Interest rates
External Reference Rates
External reference rates for currencies commonly used by Barclays Corporate Banking for some Working Capital and Deposit products.
External reference rates are effective from 31 October 2016
| Currency | Country | External reference rate | Day count used | Implementation of latest rate change |
|---|---|---|---|---|
| AED3 | UAE | Central Bank of the U.A.E Base Rate^ |
360 | 11/11/24 |
| AUD3 | Australia |
Reserve Bank of Australia Target Cash Rate^ |
360 | 08/11/23 |
| BBD | Barbados | No Central Bank Policy Rate published2 |
360 | 31/10/16 |
| BGN | Bulgaria | Bulgarian National Bank Base Interest Rate^ |
360 | 04/11/24 |
| BHD | Bahrain | Central Bank of Bahrain Key Policy Rate (1 Week Deposit Rate)^ |
360 | 11/11/24 |
| BSD | Bahamas | Central Bank of the Bahamas Discount (Bank) Rate^ |
360 | 01/02/17 |
| BWP | Botswana | Bank of Botswana Bank Rate^ |
360 | 23/08/24 |
| CAD3 | Canada | Bank of Canada Policy Interest Rate^ |
360 | 25/10/24 |
| CHF3 | Switzerland | SNB Policy Rate^ This has replaced the Swiss National Bank 3 Month LIBOR Target (Midpoint) |
360 | 27/09/24 |
| CNY | China | The People's Bank of China1 1 Year Policy Deposit Rate |
360 | 31/10/16 |
| CZK3 | Czech Republic |
Czech National Bank 2 Week Repo Rate^ |
360 | 08/11/24 |
| DKK3 | Denmark | Danish National Bank Certificates of Deposit Rate^ |
360 | 21/10/24 |
| EUR3 | Eurozone | European Central Bank Deposit Facility Rate^ |
360 | 23/10/24 |
| FJD | Fiji | Reserve Bank of Fiji Overnight Policy Rate^ |
360 | 24/03/20 |
| GBP3 | UK | Current and historic Bank of England Base Rates and effective dates are available at www.bankofengland.co.uk^ | 365 | 07/11/24 |
| GHS | Ghana | Bank of Ghana BOG Policy Rate^ |
360 | 30/09/24 |
| HKD3 | Hong Kong | Hong Kong Monetary Authority Base Rate^ |
365 | 12/11/24 |
| HRK3 | Croatia | Croatian National Bank Overnight Deposit^ Croatian Kuna ceased to be available on 31st Dec 2022. Country has now adopted the Euro. |
360 | 31/10/16 |
| HUF3 | Hungary | Hungarian Central Bank Base Rate^ |
360 | 25/09/24 |
| ILS | Israel | Bank of Israel Interest Rate^ |
365 | 03/01/24 |
| INR | India | Reserve Bank of India Policy Reverse Repo Rate^ |
360 | 09/02/23 |
| ISK | Iceland | Central Bank of Iceland Seven-Day Term Deposit Rate^ |
360 | 03/10/24 |
| JMD | Jamaica | Bank of Jamaica Policy Rate^ |
360 | 02/10/24 |
| JOD | Jordan | Central Bank of Jordan CBJ Main Rate^ |
360 | 12/11/24 |
| JPY3 | Japan | Bank of Japan Complementary Deposit Facility Rate^ (as stipulated in Section 4 (3) on the Bank of Japan webpage) |
360 | 01/08/24 |
| KES3 | Kenya | Central Bank of Kenya Central Bank Rate^ |
365 | 11/10/24 |
| KWD | Kuwait | Central Bank of Kuwait Overnight Repo Rate^ |
365 | 23/09/24 |
| KYD | Cayman Islands | No Central Bank Policy Rate published2 |
360 | 31/10/16 |
| LKR | Sri Lanka | Central Bank of Sri Lanka Standing Deposit Facility Rate (SDFR)^ |
360 | 26/07/24 |
| LSL | Lesotho |
No Central Bank Policy Rate published2 |
365 | 31/10/16 |
| MUR | Mauritus | Bank of Mauritius Repo Rate^ |
365 | 24/09/24 |
| MWK | Malawi | Reserve Bank of Malawi Bank Rate^ |
360 | 12/02/24 |
| MXN3 | Mexico | Bank of Mexico Overnight Target Rate^ |
360 | 02/10/24 |
| NGN | Nigeria | Central Bank of Nigeria Monetary Policy Rate (MPR)^ |
360 | 25/09/24 |
| NOK3 | Norway | Norges Bank Key Policy Rate^ |
360 | 15/12/23 |
| NZD3 | New Zealand | Reserve Bank of New Zealand Official Cash Rate^ |
360 | 10/10/24 |
| OMR | Oman | Central Bank of Oman Repo Rate1 The reference rate published by the relevant exchange for the currency on the first UK business day of a calendar month shall be applied by the Bank for the entirety of that calendar month. |
360 | 12/11/24 |
| PHP | Philippines |
Central Bank of the Philippines Overnight RRP Rate^ |
360 | 17/10/24 |
| PKR | Pakistan | State Bank of Pakistan SBP Policy (Target) Rate^ |
360 | 05/11/24 |
| PLN3 | Poland | National Bank of Poland Reference Rate (Minimum Money Market Intervention Rate)^ |
365 | 06/10/23 |
| QAR | Qatar | Qatar Central Bank QMR Overnight Deposit Rate^ |
360 | 11/11/24 |
| RON3 | Romania | National Bank of Romania Policy Rate^ |
360 | 08/08/24 |
| RSD | Serbia | National Bank Serbia Key Policy Rate^ |
360 | 17/09/24 |
| SAR3 | Saudi Arabia | Saudi Arabian Monetary Agency Official Repo Rate^ |
360 | 11/11/24 |
| SEK | Sweden | Swedish Riksbank Repo Rate^ |
360 | 13/11/24 |
| SGD3 | Singapore | Monetary Authority of Singapore Standing Facility Borrowing Rate^ The reference rate published by the relevant exchange for the currency on the first UK business day of a calendar month shall be applied by the Bank for the entirety of that calendar month. |
365 | 04/11/24 |
| THB | Thailand | Bank of Thailand Policy Interest Rate The 1-Day Repurchase Rate^ |
365 | 17/10/24 |
| TND | Tunisia | Central Bank of Tunisia Key Rate^ |
360 | 05/01/23 |
| TRY3 | Turkey | Central Bank of the Republic of Turkey 1 Week Repo Rate^ |
360 | 22/03/24 |
| TTD | Trinidad & Tobago |
Central Bank of Trinidad and Tobago Repo Rate^ |
360 | 23/03/20 |
| UGX | Uganda | Bank of Uganda Central Bank Rate (CBR)^ |
360 | 08/10/24 |
| USD3 | USA | Federal Reserve Bank of New York Federal Funds Upper Target Rate^ |
360 | 08/11/24 |
| XCD | East Caribbean | East Caribbean Central Bank Discount Rate^ |
360 | 12/02/24 |
| ZAR3 | South Africa | South African Reserve Bank Repo Rate^ |
365 | 20/09/24 |
| ZMW | Zambia | Bank of Zambia Policy Rate^ |
360 | 15/11/24 |
^Links will take you to a non-Barclays site. Please note that Barclays is not responsible for the accuracy or content of this website, and is not recommending it or giving any assurances as to its standing. Barclays does not accept any liability for any loss or damage suffered as a result of its use.
1External reference rate not available on Central Bank website at present - please contact Central Bank directly should you wish to verify their current rate.
2A Central Bank rate is not published for this currency. We will apply a reference rate of zero.
3Currency available in both Barclays Bank PLC and Barclays Bank Ireland PLC.
Notes
These interest rates are in relation to accounts you hold with Barclays in the UK (provided by Barclays Bank PLC), France (provided by Barclays Bank Ireland PLC, French Branch), Germany (provided by Barclays Bank Ireland PLC, Frankfurt Branch), Ireland (provided by Barclays Bank Ireland PLC), Spain (provided by Barclays Bank Ireland PLC, Spanish Branch), Italy (provided by Barclays Bank Ireland PLC, Italian branch) and/or Portugal (provided by Barclays Bank Ireland PLC, Portuguese Branch) as applicable.
The terms which apply to each Account are those terms which govern that Account in the relevant Barclays Country (e.g. an Account the customer holds in the UK, provided by Barclays Bank PLC, would be subject to the terms of the Barclays Customer Agreement applicable to that Account in the UK).
The information on this website does not apply to any committed term loan products, products with a fixed interest rate or any products which are charged on the basis of a published screen rate, such as LIBOR. Please consult your product documentation or contact your relationship point or branch if you would like any more details regarding the basis of your rate.
Following a change to the reference rate for US Dollar and Euro the bank will update the rate on the same business day as the effective date of the rate change.
If the rate change is announced and is effective after normal business hours in London, or if the effective date of the rate change is not a business day in London, then the reference rate will be updated on the next business day. The bank will update the reference rate for currencies other than US Dollar and Euro following a change to that reference rate promptly and in any event within 5 business days of the effective date of the change.
We reserve the right to replace any of these reference rates from time to time.
Not all products are available in all currencies. If you would like details about the rates for any products or currencies, please contact your relationship point or branch.
Negative reference rates on working capital products: If any external reference rate is less than zero then, for the purposes of calculating debit interest or excess interest (as applicable) for your working capital product, that rate will be deemed to be zero. For example, your overdraft might be charged at 3% over an external reference rate. If the external reference rate is -0.25%, you would be charged 3%.