Here are the countries with the current highest interest rates:
- Zimbabwe: 110%
- Argentina: 69.88^
- Turkey: 43.5%
- Venezuela: 36%
- Uzbekistan: 18.4%
- Sierra Leone: 15.75%
- Egypt: 14.49%
- Colombia: 13.21%
Turkey's central bank unexpectedly raised interest rates to 50% on Thursday, citing a deteriorating inflation outlook and pledging to tighten further if it looks like inflation is significantly and persistently worsening.Sweden, which was the first country to try negative interest rates, also currently has an interest rate of 0%.
- Switzerland. Switzerland's interest rate currently sits at -0.75%.
- Denmark. The Central Bank of Denmark has set the primary interest rate in Denmark to -0.60%, an increase from its previous -0.75% rate.
- Japan.
Why is Argentina’s interest rate so high : To prevent the flight away from local currency triggering hyperinflation, the BCRA raised interest rates on its interest-bearing-liabilities (Repos, Leliqs and Lebacs) to orbital levels: they rose from an effective annual rate of 38% in December 2021 to 252% in November 2023.
Which country has the highest interest rate in Europe
The central bank of Hungary set the key interest rate to 13 percent on the 28th of September, making it the highest central bank interest rate in the EU as of September 2023.
Which European bank gives the highest interest rate : The Central Bank of Hungary had a base rate of 13% in 2023. This makes Hungary the country in Europe with the highest interest rate on a savings account. It is inaccessible to non-residents.
Turkey has launched a concerted effort to tackle soaring inflation with interest rate hikes, most recently raising the country's key rate from 45% to 50% in late March. Much of the inflation in recent months stems from a significant increase to the minimum wage that Turkey's government mandated for 2024.
Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday. On a monthly basis, Turkey's consumer prices increased 3.18%, led by price rises in alcoholic beverages and tobacco, and hotels, cafes and restaurants.
Why is Japan’s interest rate so low
“The saga of ultra-low interest rates in Japan reflects the fact that the Japanese economy suffered from secular stagnation and also from mild but persistent deflation for the past 20 years.The central bank of Hungary set the key interest rate to 13 percent on the 28th of September, making it the highest central bank interest rate in the EU as of September 2023.The overall openness to foreign investment is below average. Still, Argentina has definite assets: its natural resources are considerable (copper, gas and oil) and its workforce is highly skilled and competitive. Both foreign and local investors typically operate under equitable conditions in Argentina.
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Argentina's leftists had so clogged the country's economic arteries with regulations that what once was one of the world's richest countries is now one of the poorest. Inflation is more than 200 percent.
Who has the lowest interest rates in Europe : Interest Rate | Europe
| Country | Last | Previous |
|---|---|---|
| Switzerland | 1.5 | 1.5 |
| Albania | 3.25 | 3.25 |
| Denmark | 3.6 | 3.6 |
| Moldova | 3.6 | 3.75 |
Which country is best for investment banking in Europe : Britain – 2086 bankers earning more than €1 million. Despite benchmark manipulation scandals and a financial crisis, London still rules as the investment banking hub for Europe, putting the UK right at the top of the list. 1. Britain – 2086 bankers earning more than €1 million.
Which bank gives 7% interest on savings accounts
As of May 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions have high-interest checking accounts: Landmark Credit Union Premium Checking with 7.50% APY and OnPath Credit Union High Yield Checking with 7.00% APY.
Germany
Furthermore, foreign bankers who travel to and within the European Union are often rewarded by German banks. With its combination of security and user-friendly processes, Germany is an excellent choice for anyone interested in international banking.Much of the inflation in recent months stems from a significant increase to the minimum wage that Turkey's government mandated for 2024. The minimum wage for the year rose to 17,002 Turkish lira (around $530) per month in January, a 100% hike from the same period a year prior.
Will the Turkish lira go up or down in 2024 : Turkish Lira price prediction 2024: Fundamentally, the TRY should continue falling in 2024 since Erdogan will remain in power, with analysts forecasting Turkish Lira to decline further, up to 20-30% against the US Dollar during 2024.