United States: Central bank policy rate
The central bank's main policy rate at the end of the month, as compiled by the Bank for International Settlements from the central banks' announcements (the midpoint of a target range; for euro-area members, the European Central Bank's rate).
Official statisticSource figures as of October 16, 2026Sources & methods
- Period covered
- Jul 1954 – Sep 2026
- Source figures as of
- October 16, 2026
- Geography
- United States
- Sector
- Whole economy (not a single sector)
- Seasonal adjustment
- Not applicable
- Transformations
- Views other than the level (changes, averages, volatility) are calculated by CK Economics from these figures
- Revisions
- Replaced with the source’s latest figures whenever it revises them.
- Data status
- Current
Key figures
CK estimate% per year · calculated by CK Economics from Bank for International Settlements data
- Latest · Sep 2026
- 3.88
- −0.3 pp vs a year earlier1
- 5-year change
- +3.8 pp
- since Sep 20212
- 10-year change
- +3.5 pp
- since Sep 20162
- Record high
- 22
- Dec 19803
- Record low
- 0.13
- Dec 2008 (and 107 other periods)3
- Where the latest ranks
- 45th pct.
- Higher than 45% of the other 866 observations since Jul 19544
- 1Latest observation against the observation one year earlier (for weekly data, the nearest within three days).
- 2Latest observation against the observation five and ten years earlier.
- 3Highest and lowest published observations across the full history shown.
- 4Share of the other published observations that are lower than the latest one, rounded down.
Methodology
The central bank's main policy rate at the end of the month, as compiled by the Bank for International Settlements from the central banks' announcements (the midpoint of a target range; for euro-area members, the European Central Bank's rate). Compiled by the BIS from the central banks' own announcements: each country's main policy rate at the end of the month. Euro-area members show the European Central Bank's rate (the deposit facility rate since September 2024, the main refinancing rate before), from 1999. For a target range (the U.S. federal funds rate), the BIS gives its midpoint. Source series WS_CBPOL:M.US. Licence: BIS terms of permitted use of BIS statistics: unrestricted, with the BIS cited as the source (https://data.bis.org/help/legal).
Source
Bank for International Settlements, from central banks, Central bank policy rates (BIS, retrieved 2026-10-19). https://data.bis.org/topics/CBPOL/BIS%2CWS_CBPOL%2C1.0/M.US
All data
| Period | Value | Change y/y |
|---|---|---|
| Sep 2026 | 3.88 | −0.25 pp |
| Aug 2026 | 3.63 | −0.75 pp |
| Jul 2026 | 3.63 | −0.75 pp |
| Jun 2026 | 3.63 | −0.75 pp |
| May 2026 | 3.63 | −0.75 pp |
| Apr 2026 | 3.63 | −0.75 pp |
| Mar 2026 | 3.63 | −0.75 pp |
| Feb 2026 | 3.63 | −0.75 pp |
| Jan 2026 | 3.63 | −0.75 pp |
| Dec 2025 | 3.63 | −0.75 pp |
| Nov 2025 | 3.88 | −0.75 pp |
| Oct 2025 | 3.88 | −1 pp |
| Sep 2025 | 4.13 | −0.75 pp |
| Aug 2025 | 4.38 | −1 pp |
| Jul 2025 | 4.38 | −1 pp |
| Jun 2025 | 4.38 | −1 pp |
| May 2025 | 4.38 | −1 pp |
| Apr 2025 | 4.38 | −1 pp |
| Mar 2025 | 4.38 | −1 pp |
| Feb 2025 | 4.38 | −1 pp |
| Jan 2025 | 4.38 | −1 pp |
| Dec 2024 | 4.38 | −1 pp |
| Nov 2024 | 4.63 | −0.75 pp |
| Oct 2024 | 4.88 | −0.5 pp |