Skip to main content

Comparision of Interest rates...

Interest Rates keep on changin.. as change is needy... Either to inject money or to extract money... it is required.. gave a great report on the same, lets see a gist of it.. 


  • The Reserve Bank of India cut the repo rate or its key short-term lending rate by 50 basis points to 7.5% and banks' cash reserve requirements (CRR) by 100 basis points to 5.5 per cent.
  • The repo rate or the short term interest rate in India has varied between 6 to 16 per cent from 2000 to 2008.
  • GDP: $1.1 trillion

United States

  • The US Federal Reserve cut its key interest rate from 1.5 per cent to 1 per cent to avoid a deep recession.
  • The Fed has earlier cut rates from 2 to 1.5 per cent.
  • In the United States the rate has varied between 1 per cent and 19 per cent from 1954 to 2008.
  • GDP: $13.81 trillion


  • The Bank of Japan cut its key interest rate from 0.5 per cent to 0.3 per cent - its first cut in seven years.
  • Japan has the lowest interest rates in the developed world.
  • GDP: $4.38 trillion


  • Germany has kept rates unchanged at 3.19 per cent since July 2008. The key rate has ranged from 1.13 per cent to 3.32 per cent from 2002 to 2008.
  • GDP: $3.32 trillion


  • In the wake of the recession, The People's Bank of China cut key interest rates to 6.66 per cent from 6.93 per cent.
  • GDP: $3.28 trillion

United Kingdom

  • The Bank of England slashed its key interest rate by 150 basis points from 4.50 per cent to 3.00 per cent to offset the impact of the economic recession.
  • The UK's rate is now lower than the Eurozone for the first time in the life of the euro.
  • The European Central Bank, which makes monetary policy for the 15 countries that share the euro currency, cut its key rate to 3.25 per cent.
  • In Britain, the base rate has varied between 15 and 3 per cent from 1989 to 2008.
  • GDP: $2.8 trillion


  • The Bank of France expects to cut rates by the end of this year.
  • The French economy is likely to slow down by 0.1 per cent in the third and fourth quarters of 2008, after a 0.3 per cent fall between April and June.
  • GDP: $2.59 trillion


  • In Italy, the key interest rate has been reduced to 3.75 per cent.
  • GDP: $2.10 trillion


  • The Bank of Canada cut interest rates to 2.25 per cent from 2.50 per cent in October 2008.
  • GDP: $1.43 trillion


M_U_K_U_N{U_V} said…
Sir ji China ham se age hai isme :)
Maine to socha tha ham atleast is me to sabse uppar honge :(
chalo better luck in next segment of comparision :)

Popular posts from this blog

All they want is a pleasant experience for us

My experiences with this gloomy world continue. I may sound repetitive and annoying, but there's a reality check for all of us who think that the world is fine as long as the Covid-19 doesn't hit us and our paychecks continue to flow into the banks. 
The store in the picture is amongst the busiest in the area, always remains full and explodes with the people on the Saturdays. A typical brand in a store, let's say a Van Heusen makes about ₹200,000 to ₹220,000 of sales on the weekend. As of today, the store does about ₹10,000 to ₹15,000 of revenues of the same brand, and the footfalls are not even 5 per cent of what they otherwise used to witness. Ironically, a store of this size would have 8-10 salesman with an average basic salary of ₹10,000 to ₹12,000 a month and the balance they earn (~₹5,000-₹7,500) is all linked to the sales of the brand. For them, purchases from the store cover-up for the livelihood, savings and the investments and there are no concept of "work fr…

The new age crisis

I don't know who I should credit or discredit, but last couple of years have been incredible for India and it's people and it is not in a good way. Disappointed to note that the politics has completely taken over us and the ideological differences have reached our houses and personal devices. We are not only fighting amongst us on difference of opinion, but also ensuring that the dissent against a majoritarian view is killed to its core, to the extent that the voice is never raised against any impending thoughts or disagreements we may have. 
I am deeply saddened by the fact that most of us now are actually made to believe that the opinion shared by a larger section of society is deemed right since it has the weight of a the population around, and in case you have reservations to even contest that, you are probably branded as a threat. 
I may have had little problems with CAA or NRC if it wasn't done for the political incentives and the treatment of the people not sharing th…