Interest rates in the UK, Europe and beyond

At a time when financial uncertainty is never far from our minds, we thought it might help if we show you where the UK sits when it comes to interest rates. Currently at 0.750%, the rate increased from 0.500% in August 2018.

Euro REFI’s interest rate is 0.00%, which decreased from 0.05% in March 2016. The European Central Bank (ECB) is the central bank for the eurozone – it’s the bank of the EU countries which accept the Euro, all 19 of them.  

Elsewhere in the world, the American interest rate FED is down at 1.750%, from 2.000% in October 2019. And the Canadian interest rate BOC stands at 1.750% from 1.500% in October 2018.

The Swiss interest rate SNB has remained at -0.750% since 2015.

The Chinese interest rate PBC stands at 4.150%, down from 4.200% in October of last year. And the Japanese interest rate BoJ has remained at -0.100 % since January 2016.

The Australian interest rate RBA is currently 0.750% and has been since January 2019. While the New Zealand interest rate changed from 1.500% in July of last year to 1.000%.

For any financial, property or mortgage information that you may need, call us at any time. We will always be glad to throw some light on the current state of affairs.

January 2020