Interest Rates Report – February 2020
Caproasia Institute | February 2020
Caproasia Institute releases the Interest Rates Report for February 2020.
Data includes 20 central banks, number of meetings in February 2020, central bank rate announcement and changes. Find related reports including key central bank rates, Asia central bank rates, influential central bank rates and interbank rates.
More: 2018 Most Influential Central Banks
Central Bank Rates in February 2020
Central Banks Coverage: 20
There were 10 central bank meetings in February 2020. No central bank increased interest rate. 6 central banks decreased interest rate. 4 central banks maintained interest rate.
- Total number of Central Bank meetings in February 2020: 10
- Total number of interest rate increase: 0
- Total number of interest rate decrease: 6
- Total number of interest rate remain: 4
” 10 central bank meetings, 0 increase, 6 decrease and 4 maintain in February 2020″
Rate Decrease in February 2020
S/N | Country | Central Bank | Previous Rate | New Rate | Change | Effective from |
1 | China | PBOC | 4.15% | 4.05% | Decrease 0.10% | 20/2/20 |
2 | Brazil | BCB | 4.50% | 4.25% | Decrease 0.25% | 6/2/20 |
3 | Russia | CBR | 6.25% | 6.00% | Decrease 0.25% | 7/2/20 |
4 | Indonesia | BI | 5.00% | 4.75% | Decrease 0.25% | 20/2/20 |
5 | Thailand | BOT | 1.25% | 1.00% | Decrease 0.25% | 5/2/20 |
6 | Philippines | BSP | 4.00% | 3.75% | Decrease 0.25% | 6/2/20 |
Source: Caproasia Institute
February 2020 Changes
Of the 10 Central Bank meetings in February 2020, 6 Central Banks decreased interest rate in February 2020.
- China decrease interest rate by 0.10% from 4.15% to 4.05%
- Brazil decrease interest rate by 0.25% from 4.50% to 4.25%
- Russia decrease interest rate by 0.25% from 6.25% to 6.00%
- Indonesia decrease interest rate by 0.25% from 5.00% to 4.75%
- Thailand decrease interest rate by 0.25% from 1.25% to 1.00%
- Philippines decrease interest rate by 0.25% from 4.00% to 3.75%
Rate Unchanged in February 2020
S/N | Country | Central Bank | Previous Rate | New Rate | Change | Effective from |
1 | India | RBI | 5.15% | 5.15% | No Change | 6/2/20 |
2 | Australia | RBA | 0.75% | 0.75% | No Change | 4/2/20 |
3 | New Zealand | RBNZ | 1.00% | 1.00% | No Change | 12/2/20 |
4 | Korea | BOK | 1.25% | 1.25% | No Change | 27/2/20 |
Source: Caproasia Institute
February 2020 Unchanged
Of the 10 Central Bank meetings in February 2020, 4 Central Banks maintained interest rate in February 2020.
- India maintain interest rate at 5.15%
- Australia maintain interest rate at 0.75%
- New Zealand maintain interest rate at 1.00%
- BOK maintain interest rate at 1.25%
List of 20 Central Bank Rates
S/N | Country | Central Bank | Previous Rate | New Rate | Change | Effective from |
1 | United States | Fed | 1.50% – 1.75% | 1.50% – 1.75% | No Change | 29/1/20 |
2 | European Union | ECB* | 0.00% | 0.00% | No Change | 23/1/20 |
3 | China | PBOC | 4.15% | 4.05% | Decrease 0.1% | 20/2/20 |
4 | Japan | BOJ | -0.10% | -0.10% | No Change | 21/1/20 |
5 | United Kingdom | BOE | 0.75% | 0.75% | No Change | 30/1/20 |
6 | India | RBI | 5.15% | 5.15% | No Change | 6/2/20 |
7 | Brazil | BCB | 4.50% | 4.25% | Decrease 0.25% | 6/2/20 |
8 | Canada | BOC | 1.75% | 1.75% | No Change | 22/1/20 |
9 | Russia | CBR | 6.25% | 6.00% | Decrease 0.25% | 7/2/20 |
10 | Australia | RBA | 0.75% | 0.75% | No Change | 4/2/20 |
11 | New Zealand | RBNZ | 1.00% | 1.00% | No Change | 12/2/20 |
12 | Switzerland | SNB | -0.75% | -0.75% | No Change | 12/12/19 |
13 | Korea | BOK | 1.25% | 1.25% | No Change | 27/2/20 |
14 | Hong Kong SAR | HKMA | 2.25% | 2.00% | Decrease 0.25% | 31/10/19 |
15 | Taiwan | CBC | 1.375% | 1.375% | No Change | 19/12/19 |
16 | Indonesia | BI | 5.00% | 4.75% | Decrease 0.25% | 20/2/20 |
17 | Malaysia | BNM | 3.00% | 2.75% | Decrease 0.25% | 22/1/20 |
18 | Thailand | BOT | 1.25% | 1.00% | Decrease 0.25% | 5/2/20 |
19 | Philippines | BSP | 4.00% | 3.75% | Decrease 0.25% | 6/2/20 |
20 | Vietnam | SBV | 6.25% | 6.00% | Decrease 0.25% | 16/9/19 |
Source: Caproasia Institute
*ECB – Main refinancing operations: 0%, Marginal lending facility: 0.25%, Deposit facility: – 0.50%
Interbank Rates – February 2020
Currency | Interbank Rates | 3 Mths Rate | Date |
USD | LIBOR | 1.4628% | 28/2/20 |
EUR | EURIBOR | -0.4240% | 28/2/20 |
GBP | GBP LIBOR | 0.6728% | 28/2/20 |
JPY | JPY LIBOR | -0.0760% | 28/2/20 |
CHF | CHF LIBOR | -0.7352% | 28/2/20 |
SGD | SIBOR | 1.6891% | 28/2/20 |
HKD | HIBOR | 1.8884% | 28/2/20 |
AED | EIBOR | 1.8850% | 28/2/20 |
Source: Caproasia Institute
Updated: 4th March 2020
February 2020 Reports:
- Interest Rates Report – February 2020
- Key Central Bank Rates – February 2020
- Asia Central Bank Rates – February 2020
- Influential Central Bank Rates – February 2020
- Interbank Rates – February 2020
List of 20 Central Banks
- Fed – Federal Reserve (United States)
- ECB – European Central Bank* (European Union)
- PBOC – People’s Bank of China (China)
- BOJ – Bank of Japan (Japan)
- BOE – Bank of England (United Kingdom**)
- RBI – Reserve Bank of India (India)
- BCB – Banco Central do Brasil (Brazil)
- BOC – Bank of Canada (Canada)
- CBR – Central Bank of Russia (Russia)
- RBA – Reserve Bank of Australia^ (Australia)
- RBNZ – Reserve Bank of New Zealand
- SNB – Swiss National Bank
- BOK – Bank of Korea
- HKMA – Hong Kong Monetary Authority
- CBC – Central Bank of China, Taiwan
- BI – Bank Indonesia
- BNM – Bank Negara Malaysia
- BOT – Bank of Thailand
- BSP – Bangko Sentral ng Pilipinas
- SBV- State Bank of Vietnam
Data Source: Caproasia Institute
Notes
* The European Central Bank represents 19 European nations using Euro (€) as official currency. The 19 nations are Germany, Spain, France, Italy, Netherlands, Belgium, Estonia, Ireland, Greece, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Austria, Portugal, Slovenia, Slovakia and Finland. The European Union GDP and Population includes only the 19 European nations that are members of European Central Bank.
European Union (EU) comprises of 28 nations. The 28 nations are Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and United Kingdom.
On 29th March 2017, the UK notified the European Council of its intention to leave the EU by triggering of Article 50 of the Lisbon Treaty. The United Kingdom currently remains a full member of the EU.
** United Kingdom comprises of 4 countries: England, Scotland, Wales and Northern Ireland.
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