Photographs: Tarek Mostafa/Reuters.
Interest rate is the price a borrower pays for the money borrowed from a lender.
Banks borrow money from the central bank then lend the money at a higher rate to make profits.
Interest rates give an idea about the state of a national economy. Lower interest rates can boost domestic investment, business and productivity.
Take a look at interest rates across the world according to worldinterestrates.info...
Egypt
Current Rate: 9.25%
Previous Rate: 8.25%
Change: 1%
Last Change: Nov 24 2011
...
Highest and lowest interest rates across the world
Photographs: Danish Siddiqui/Reuters.
India
Current Rate: 7.75%
Previous Rate: 8%
Change: -0.25%
Last Change: Jan 29 2013
...
Highest and lowest interest rates across the world
Photographs: Reuters.
Brazil
Current Rate: 7.25%
Previous Rate: 7.5%
Change: -0.25%
Last Change: Oct 10 2012
...
Highest and lowest interest rates across the world
Photographs: Reuters.
China
Current Rate: 6%
Previous Rate: 6.31%
Change: -0.31%
Last Change: Jul 05 2012
...
Highest and lowest interest rates across the world
Photographs: Egrian/Wikimedia Commons.
Hungary
Current Rate: 6%
Previous Rate:6.25%
Change: -0.25%
Last Change: Nov 27 2012
...
Highest and lowest interest rates across the world
Photographs: Courtesy, Central Bank of Iceland.
Iceland
Current Rate: 6%
Previous Rate: 5.75%
Change: 0.25%
Last Change: Nov 14 2012
...
Highest and lowest interest rates across the world
Photographs: Courtesy, Central Bank of Indonesia.
Indonesia
Current Rate: 5.75%
Previous Rate:6%
Change: -0.25%
Last Change: Feb 09 2012
...
Highest and lowest interest rates across the world
Photographs: Courtesy, banknotes.it
Turkey
Current Rate: 5.75%
Previous Rate:6.25%
Change: -0.5%
Last Change: Aug 05 2011
...
Highest and lowest interest rates across the world
Photographs: Courtesy, Central Bank of Chile.
Chile
Current Rate: 5%
Previous Rate: 5.25%
Change: -0.25%
Last Change: Jan 13 2012
...
Highest and lowest interest rates across the world
Photographs: Courtesy, South African Reserve Bank.
South Africa
Current Rate: 5%
Previous Rate:5.5%
Change: -0.5%
Last Change: Jul 19 2012
...
Highest and lowest interest rates across the world
Photographs: Thelmadatter/Wikimedia Commons.
Mexico
Current Rate: 4.5%
Previous Rate:4.75%
Change: -0.25%
Last Change: Jul 17 2009
...
Highest and lowest interest rates across the world
Photographs: Lestath/Wikimedia Commons.
Poland
Current Rate: 4.5%
Previous Rate:4.75%
Change: -0.25%
Last Change: Nov 07 2012
...
Highest and lowest interest rates across the world
Photographs: Pedro Felipe/Wikimedia Commons.
Colombia
Current Rate: 4.25%
Previous Rate: 4.5%
Change: -0.25%
Last Change: Jan 04 2013
...
Highest and lowest interest rates across the world
Photographs: Ramon FVelasquez/Wikimedia Commons.
Philippines
Current Rate: 3.5%
Previous Rate: 3.75%
Change: -0.25%
Last Change: Oct 25 2012
...
Highest and lowest interest rates across the world
Photographs: Tim Wimborne/Reuters.
Australia
Current Rate: 3%
Previous Rate:3.25%
Change: -0.25%
Last Change: Dec 05 2012
...
Highest and lowest interest rates across the world
Photographs: Wikimedia Commons.
Malaysia
Current Rate: 3%
Previous Rate:2.75%
Change: 0.25%
Last Change: Jul 08 2010
...
Highest and lowest interest rates across the world
Photographs: Sodacan/Wikimedia Commons.
Thailand
Current Rate: 2.75%
Previous Rate:3%
Change: -0.25%
Last Change: Oct 17 2012
...
Highest and lowest interest rates across the world
Photographs: Kaflan/Wikimedia Commons.
Republic of Korea
Current Rate: 2.75%
Previous Rate:3.25%
Change: -0.5%
Last Change: Oct 11 2012
...
Highest and lowest interest rates across the world
Photographs: Kaihsu Tai/Wikimedia Commons.
New Zealand
Current Rate: 2.5%
Previous Rate:3%
Change: -0.5%
Last Change: Mar 09 2011
...
Highest and lowest interest rates across the world
Photographs: Taiwan Junior/Wikimedia Commons.
Taiwan
Current Rate: 1.875%
Previous Rate:1.75%
Change: 0.125%
Last Change: Jul 01 2011
...
Highest and lowest interest rates across the world
Photographs: Ester Inbar/Wikimedia Commons.
Israel
Current Rate: 1.75%
Previous Rate:2%
Change: -0.25%
Last Change: Dec 24 2012
...
Highest and lowest interest rates across the world
Photographs: Wikimedia Commons.
Norway
Current Rate: 1.5%
Previous Rate:1.75%
Change: -0.25%
Last Change: Mar 14 2012
...
Highest and lowest interest rates across the world
Photographs: Mahlum/Wikimedia Commons.
Denmark
Current Rate: 1.25%
Previous Rate:0.75%
Change: 0.5%
Last Change: Jul 08 2011
...
Highest and lowest interest rates across the world
Photographs: Courtesy, Central Bank of Sweden.
Sweden
Current Rate: 1.25%
Previous Rate: 1.5%
Change: -0.25%
Last Change: Sep 06 2012
...
Highest and lowest interest rates across the world
Photographs: Courtesy, Bank of Canada.
Canada
Current Rate: 1%
Previous Rate:0.75%
Change: 0.25%
Last Change: Sep 08 2010
...
Highest and lowest interest rates across the world
Photographs: Kirk/Wikimedia Commons.
Czech Republic
Current Rate: 0.75%
Previous Rate:1%
Change: -0.25%
Last Change: May 06 2010
...
Highest and lowest interest rates across the world
Photographs: Andrew Netzler/Wikimedia Commons.
European Monetary Union
Current Rate: 0.75%
Previous Rate:1%
Change: -0.25%
Last Change: Jul 05 2012
...
Highest and lowest interest rates across the world
Photographs: Mtaylor848/ Wikimedia Commons.
United Kingdom
Current Rate: 0.5%
Previous Rate:1%
Change: -0.5%
Last Change: Mar 05 2009
Hong Kong
Current Rate: 0.5%
Previous Rate:1.5%
Change: -1%
Last Change: Dec 17 2008
...
Highest and lowest interest rates across the world
Photographs: Joshua Roberts/Reuters.
United States
Current Rate: 0.25%
Previous Rate:1%
Change: -0.75%
Last Change: Dec 16 2008
...
Highest and lowest interest rates across the world
Photographs: Yuriko Nakao/Reuters.
Japan
Current Rate: 0.1%
Previous Rate:0.3%
Change: -0.2%
Last Change: Dec 19 2008
Switzerland
Current Rate: 0%
Previous Rate: 0.25%
Change: -0.25%
Last Change: Aug 03 2011
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