South Africa is 15th central bank to raise rates in 2022

South Africa became the fifth central bank to raise its main interest rate this week and the 15th central bank to raise rates so far in 2022 as monetary authorities worldwide continue last year’s tightening of monetary conditions to dampen inflationary pressures as the global economy continues to heal from the COVID-19 pandemic.
Central banks have raised their benchmark interest rates by a total of 11.25 percentage points so far, boosting the average interest rate by the 104 central banks tracked by Central Bank News to 5.58 percent this week from 5.51 percent at the end of 2021 and 4.18 percent at the end of 2020.

    Meanwhile, three central banks – Congo, South Sudan and China – have cut rates a total of 4.10 percentage points.

   As part of its coverage of global monetary policy, Central Bank News publishes a Global Interest Rate Monitor (GIRM) that tracks changes to central banks’ interest rates.

   GIRM is continuously updated and can always be accessed on the Central Bank News website under the section for Interest Rates.

   The first section of the table shows changes to policy rates in the current month, including the name of the country that changed its rate, the current policy rate, the latest change in the policy rate in basis points, the date of the change, the year-to-date net change and the change in basis points in the earlier years of 2021, 2020 and 2019.
The second section of the table shows changes year-to-date, starting with the Global Monetary Policy Rate (GMPR), or the average nominal rate of the 104 central banks covered by Central Bank News.

   This is followed by the change in GMPR year-to-date, and the date for the latest change. It also shows the total change in GMPR in basis points in 2021, 2020 and 2019.

CHANGES IN JANUARY
COUNTRY	RATE	CHANGE	DATE	2022	2021	2020	2019
SOUTH AFRICA	4.00%	25	27-Jan-22	25	25	-300	-25
COSTA RICA	1.75%	50	26-Jan-22	50	50	-200	-250
CHILE	5.50%	150	26-Jan-22	150	350	-125	-100
HUNGARY	2.90%	50	25-Jan-22	50	180	-30	0
KAZAKHSTAN	10.25%	50	24-Jan-22	50	75	-25	0
PARAGUAY	5.50%	25	21-Jan-22	25	450	-325	-125
UKRAINE	10.00%	100	20-Jan-22	100	300	-750	-450
SRI LANKA (deposit)	5.50%	50	20-Jan-22	50.00	50	-250	-100
CHINA	3.70%	-10	20-Jan-22	-10	-5	-30	-16
SOUTH KOREA	1.25%	25	14-Jan-22	25	50	-75	-50
MOLDOVA	8.50%	20	13-Jan-22	200	385	-285	-100
SOUTH SUDAN	12.00%	-300	11-Jan-22	-300	0	0	0
ROMANIA	2.00%	25	10-Jan-22	25	25	-100	0
PERU	3.00%	50	6-Jan-22	50	225	-200	-50
ARGENTINA	40.00%	200	6-Jan-22	200	0	-1700	-750
URUGUAY	6.50%	75	5-Jan-22	75	125	0	0
POLAND	2.25%	50	4-Jan-22	50	165	-140	0
CONGO, DEM. REP.	7.50%	-100	2-Jan-22	-100	-1000	950	-500
CHANGES YEAR TO DATE:
COUNTRY	RATE	CHANGE	DATE	YTD	2021	2020	2019
GLOBAL (GMPR)	5.58%	7	27-Jan-22	715	7765	-16233	-7276
ALBANIA	0.50%	-50	25-Mar-20		0	-50	0
ANGOLA	20.00%	450	2-Jul-21		450	0	-100
ARGENTINA	40.00%	200	6-Jan-22	200	0	-1700	-750
ARMENIA	7.75%	50	14-Dec-21		250	-25	-50
AUSTRALIA	0.10%	-15	3-Nov-20		0	-65	-75
AZERBAIJAN	7.25%	25	17-Dec-21		100	-125	-225
BAHAMAS	4.00%	-50	22-Dec-16		0	0	0
BAHRAIN	1.00%	-75	16-Mar-20		0	-125	-50
BANGLADESH	4.75%	-50	29-Jul-20		0	-125	0
BARBADOS	2.00%	-500	30-Mar-20		0	-500	0
BELARUS	9.25%	75	15-Jul-21		150	-125	-100
BOTSWANA	3.75%	-50	8-Oct-20		0	-100	-25
BRAZIL	9.25%	150	8-Dec-21		725	-250	-200
BULGARIA	0.00%	-1	29-Jan-16		0	0	0
CANADA	0.25%	-50	27-Mar-20		0	-150	0
CAPE VERDE	1.00%	-450	26-Mar-20		0	-450	0
CEN. AFRICAN STS.	3.25%	-25	27-Mar-20		0	-25	0
CHILE	5.50%	150	26-Jan-22	150	350	-125	-100
CHINA	3.70%	-10	20-Jan-22	-10	-5	-30	-16
COLOMBIA	3.00%	50	17-Dec-21		125	-250	0
CONGO, DEM. REP.	7.50%	-100	2-Jan-22	-100	-1000	950	-500
COSTA RICA	1.75%	50	26-Jan-22	50	50	-200	-250
CROATIA	2.50%	-250	20-Oct-15		0	0	0
CZECH REPUBLIC	3.75%	100	22-Dec-21		350	-175	25
DENMARK	-0.60%	-10	30-Sep-21		0	15	-10
DOMINICAN REP.	4.50%	100	30-Dec-21		150	-150	-100
EAST. CARIBBEAN	2.00%	-450	3-Apr-20		0	-450	0
EGYPT	8.25%	-50	12-Nov-20		0	-400	-450
ESWATINI	3.75%	-25	24-Jul-20		0	-275	-25
EURO AREA	0.00%	-5	10-Mar-16		0	0	0
FIJI	0.25%	-25	18-Mar-20		0	-25	0
GAMBIA	10.00%	-200	28-May-20		0	-250	-100
GEORGIA	10.50%	50	8-Dec-21		250	-100	200
GHANA	14.50%	100	22-Nov-21		0	-150	-100
GUATEMALA	1.75%	-25	25-Jun-20		0	-100	0
HONDURAS	3.00%	-75	23-Nov-20		0	-250	0
HONG KONG	0.86%	-64	16-Mar-20		0	-114	-75
HUNGARY	2.90%	50	25-Jan-22	50	180	-30	0
ICELAND	2.00%	50	17-Nov-21		125	-225	-150
INDIA	4.00%	-40	22-May-20		0	-115	-135
INDONESIA	3.50%	-25	18-Feb-21		-25	-125	-100
ISRAEL	0.10%	-15	6-Apr-20		0	-15	0
JAMAICA	2.50%	50	20-Dec-21		200	0	-125
JAPAN	-0.10%	-20	29-Jan-16		0	0	0
JORDAN	2.50%	-100	16-Mar-20		0	-150	-75
KAZAKHSTAN	10.25%	50	24-Jan-22	50	75	-25	0
KENYA	7.00%	-25	29-Apr-20		0	-150	-50
KUWAIT	1.50%	-100	16-Mar-20		0	-125	-25
KYRGYZSTAN	8.00%	50	29-Nov-21		300	75	-50
LESOTHO	3.75%	25	22-Nov-21		25	-300	-25
LIBERIA	20.00%	-500	20-Aug-21		-500	-500	0
MACAU	0.86%	-64	16-Mar-20		0	-114	-75
MACEDONIA	1.25%	-25	10-Mar-21		-25	-100	-25
MALAWI	12.00%	-150	6-Nov-20		0	-150	-250
MALAYSIA	1.75%	-25	7-Jul-20		0	-125	-25
MAURITIUS	1.85%	-100	16-Apr-20		0	-150	-15
MEXICO	5.50%	50	16-Dec-21		125	-300	-100
MOLDOVA	8.50%	20	13-Jan-22	200	385	-285	-100
MONGOLIA	6.00%	-200	23-Nov-20		0	-500	0
MOROCCO	1.50%	-50	16-Jun-20		0	-75	0
MOZAMBIQUE	13.25%	300	27-Jan-21		300	-250	-150
MYANMAR	7.00%	-150	27-Apr-20		0	-300	0
NAMIBIA	3.75%	-25	19-Aug-20		0	-275	-25
NEW ZEALAND	0.75%	25	24-Nov-21		50	-75	-75
NIGERIA	11.50%	-100	22-Sep-20		0	-200	-50
NORWAY	0.50%	25	16-Dec-21		50	-150	75
PAKISTAN	9.75%	100	14-Dec-21		275	-625	325
PAPUA NEW GUINEA	3.00%	-200	30-Mar-20		0	-200	-225
PARAGUAY	5.50%	25	21-Jan-22	25	450	-325	-125
PERU	3.00%	50	6-Jan-22	50	225	-200	-50
PHILIPPINES	2.00%	-25	19-Nov-20		0	-200	-75
POLAND	2.25%	50	4-Jan-22	50	165	-140	0
QATAR	2.50%	-100	16-Mar-20		0	-175	-75
ROMANIA	2.00%	25	10-Jan-22	25	25	-100	0
RUSSIA	8.50%	100	17-Dec-21		425	-200	-150
RWANDA	4.50%	-50	30-Apr-20		0	-50	-50
SAMOA	0.14%	-1	1-Jul-16		0	0	0
SAUDI ARABIA	1.00%	-75	16-Mar-20		0	-125	-75
SERBIA	1.00%	-25	10-Dec-20		0	-125	-75
SEYCHELLES	2.00%	-100	30-Jun-21		-100	-200	-50
SIERRA LEONE	14.25%	25	24-Dec-22		25	-250	0
SOUTH AFRICA	4.00%	25	27-Jan-22	25	25	-300	-25
SOUTH KOREA	1.25%	25	14-Jan-22	25	50	-75	-50
SOUTH SUDAN	12.00%	-300	11-Jan-22	-300	0	0	0
SRI LANKA (deposit)	5.50%	50	20-Jan-22	50	50	-250	-100
SWEDEN	0.00%	25	19-Dec-19		0	0	25
SWITZERLAND	-0.75%	-50	15-Jan-15		0	0	0
TAIWAN	1.125%	-25	19-Mar-20		0	-25	0
TAJIKISTAN	13.25%	25	22-Oct-21		250	-150	-175
THAILAND	0.50%	-25	20-May-20		0	-75	-50
TRINIDAD & TOBAGO	3.50%	-150	17-Mar-20		0	-150	0
TUNISIA	6.25%	-50	30-Sep-20		0	-100	100
TURKEY	14.00%	-100	16-Dec-21		-300	500	-1,200
UAE	1.25%	-75	16-Mar-20		0	-125	-75
UGANDA	6.50%	-50	16-Jun-21		-50	-200	-100
UKRAINE	10.00%	100	20-Jan-22	100	300	-750	-450
UNITED KINGDOM	0.25%	15	16-Dec-21		15	-65	0
URUGUAY	6.50%	75	5-Jan-22	75	125	0	0
UNITED STATES	0.25%	-100	15-Mar-20		0	-150	-75
UZBEKISTAN	14.00%	-100	10-Sep-20		0	-200	0
VIETNAM	4.00%	-50	30-Sep-20		0	-200	-25
WEST AFRICAN STATES	2.00%	-50	22-Jun-20		0	-50	0
ZAMBIA	9.00%	50	24-Nov-21		100	-350	175
ZIMBABWE	60.00%	2000	28-Oct-21		2500	0	0

  www.CentralBankNews.info