Key Central Bank Rates – February 2020
Caproasia Institute | February 2020
Caproasia Institute releases the Key Central Bank Rates for February 2020.
Data includes the latest central bank rates, previous rates, interest rate changes and effective date from last central bank announcement.
” RBA and RBNZ maintained interest rate at 0.75% and 1.00%, respectively in february 2020 “
The Key Central Banks:
- Fed – Federal Reserve
- ECB* – European Central Bank
- BOJ – Bank of Japan
- BOE – Bank of England
- BOC – Bank of Canada
- RBA – Reserve Bank of Australia
- RBNZ – Reserve Bank of New Zealand
- SNB – Swiss National Bank
More: 2018 Most Influential Central Banks
Key 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% | 0% | No Change | 23/1/20 |
| 3 | Japan | BOJ | -0.10% | -0.10% | No Change | 21/1/20 |
| 4 | United Kingdom** | BOE | 0.75% | 0.75% | No Change | 30/1/20 |
| 5 | Canada | BOC | 1.75% | 1.75% | No Change | 22/1/20 |
| 6 | Australia | RBA | 0.75% | 0.75% | No Change | 4/2/20 |
| 7 | New Zealand | RBNZ | 1.00% | 1.00% | No Change | 12/2/20 |
| 8 | Switzerland | SNB | -0.75% | -0.75% | No Change | 12/12/19 |
Source: Caproasia Institute
February 2020 Meetings
There are 2 central bank meetings in February 2020. RBA (Reserve Bank of Australia) maintained interest rate at 0.75%, with effect from 4th February 2020. RBNZ (Reserve Bank of New Zealand) maintained interest rate at 1.00%, with effect from 12th February 2020.
- Australia maintain interest rate at 0.75%
- New Zealand maintain interest rate at 1.00%
Previous Meetings
- US (Fed) maintain interest rate at 1.5% – 1.75% range (Jan 2020)
- ECB* maintain interest rate at 0.00% (Jan 2020)
- Japan maintain interest rate at -0.10% (Jan 2020)
- BOE** maintain interest rate at 0.75% (Jan 2020)
- Canada maintain interest rate at 1.75% (Jan 2020)
- Switzerland maintain interest rate at -0.75% (Dec 2019)
*ECB – Main refinancing operations: 0%, Marginal lending facility: 0.25%, Deposit facility: – 0.50%
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
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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