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Interest rate is the price a borrower pays for the money borrowed from a lender.
Banks borrow money from the central bank then lend the money at a higher rate to make profits.
Interest rates give an idea about the state of a national economy. Lower interest rates can boost domestic investment, business and productivity.
Take a look at interest rates across the world according to worldinterestrates.info...
Egypt
Current Rate: 9.25%
Previous Rate: 8.25%
Change: 1%
Last Change: Nov 24 2011
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India
Current Rate: 7.75%
Previous Rate: 8%
Change: -0.25%
Last Change: Jan 29 2013
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Brazil
Current Rate: 7.25%
Previous Rate: 7.5%
Change: -0.25%
Last Change: Oct 10 2012
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China
Current Rate: 6%
Previous Rate: 6.31%
Change: -0.31%
Last Change: Jul 05 2012
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Hungary
Current Rate: 6%
Previous Rate:6.25%
Change: -0.25%
Last Change: Nov 27 2012
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Iceland
Current Rate: 6%
Previous Rate: 5.75%
Change: 0.25%
Last Change: Nov 14 2012
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Indonesia
Current Rate: 5.75%
Previous Rate:6%
Change: -0.25%
Last Change: Feb 09 2012
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Turkey
Current Rate: 5.75%
Previous Rate:6.25%
Change: -0.5%
Last Change: Aug 05 2011
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Chile
Current Rate: 5%
Previous Rate: 5.25%
Change: -0.25%
Last Change: Jan 13 2012
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South Africa
Current Rate: 5%
Previous Rate:5.5%
Change: -0.5%
Last Change: Jul 19 2012
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Mexico
Current Rate: 4.5%
Previous Rate:4.75%
Change: -0.25%
Last Change: Jul 17 2009
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Poland
Current Rate: 4.5%
Previous Rate:4.75%
Change: -0.25%
Last Change: Nov 07 2012
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Colombia
Current Rate: 4.25%
Previous Rate: 4.5%
Change: -0.25%
Last Change: Jan 04 2013
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Philippines
Current Rate: 3.5%
Previous Rate: 3.75%
Change: -0.25%
Last Change: Oct 25 2012
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Australia
Current Rate: 3%
Previous Rate:3.25%
Change: -0.25%
Last Change: Dec 05 2012
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Malaysia
Current Rate: 3%
Previous Rate:2.75%
Change: 0.25%
Last Change: Jul 08 2010
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Thailand
Current Rate: 2.75%
Previous Rate:3%
Change: -0.25%
Last Change: Oct 17 2012
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Republic of Korea
Current Rate: 2.75%
Previous Rate:3.25%
Change: -0.5%
Last Change: Oct 11 2012
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New Zealand
Current Rate: 2.5%
Previous Rate:3%
Change: -0.5%
Last Change: Mar 09 2011
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Taiwan
Current Rate: 1.875%
Previous Rate:1.75%
Change: 0.125%
Last Change: Jul 01 2011
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Israel
Current Rate: 1.75%
Previous Rate:2%
Change: -0.25%
Last Change: Dec 24 2012
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Norway
Current Rate: 1.5%
Previous Rate:1.75%
Change: -0.25%
Last Change: Mar 14 2012
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Denmark
Current Rate: 1.25%
Previous Rate:0.75%
Change: 0.5%
Last Change: Jul 08 2011
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Sweden
Current Rate: 1.25%
Previous Rate: 1.5%
Change: -0.25%
Last Change: Sep 06 2012
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Canada
Current Rate: 1%
Previous Rate:0.75%
Change: 0.25%
Last Change: Sep 08 2010
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Czech Republic
Current Rate: 0.75%
Previous Rate:1%
Change: -0.25%
Last Change: May 06 2010
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European Monetary Union
Current Rate: 0.75%
Previous Rate:1%
Change: -0.25%
Last Change: Jul 05 2012
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United Kingdom
Current Rate: 0.5%
Previous Rate:1%
Change: -0.5%
Last Change: Mar 05 2009
Hong Kong
Current Rate: 0.5%
Previous Rate:1.5%
Change: -1%
Last Change: Dec 17 2008
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United States
Current Rate: 0.25%
Previous Rate:1%
Change: -0.75%
Last Change: Dec 16 2008
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Japan
Current Rate: 0.1%
Previous Rate:0.3%
Change: -0.2%
Last Change: Dec 19 2008
Switzerland
Current Rate: 0%
Previous Rate: 0.25%
Change: -0.25%
Last Change: Aug 03 2011