Central Bank RatesUnited States policy rate in 2023 (4 changes)
Start of year4.375%
End of year5.375%Dec 31, 2023
Net change+100 bp4 hikes, 0 cuts
Average5.072%
Rank by level22 / 38
Changes in 2023
| Date | From | To | Change |
|---|---|---|---|
| Feb 2, 2023 | 4.375% | 4.625% | hike +25 bp |
| Mar 23, 2023 | 4.625% | 4.875% | hike +25 bp |
| May 4, 2023 | 4.875% | 5.125% | hike +25 bp |
| Jul 27, 2023 | 5.125% | 5.375% | 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
3.875%
3.625%
4.375%
5.375%
4.375%
0.125%
0.125%
1.625%
2.375%
1.375%
0.625%
0.375%
0.125%
0.125%
0.125%
0.125%
0.125%
0.125%
0.125%
4.25%
5.25%
4.25%
2.25%
1%
1.25%
1.75%
6.5%
2023: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.