Central banks
The Fed, the ECB, the Bank of England and the Bank of Japan: each policy rate, its last move and the next decision, and the four rates since 2019.
Policy rates now
Each bank's policy rate, its last change and the day of its next decision.
| Bank | Policy rate | Last move | Next meeting |
|---|---|---|---|
| FedFederal Reserve, target range. More in Fed & Rates | 3.75 to 4.00%As of 1 Nov 2026 | +25 bp17 Sep 2026 | 27 Jan 2027In 87 days |
| ECBEuropean Central Bank, deposit facility rate | 2.50%As of 1 Nov 2026 | +25 bp16 Sep 2026 | 17 Dec 2026In 46 days |
| BoEBank of England, Bank Rate | 3.75%As of 29 Oct 2026 | −25 bp18 Dec 2025 | 5 Nov 2026In 4 days |
| BoJBank of Japan, policy rate | 1.25%As of 27 Oct 2026 | +25 bp24 Sep 2026 | 18 Dec 2026In 47 days |
Federal Reserve via FRED (DFEDTARU, DFEDTARL); ECB Data Portal (FM.B.U2.EUR.4F.KR.DFR.LEV); Bank of England database (IUDBEDR); BIS central bank policy rates (WS_CBPOL), Japan. Next meetings from each bank's own calendar, as read for the Calendar. Days counted in New York time.
The four rates since 2019
Each rate as it stood every day. The Fed's line is the top of its target range.
Federal Reserve via FRED (DFEDTARU, DFEDTARL); ECB Data Portal (FM.B.U2.EUR.4F.KR.DFR.LEV); Bank of England database (IUDBEDR); BIS central bank policy rates (WS_CBPOL), Japan. As of 1 Nov 2026.
How to read it
Each bank sets one rate that steers what banks pay to borrow overnight. The Fed sets a target range for the federal funds rate. The ECB steers through its deposit facility rate, the rate it pays on banks' overnight deposits. The Bank of England sets Bank Rate. The Bank of Japan has targeted the overnight call rate since March 2024; from 2016 until then it charged −0.1% on part of the balances banks hold with it.
A move is the change from the level before, in basis points: one basis point is 0.01 percentage point. Its date is the day the new rate took effect, as each series records it: the day after the decision for the Fed, usually the following Wednesday for the ECB, the day of the decision for the Bank of England.
Sources and method
The Fed's target range from the Federal Reserve via FRED (DFEDTARU and DFEDTARL). The ECB's deposit facility rate from the ECB Data Portal, which lists the days it changed, or FRED (ECBDFR) when the portal does not answer. Bank Rate from the Bank of England's database (IUDBEDR), with the BIS as backup. The Bank of Japan's rate from the BIS central bank policy rate series (WS_CBPOL). Meeting dates from each bank's own calendar, the same pages the economic calendar reads. Fetched each weekday; a source that does not answer keeps its last figures, with their date.
For information only. Not investment advice.