Monetary policy is always an important event for capital markets.Its directly related to the sentiments of the market & its also important factor affecting currency of nation.
Two Factors considered by Reserve Banks : RBI always considers two factors before deciding key interest rates- Growth & Inflation.
If inflation is at higher rate then rate hike is generally not expected.Lower rates can increase liquidity & it will increase the inflation ahead.
Just we take view of interest rates at different nations & found them in the range from Negative to nearly 34%.
List of selected countries & monetary interest rates is as follows.Interest rates at 20 countries have shown below & they are in ascending order.
| Sr.No | Name Of Country / Bank | Interest Rates [%] |
| 1. | Denmark Central Bank | -0.22 |
| 2. | Swiss National Bank – Switzerland | 0% |
| 3. | Monetary Authority Of Singapur – Singapur | 0.06% |
| 4. | Bank Of Japan | 0.10% |
| 5. | Federal Reserve Of America | 0.25% |
| 6. | Bank Of England | 0.50% |
| 7. | Bank Of Greece | 0.75% |
| 8. | European Central Bank | 0.75% |
| 9. | Bank Of Canada | 1% |
| 10. | Bank Of UAE. | 1% |
| 11. | Reserve Bank Of Australia | 3% |
| 12. | Peoples Bank Of China | 6% |
| 13. | Central Bank Of Sri-Lanka | 7.5% |
| 14. | Bank Of Bangladesh | 7.75% |
| 15. | Reserve Bank Of India | 8% |
| 16. | Russian Federation | 8.25% |
| 17. | State Bank Pakistan | 9.50% |
| 18. | Nepal Bank | 10.35% |
| 19. | Bank Of Ghana | 15% |
| 20. | National Bank Belarus | 34%. |
Just we should remember that interest rates are not for comparison purpose.E.g conditions in India & US can not be compared.Federal reserve can keep interest rates at lowest rates 0-0.25% as inflation is not major problem & which is a major factor in India.
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