| Country |
The main reason for the change in the key rate (its equivalent) |
Key rate setting method |
| USA (US Federal Reserve Rate) |
- the economic growth; – trends in the national labor market. |
The Federal Reserve sets the key rate value based on the national economic condition, and then, through the purchase / sale of government bonds, brings the bank interest rates to the specified position. The regulator cannot directly set the value of the key rate. (US Federal Reserve, 2019) |
| Germany (German Central Bank Key Rate) |
- the economic growth; |
The key rate of the Central Bank of Germany is equated to the key rate of the European Central Bank since Germany is a member country of the Eurozone.The ECB's key rate is set through a decision of the ECB. (Deutsche Bundesbank, 2019) |
| Japan (Bank of Japan key rate) |
- inflation. |
The Bank of Japan influences the level of this rate through operations with government securities. (Bank of Japan) |
| China (PBOC key rate) |
- inflation; |
The People's Bank of China sets the key rate through a ruling (People's Bank of China, 2019) |
| India (Reserve Bank of India key rate) |
- the economic growth. |
The Reserve Bank of India's key rate is set through a decision of the Regulator itself. (Reserve Bank of India, 2019) |
| Kazakhstan (Base rate of the National Bank of the Republic of Kazakhstan) |
- the economic growth. |
The base rate of the National Bank of the Republic of Kazakhstan is established by a decision of the Regulator itself. (National Bank of Kazakhstan, 2019) |
