Central Bank RatesIndia policy rate in 2023 (1 changes)
Start of year6.25%
End of year6.50%Dec 30, 2023
Net change+25 bp1 hikes, 0 cuts
Average6.473%
Rank by level15 / 38
Changes in 2023
| Date | From | To | Change |
|---|---|---|---|
| Feb 8, 2023 | 6.25% | 6.50% | hike +25 bp |
Compared with other areas at the end of 2023
42.5%
16%
13%
11.75%
11.25%
10.75%
9.25%
8.25%
8.25%
7%
6.75%
6.75%
6.5%
6.5%
6.5%
6.3%
6%
6%
5.75%
5.75%
5.5%
5.375%
5.25%
5%
4.75%
4.5%
4.5%
4.35%
4.25%
4%
3.6%
3.5%
3.45%
3%
3%
2.5%
1.75%
-0.1%
Year-end rate over time
5.25%
5.25%
6.5%
6.5%
6.25%
4%
4%
5.15%
6.5%
6%
6.25%
6.75%
8%
7.75%
8%
8.5%
6.25%
4.75%
6.5%
7.75%
7.25%
6.25%
6%
7%
7.5%
8.5%
8%
2023: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.