Short-term interest rates in selected countries worldwide 2010 to 2023
From 2010 to 2017, Australia had the highest short-term interest rate among selected countries worldwide. Afterward, its rates became more aligned with those of Canada and the United States. The lowest short-term interest rates during this period were found in the Euro area and Japan, as well as in the United States until 2015, where rates remained below 1 percent. In 2021, all regions except Japan experienced a decrease in interest rates. However, in the following years, rates increased again to between 3 and 5 percent, with the exception of Japan, which maintained an interest rate close to zero.
