Explore how major central banks moved policy rates through inflation shocks, crises, zero-rate regimes and normalization cycles. Each archive separates the current policy setting from historical rate changes and the framework in which those decisions were made.
Latest verified policy settings, not market-implied rates.
United States
Euro Area
United Kingdom
Japan
Switzerland
Canada
Australia
New Zealand
Sweden
Norway
Sorted by the numeric policy-rate representation used by BondStats.
| Central bank | Policy rate | Latest move | Current phase | Currency |
|---|---|---|---|---|
| Reserve Bank of AustraliaCash rate target | 4.35% | +25 bp · effective May 6, 2026 | Renewed tightening / hold | AUD |
| Norges BankPolicy rate | 4.25% | +25 bp · May 7, 2026 | Renewed tightening / hold | NOK |
| Bank of EnglandBank Rate | 3.75% | −25 bp · Dec 18, 2025 | Post-easing hold | GBP |
| Federal ReserveFederal funds target range | 3.50–3.75% | −25 bp · Dec 11, 2025 | Post-easing hold | USD |
| Reserve Bank of New ZealandOfficial Cash Rate | 2.75% | +25 bp · Sep 2, 2026 | Renewed tightening | NZD |
| European Central BankDeposit facility rate | 2.25% | +25 bp · effective Jun 17, 2026 | Re-tightening / hold | EUR |
| Bank of CanadaTarget for the overnight rate | 2.25% | −25 bp · Oct 29, 2025 | Easing-cycle hold | CAD |
| Sveriges RiksbankPolicy rate | 1.75% | −25 bp · effective Oct 1, 2025 | Easing-cycle hold | SEK |
| Bank of JapanUncollateralized overnight call-rate guideline | Around 1.00% | +25 bp · effective Jun 17, 2026 | Policy normalization | JPY |
| Swiss National BankSNB policy rate | 0.00% | −25 bp · effective Jun 20, 2025 | Zero-rate hold | CHF |
Central-bank operating frameworks change. The Fed uses a target range, the ECB now primarily steers through the deposit facility, the BoJ moved through balance-sheet targets, negative rates and yield-curve control, while the SNB previously used a three-month Libor target range. The archive keeps those transitions visible instead of forcing every regime into a misleading single series.
A 25-basis-point move means something different at the start of a hiking cycle, during an emergency cut or after years at the effective lower bound. Each central-bank page therefore pairs the rate-change path with a policy-regime timeline and a description of how the rate transmits into bonds, funding markets and currencies.