3.01%+0.01 pp on Aug 21, 2026NZ 6-month term deposit rate3.45%-0.01 pp on May 31, 2026

About these rates

The EFFR measures unsecured overnight funding in US dollars. Since the observation for 1 March 2016, it has been a volume-weighted median; earlier observations used a volume-weighted mean. It is a market rate, distinct from the FOMC’s policy target range. This page’s latest value uses daily DFF; its long history and summary statistics use monthly FEDFUNDS, beginning in 1954.

This page brings together central-bank policy rates, overnight market benchmarks such as SONIA, €STR and CORRA, and New Zealand lending and deposit rates from RBNZ surveys. These measures serve different purposes and are not interchangeable. Each series links to its history, definition, source and licence.

Choosing a country changes the order of the series, not their values or coverage. Euro-area countries share the ECB series; the site does not create national policy rates for them. Figures come from official files and are republished without alteration. Missing data is not estimated. Retail lending and deposit rates are available only for New Zealand. Readings may lag their source and are not financial advice.