The Central Bank of Argentina’s Interest Rate is 60%, whereas the Swiss National Bank’s Interest Rate is -0.25%

I have compiled the interest rates of the different Central Banks Worldwide. Argentina has the highest interest rate at 60% and Switzerland has the lowest interest rate at -0.25% (everyone else is in between).

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Because it’s difficult to fit 167 countries in one image!

Apart from the bar chart, a Map Chart showing the interest rates (although not as much helpful)

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A few factors that affect Central Bank interest rates are –

the demand of money in terms of borrowing within the economy and the borrowing done by local companies in the international markets the supply of money in terms of how much money is printed by the Central Bank with regards to the goods available in the market (if more money supply but goods are less then inflation can kick in and vice versa) the deficit or surplus the country generates in fiscal year for its budgets INFLATION the interest rates of other Central Banks and the exchange rate of your currency (if rates move higher or lower in a relatively stronger economy then money can move out or into your economy) the use of a Central Banks currency Worldwide (the US Dollar is used in more than 75% of the World’s transactions)

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It would be great if Redditors (who have the knowledge) can discuss the various reasons for the different interest rates for their country or any other country. And even discuss as to how these interest rates help in promoting or suppressing the use of Cryptocurrency within their country or any other country. It would help everyone!

Thanks,

Have Fun!