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Interest Rates Report – February 2020

Caproasia Institute | February 2020

Caproasia Institute releases the Interest Rates Report for February 2020.

Data includes 20 central banks, number of meetings in February 2020, central bank rate announcement and changes. Find related reports including key central bank rates, Asia central bank rates, influential central bank rates and interbank rates.

More: 2018 Most Influential Central Banks


Central Bank Rates in February 2020

National Flags of European Countries

Central Banks Coverage: 20

There were 10 central bank meetings in February 2020No central bank increased interest rate.  6 central banks decreased interest rate.  4 central banks maintained interest rate.

  • Total number of Central Bank meetings in February 2020: 10
  • Total number of interest rate increase: 0
  • Total number of interest rate decrease: 6
  • Total number of interest rate remain: 4

” 10 central bank meetings, 0 increase, 6 decrease and 4 maintain in February 2020″


Rate Decrease in February 2020

S/NCountryCentral BankPrevious RateNew RateChangeEffective from
1ChinaPBOC4.15%4.05%Decrease 0.10%20/2/20
2BrazilBCB4.50%4.25%Decrease 0.25%6/2/20
3RussiaCBR6.25%6.00%Decrease 0.25%7/2/20
4IndonesiaBI5.00%4.75%Decrease 0.25%20/2/20
5ThailandBOT1.25%1.00%Decrease 0.25%5/2/20
6PhilippinesBSP4.00%3.75%Decrease 0.25%6/2/20


Source: Caproasia Institute


February 2020 Changes

Of the 10 Central Bank meetings in February 2020, 6 Central Banks decreased interest rate in February 2020.

  • China decrease interest rate by 0.10% from 4.15% to 4.05%
  • Brazil decrease interest rate by 0.25% from 4.50% to 4.25%
  • Russia decrease interest rate by 0.25% from 6.25% to 6.00%
  • Indonesia decrease interest rate by 0.25% from 5.00% to 4.75%
  • Thailand decrease interest rate by 0.25% from 1.25% to 1.00%
  • Philippines decrease interest rate by 0.25% from 4.00% to 3.75%


Rate Unchanged in February 2020

S/NCountryCentral BankPrevious RateNew RateChangeEffective from
1IndiaRBI5.15%5.15%No Change6/2/20
2AustraliaRBA0.75%0.75%No Change4/2/20
3New ZealandRBNZ1.00%1.00%No Change12/2/20
4KoreaBOK1.25%1.25%No Change27/2/20


Source: Caproasia Institute


February 2020 Unchanged

Of the 10 Central Bank meetings in February 2020, 4 Central Banks maintained interest rate in February 2020.

  • India maintain interest rate at 5.15%
  • Australia maintain interest rate at 0.75%
  • New Zealand maintain interest rate at 1.00%
  • BOK maintain interest rate at 1.25%


List of 20 Central Bank Rates

S/NCountryCentral BankPrevious RateNew RateChangeEffective from
1United StatesFed1.50% – 1.75%1.50% – 1.75%No Change29/1/20
2European UnionECB*0.00%0.00%No Change23/1/20
3ChinaPBOC4.15%4.05%Decrease 0.1%20/2/20
4JapanBOJ-0.10%-0.10%No Change21/1/20
5United KingdomBOE0.75%0.75%No Change30/1/20
6IndiaRBI5.15%5.15%No Change6/2/20
7BrazilBCB4.50%4.25%Decrease 0.25%6/2/20
8CanadaBOC1.75%1.75%No Change22/1/20
9RussiaCBR6.25%6.00%Decrease 0.25%7/2/20
10AustraliaRBA0.75%0.75%No Change4/2/20
11New ZealandRBNZ1.00%1.00%No Change12/2/20
12SwitzerlandSNB-0.75%-0.75%No Change12/12/19
13KoreaBOK1.25%1.25%No Change27/2/20
14Hong Kong SARHKMA2.25%2.00%Decrease 0.25%31/10/19
15TaiwanCBC1.375%1.375%No Change19/12/19
16IndonesiaBI5.00%4.75%Decrease 0.25%20/2/20
17MalaysiaBNM3.00%2.75%Decrease 0.25%22/1/20
18ThailandBOT1.25%1.00%Decrease 0.25%5/2/20
19PhilippinesBSP4.00%3.75%Decrease 0.25%6/2/20
20VietnamSBV6.25%6.00%Decrease 0.25%16/9/19


Source: Caproasia Institute

*ECB – Main refinancing operations: 0%, Marginal lending facility: 0.25%, Deposit facility: – 0.50%


Interbank Rates – February 2020

CurrencyInterbank Rates3 Mths RateDate
GBPGBP LIBOR0.6728%28/2/20
JPYJPY LIBOR-0.0760%28/2/20
CHFCHF LIBOR-0.7352%28/2/20


Source: Caproasia Institute

Updated: 4th March 2020


February 2020 Reports:


List of 20 Central Banks

  1. Fed – Federal Reserve (United States)
  2. ECB – European Central Bank* (European Union)
  3. PBOC – People’s Bank of China (China)
  4. BOJ – Bank of Japan (Japan)
  5. BOE – Bank of England (United Kingdom**)
  6. RBI – Reserve Bank of India (India)
  7. BCB – Banco Central do Brasil (Brazil)
  8. BOC – Bank of Canada (Canada)
  9. CBR – Central Bank of Russia (Russia)
  10. RBA – Reserve Bank of Australia^ (Australia)
  11. RBNZ – Reserve Bank of New Zealand
  12. SNB – Swiss National Bank
  13. BOK – Bank of Korea
  14. HKMA – Hong Kong Monetary Authority
  15. CBC – Central Bank of China, Taiwan
  16. BI – Bank Indonesia
  17. BNM – Bank Negara Malaysia
  18. BOT – Bank of Thailand
  19. BSP – Bangko Sentral ng Pilipinas
  20. SBV- State Bank of Vietnam

Data Source: Caproasia Institute


* The European Central Bank represents 19 European nations using Euro (€) as official currency.  The 19 nations are Germany, Spain, France, Italy, Netherlands, Belgium, Estonia, Ireland, Greece, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Austria, Portugal, Slovenia, Slovakia and Finland.  The European Union GDP and Population includes only the 19 European nations that are members of European Central Bank.

European Union (EU) comprises of 28 nations.  The 28 nations are Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and United Kingdom.

On 29th March 2017, the UK notified the European Council of its intention to leave the EU by triggering of Article 50 of the Lisbon Treaty.  The United Kingdom currently remains a full member of the EU.

** United Kingdom comprises of 4 countries: England, Scotland, Wales and Northern Ireland. is the leading financial media platform covering capital markets, investments and private wealth in Asia. Driving $25 trillion of assets in Asia.

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