Key economic indicators explained in plain English — jobs, inflation, interest rates, and more.
| Currency | Central Bank | US Rate (Fed Funds) | Foreign Rate | Differential |
|---|---|---|---|---|
| EUR | ECB Main Refinancing | 3.63 % | 2.40 % | 1.23 % |
| JPY | BOJ Policy | 3.63 % | 0.30 % | 3.33 % |
| GBP | BOE Bank | 3.63 % | 3.71 % | -0.08 % |
| AUD | RBA | 3.63 % | 4.43 % | -0.80 % |
| CAD | BOC Policy | 3.63 % | 5.25 % | -1.62 % |
| CHF | SNB Policy | 3.63 % | -0.04 % | 3.67 % |
| NZD | RBNZ | 3.63 % | 2.63 % | 1.00 % |
A green number with an up arrow means the value increased compared to the previous period.
A red number with a down arrow means the value decreased compared to the previous period.
YoY = Year-over-Year (compared to 12 months ago). MoM = Month-over-Month (compared to last month). QoQ = Quarter-over-Quarter.
Hover over the info icon on any card to see a plain-English explanation of what that indicator measures.
Click any indicator card to see its full historical data, chart, and more detail.
When the 10Y-2Y or 10Y-3M spread goes negative, it means short-term rates are higher than long-term rates — historically a recession warning sign.