Interbank Rate by Country
Short-term (usually 3-month) interbank interest rate, monthly average. Latest values for 46 economies.
Among 45 countries, Colombia has the highest interbank rate at 10.25% and Switzerland the lowest at -0.04% (latest available readings).
Interbank Rate by Region
Latest available reading (periods may differ by country). Choose a region or “All countries”.
Interbank Rate — All Countries
Sorted by latest value. Click headers to re-sort.
| # | Country | Last | Previous | Period |
|---|---|---|---|---|
| 1 |  Colombia | 10.25% | 10.16% | Sep 2026 |
| 2 | Russia | 9.70% | 8.96% | Feb 2022 |
| 3 | Iceland | 8.34% | 8.11% | Aug 2026 |
| 4 | South Africa | 6.85% | 6.83% | Sep 2026 |
| 5 | Mexico | 6.81% | 6.79% | Sep 2026 |
| 6 | Romania | 5.87% | 5.84% | Sep 2026 |
| 7 | Indonesia | 5.46% | 5.47% | Dec 2025 |
| 8 | Hungary | 5.39% | 5.70% | Aug 2026 |
| 9 | India | 5.28% | 5.27% | Sep 2026 |
| 10 | Norway | 4.80% | 4.51% | Sep 2026 |
| 11 | Chile | 4.64% | 4.65% | Sep 2026 |
| 12 | Australia | 4.51% | 4.48% | Aug 2026 |
| 13 | United States | 3.94% | 3.82% | Sep 2026 |
| 14 | Czech Republic | 3.84% | 3.83% | Aug 2026 |
| 15 | Poland | 3.84% | 3.83% | Sep 2026 |
| 16 | United Kingdom | 3.62% | 3.71% | Feb 2026 |
| 17 | Costa Rica | 3.20% | 3.25% | Aug 2026 |
| 18 | South Korea | 3.17% | 2.97% | Sep 2026 |
| 19 | New Zealand | 3.13% | 2.98% | Sep 2026 |
| 20 | Israel | 3.12% | 3.31% | Sep 2026 |
| 21 | Belgium | 2.64% | 2.51% | Sep 2026 |
| 22 | Germany | 2.64% | 2.51% | Sep 2026 |
| 23 | France | 2.64% | 2.51% | Sep 2026 |
| 24 | Spain | 2.64% | 2.51% | Sep 2026 |
| 25 | Italy | 2.64% | 2.51% | Sep 2026 |
| 26 | Netherlands | 2.64% | 2.51% | Sep 2026 |
| 27 | Ireland | 2.64% | 2.51% | Sep 2026 |
| 28 | Portugal | 2.64% | 2.51% | Sep 2026 |
| 29 | Finland | 2.64% | 2.51% | Sep 2026 |
| 30 | Austria | 2.64% | 2.51% | Sep 2026 |
| 31 | Euro Area | 2.64% | 2.51% | Sep 2026 |
| 32 | Greece | 2.64% | 2.51% | Sep 2026 |
| 33 | Estonia | 2.64% | 2.51% | Sep 2026 |
| 34 | Slovakia | 2.64% | 2.51% | Sep 2026 |
| 35 | Latvia | 2.64% | 2.51% | Sep 2026 |
| 36 | Lithuania | 2.64% | 2.51% | Sep 2026 |
| 37 | Luxembourg | 2.64% | 2.51% | Sep 2026 |
| 38 | Slovenia | 2.64% | 2.51% | Sep 2026 |
| 39 | Croatia | 2.64% | 2.51% | Sep 2026 |
| 40 | Bulgaria | 2.64% | 2.51% | Sep 2026 |
| 41 | Denmark | 2.57% | 2.48% | Sep 2026 |
| 42 | Canada | 2.33% | 2.28% | Sep 2026 |
| 43 | Sweden | 1.94% | 1.97% | Sep 2026 |
| 44 | Japan | 1.56% | 1.46% | Aug 2026 |
| 45 | China | 1.49% | 1.54% | Aug 2026 |
| 46 | Switzerland | -0.04% | -0.04% | Sep 2026 |
Interbank Rate around the world — in simple words
Overview
Interbank Rate is available for 44 economies with recent data. The median value is 2.64% and the simple average is 3.55%.
Highest: Colombia (10.25%), Iceland (8.34%), South Africa (6.85%), Mexico (6.81%), Romania (5.87%).
Lowest: Switzerland (-0.04%), China (1.49%), Japan (1.56%), Sweden (1.94%), Canada (2.33%).
Major economies
Among the 16 major economies tracked here, South Africa (6.85%) has the highest reading and Switzerland (-0.04%) the lowest. Their median is 2.90%.
Interbank Rate — Regional Medians
Median of the latest readings of countries in each World Bank region. The median is the middle value — half the countries are above it and half below.
| Region | Countries | Median |
|---|---|---|
| East Asia & Pacific | 6 | 3.15% |
| Europe & Central Asia | 29 | 2.64% |
| Latin America & Caribbean | 4 | 5.73% |
| Middle East, North Africa, Afghanistan & Pakistan | 1 | 3.12% |
| North America | 2 | 3.13% |
| South Asia | 1 | 5.28% |
| Sub-Saharan Africa | 1 | 6.85% |
Understanding Interbank Rate — a simple guide
What it measures
The interest rate at which banks lend to each other for short periods, usually three months.
How it is calculated
The average rate during the month for three-month lending between banks (for example LIBOR successors, MIBOR-type rates).
If the policy rate is 6.5% and banks lend to each other at 6.7%, the spread is 0.2 percentage points.
A higher rate means tighter money-market conditions.
A lower rate means cheaper short-term funding for banks.
Why it matters for the economy and markets
Interbank rates show how central bank policy actually passes through to money markets, and they are used as a base for many loans.
How to read it
It normally stays close to the policy rate. A sudden widening of the gap can be a sign of stress in the banking system.
What to look at alongside it
The policy rate and bank lending rates.
Key terms
- Money market
- The market for short-term borrowing and lending.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What does interbank rate measure?
Which country has the highest interbank rate?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.