Policy rates: Japan vs India

Japan1.25%

India5.25%

Difference+400 bp

Widest gap+8.6%2001-04

JapanIndia

Gap at year end

2026+4%

2025+4.5%

2024+6.25%

2023+6.6%

2022+6.35%

2021+4.1%

2020+4.1%

2019+5.25%

2018+6.6%

2017+6.1%

2016+6.35%

2015+6.7%

2014+7.95%

2013+7.7%

2012+7.95%

2011+8.45%

2010+6.2%

2009+4.65%

2008+6.4%

2007+7.25%

2006+7%

2005+6.1%

2004+5.85%

2003+6.85%

2002+7.35%

2001+8.35%

2000+7.75%

Daily policy-rate data compiled by the BIS. Not investment advice. Compared at month ends.