European City Vienna
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










Interest Rates Report – March 2020

Caproasia Institute | March 2020

Caproasia Institute releases the Interest Rates Report for March 2020.

Data includes 20 central banks, number of meetings in March 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.



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
6th March Hong Kong | 13th March Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th March 2024 in Hong Kong, 13th March 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
10th April Hong Kong | 24th April Singapore

Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





More: 2018 Most Influential Central Banks

Interest Rates Report March 2020:

  • Central Bank Rates Changes
  • Top 20 Central Bank Rates
  • Interbank Rates

 

Central Bank Rates in March 2020

National Flags of European Countries

Central Banks Coverage: 20

All 20 Central banks held meetings in March 2020No central bank increased interest rate.  15 central banks decreased interest rate.  5 central banks maintained interest rate.

  • Total number of Central Bank meetings in March 2020: 20
  • Total number of interest rate increase: 0
  • Total number of interest rate decrease: 15
  • Total number of interest rate remain: 5

” 20 central bank meetings, 0 increase, 15 decrease and 5 maintain in March 2020″

 

Rate Decrease in March 2020

S/N Country Central Bank Previous Rate New Rate Change Effective from
1 United States Fed 1.50% – 1.75% 0.00% – 0.25% Decrease 1.50% 15/3/20
2 United Kingdom BOE 0.75% 0.10% Decrease 0.65% 26/3/20
3 India RBI 5.15% 4.40% Decrease 0.75% 27/3/20
4 Brazil BCB 4.25% 3.75% Decrease 0.50% 19/3/20
5 Canada BOC 1.75% 0.25% Decrease 1.50% 27/3/20
6 Australia RBA 0.75% 0.25% Decrease 0.50% 19/3/20
7 New Zealand RBNZ 1.00% 0.25% Decrease 0.75% 16/3/20
8 Korea BOK 1.25% 0.75% Decrease 0.5% 17/3/20
9 Hong Kong SAR HKMA 2.00% 0.86% Decrease 1.14% 16/3/20
10 Taiwan CBC 1.375% 1.125% Decrease 0.25% 19/3/20
11 Indonesia BI 4.75% 4.50% Decrease 0.25% 19/3/20
12 Malaysia BNM 2.75% 2.50% Decrease 0.25% 3/3/20
13 Thailand BOT 1.00% 0.75% Decrease 0.25% 3/3/20
14 Philippines BSP 3.75% 3.25% Decrease 0.5% 20/3/20
15 Vietnam SBV 6.00% 5.00% Decrease 1.00% 17/3/20

Source: Caproasia Institute

 

March 2020 Changes

Of the 20 Central Bank meetings in March 2020, 15 Central Banks decreased interest rate in March 2020.

  • US (Fed) decrease interest rate to 0% – 0.25% range
  • BOE** decrease interest rate to 0.10%
  • India (RBI) decrease interest rate by 0.75% from 5.15% to 4.40%
  • Brazil (BCB) decrease interest rate by 0.55% from 4.25% to 3.75%
  • Canada (BOC) decrease interest rate by 1.50% from 1.75% to 0.25%
  • Australia (RBA) decrease interest rate by 0.50% from 0.75% to 0.25%
  • New Zealand (RBNZ) reduce by interest rate 0.75% from 1% to 0.25%
  • Korea decrease interest rate by 0.50% from 1.25% to 0.75%
  • Hong Kong decrease interest rate by 1.14% from 2.00% to 0.86%
  • Taiwan decrease interest rate by 0.25% from 1.375% to 1.125%
  • Indonesia decrease interest rate by 0.25% from 4.75% to 0.25%
  • Malaysia decrease interest rate by 0.25% from 2.75% to 2.50%
  • Thailand decrease interest rate by 0.25% from 1.00% to 0.25%
  • Philippines decrease interest rate by 0.50% from 3.75% to 3.25%
  • Vietnam decrease interest rate by 1.00% from 6.00% to 5.00%

 

Rate Unchanged in March 2020

S/N Country Central Bank Previous Rate New Rate Change Effective from
1 European Union ECB* 0.00% 0.00% No Change 12/3/20
2 China PBOC 4.05% 4.05% No Change 20/3/20
3 Japan BOJ -0.10% -0.10% No Change 16/3/20
4 Russia CBR 6.00% 6.00% No Change 20/3/20
5 Switzerland SNB -0.75% -0.75% No Change 19/3/20

 

Source: Caproasia Institute

March 2020 Unchanged

Of the 20 Central Bank meetings in March 2020, 5 Central Banks maintained interest rate.

  • ECB* maintain interest rate at 0.00%
  • China (PBOC) maintain interest rate at 4.05%
  • Japan (BOJ) maintain interest rate at -0.10%
  • Russia (CBR) maintain interest rate at 6.00%
  • Switzerland (SNB) maintain interest rate at -0.75%

 


 

Notes

United States Central Bank (Fed) held 2 meetings in March 2020.

  • 3rd of March 2020 – decrease interest rate by 0.5% from 1.50% – 1.75% to 1% – 1.25% range
  • 15th of March 2020 – decrease interest rate by 1% to 0% to 0.25% range

In March 2020, the Fed decrease interest rate by a total of 1.5% from 1.50% – 1.75% range to 0% to 0.25% range.

Bank of England (BOE) held 3 meetings in March 2020.

  • 11th of March 2020 – BOE decrease interest rate by 0.25% from 0.75% to 0.50%.
  • 19th March 2020 – BOE decrease interest rate by 0.40% to 0.10%.
  • 26th March 2020 – BOE maintain interest rate at 0.10%.

In March 2020, BOE decrease interest rate by a total of 0.65% from 0.75% to 0.10%.

Reserve Bank of Australia (RBA) held 2 meetings in March 2020.

  • 3rd March 2020 – RBA reduce interest rate by 0.25% from 0.75% to 0.50%.
  • 19th March 2020 – RBA reduce interest rate by 0.25% from 0.50% to 0.25%.

Bank of Canada (BOC) held 3 meetings in March 2020.

  • 4th March 2020 – BOC decrease interest by 0.50% from 1.75% to 1.25%.
  • 16th March 2020 – BOC decrease interest rate by 0.50% from 1.25% to 0.75%.
  • 27th March 2020 – BOC decrease interest rate by 0.50% from 0.75% to 0.25%.

^ Hong Kong SAR (HKMA) held 2 meetings in March 2020:

  • 4th March – decrease interest rate by 0.5% from 2% to 1.5%
  • 16th March – decrease interest rate by 0.64% from 1.5% to 0.86%

^^ Thailand (BOT) held 2 meetings in March 2020:

  • 23rd March – decrease interest rate by 0.25% from 1% to 0.75%
  • 25th March – maintain interest rate at 0.75%

 

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% 0% – 0.25% Decrease 1.50% 15/3/20
2 European Union ECB* 0.00% 0.00% No Change 12/3/20
3 China PBOC 4.05% 4.05% No Change 20/3/20
4 Japan BOJ -0.10% -0.10% No Change 16/3/20
5 United Kingdom BOE 0.75% 0.10% Decrease 0.65% 26/3/20
6 India RBI 5.15% 4.40% Decrease 0.75% 27/3/20
7 Brazil BCB 4.25% 3.75% Decrease 0.50% 19/3/20
8 Canada BOC 1.75% 0.25% Decrease 1.50% 27/3/20
9 Russia CBR 6.25% 6.00% No Change 20/3/20
10 Australia RBA 0.75% 0.25% Decrease 0.50% 19/3/20
11 New Zealand RBNZ 1.00% 0.25% Decrease 0.75% 16/3/20
12 Switzerland SNB -0.75% -0.75% No Change 19/3/20
13 Korea BOK 1.25% 0.75% No Change 17/3/20
14 Hong Kong SAR HKMA 2.00% 0.86% Decrease 1.14% 16/3/20
15 Taiwan CBC 1.375% 1.125% Decrease 1.14% 19/3/20
16 Indonesia BI 4.75% 4.75% Decrease 0.25% 19/3/20
17 Malaysia BNM 2.75% 2.50% Decrease 0.25% 3/3/20
18 Thailand BOT 1.00% 0.75% Decrease 0.25% 3/3/20
19 Philippines BSP 3.75% 3.25% Decrease 0.50% 20/3/20
20 Vietnam SBV 6.00% 5.00% Decrease 1.00% 17/3/20

 

Source: Caproasia Institute

*ECB – Main refinancing operations: 0%, Marginal lending facility: 0.25%, Deposit facility: – 0.50%

 

3 Month Interbank Rates – March 2020

Currency Interbank Rates Feb March MOM
USD LIBOR 1.4628% 1.4505% -0.0122%
EUR EURIBOR -0.4240% -0.3630% 0.0610%
GBP GBP LIBOR 0.6728% 0.5955% -0.0773%
JPY JPY LIBOR -0.0760% -0.0488% 0.0272%
CHF CHF LIBOR -0.7352% -0.6654% 0.0698%
SGD SIBOR 1.6891% 1.0194% -0.6697%
HKD HIBOR 1.8884% 1.9348% 0.0464%
AED EIBOR 1.8850% 1.7262% -0.1588%

 

Source: Caproasia Institute

Updated: 4th April 2020

 

March 2020 Reports:
February 2020 Reports:

 

List of 20 Central Banks

  1. Fed – Federal Reserve (United States)
  2. ECB – European Central Bank* (European Union)
  3. PBOC – People’s Bank of China (China)
  4. BOJ – Bank of Japan (Japan)
  5. BOE – Bank of England (United Kingdom**)
  6. RBI – Reserve Bank of India (India)
  7. BCB – Banco Central do Brasil (Brazil)
  8. BOC – Bank of Canada (Canada)
  9. CBR – Central Bank of Russia (Russia)
  10. RBA – Reserve Bank of Australia^ (Australia)
  11. RBNZ – Reserve Bank of New Zealand
  12. SNB – Swiss National Bank
  13. BOK – Bank of Korea
  14. HKMA – Hong Kong Monetary Authority
  15. CBC – Central Bank of China, Taiwan
  16. BI – Bank Indonesia
  17. BNM – Bank Negara Malaysia
  18. BOT – Bank of Thailand
  19. BSP – Bangko Sentral ng Pilipinas
  20. 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.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    InvestorProfessionalFamily OfficeExecutive


    SubscriptionMembershipEvents


    Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights










    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous articleInfluential Central Bank Rates – March 2020
    Next articleTop Videos of IMF World Economic Outlook 2020 Report
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia