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FED Federal Funds Rate, American central bank’s interest rate

Charts - historic FED interest rates

Graph American interest rate FED - interest rates last year

Graph American interest rate FED - long-term graph

The current American interest rate FED (base rate) is 0.250 %
Note: at this time the FED has adopted an interest rate range of 0% to 0.25%.

Federal Reserve System (FED)

The central bank of the United States is the FED. FED stands for Federal Reserve System but this is also referred to as the Federal Reserve for short. Although the FED is an independent government institution, the American central bank is owned by a number of large banks and therefore not by the state. The main governing body of the FED is the Board of Governors which consists of 7 members who are appointed by the President of the United States. In addition to the national FED there are 12 regional Reserve Banks. 5 representatives of these regional reserve banks together with the 7 members of the board of governors make up the FOMC (Federal Open Market Committee). The primary responsibility of the FOMC is to supervise open market operations through monetary policy. One important responsibility of the Federal Reserve is to safeguard the stability of the United States’ financial system. The FED also has various other functions, including:
  • ‘managing’ the national money supply by means of monetary policy with the aim of:
  • supervision and regulation of the private banks;
  • strengthening the United States’ position in the global economy;
  • preventing or resolving banking panics.

Federal funds rate

When reference is made to the US interest rate this often refers to the Federal Funds Rate. The Federal Funds Rate is the interest rate which banks charge one another for 1 day (overnight) lending. This American base rate is set by the market and is not explicitly laid down by the FED. By withdrawing or adding funds to the money supply the FED tries to bring the effective federal funds rate into line with the interest rate that it is striving for. If the FED’s monetary policy alters the base rate, that usually affects the interest rate on various products such as mortgages, loans and savings.

This page shows the current and historic values of the FED’s Federal Funds rate.

For a summary of the current interest rates of a large number of central banks please click here.

Tables - current and historic American central bank interest rates

FED latest interest rate changes

 change date percentage
 december 16 2008 0.250 %
 october 29 2008 1.000 %
 october 08 2008 1.500 %
 april 30 2008 2.000 %
 march 18 2008 2.250 %
 january 30 2008 3.000 %
 january 22 2008 3.500 %
 december 11 2007 4.250 %
 october 31 2007 4.500 %
 september 18 2007 4.750 %

Summary of other central banks’ interest rates

 central bank interest rate region percentage date
 FED interest rate United States 0.250 % 12-16-2008
 RBA interest rate Australia 2.500 % 08-06-2013
 BACEN interest rate Brazil 11.000 % 04-02-2014
 BoE interest rate Great Britain 0.500 % 03-05-2009
 BOC interest rate Canada 1.000 % 09-08-2010
 PBC interest rate China 6.000 % 07-06-2012
 ECB interest rate Europe 0.250 % 11-07-2013
 BoJ interest rate Japan 0.100 % 10-05-2010
 CBR interest rate Russia 7.000 % 03-03-2014
 SARB interest rate South Africa 5.500 % 01-29-2014

In order to be able to show the data on this page, we make use of a large number of sources of information that we believe to be reliable. For more information and our disclaimer, click here.

American interest rate (Fed)0.25 %12-16-2008
Australian interest rate (RBA)2.50 %08-06-2013
British interest rate (BoE)0.50 %03-05-2009
Canadian interest rate (BOC)1.00 %09-08-2010
European interest rate (ECB)0.25 %11-07-2013
Japanese interest rate (BoJ)0.10 %10-05-2010
All central banks interest rates, click here
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