Risk Free Rate by Country
Latest released Risk Free Rate value for every supported currency, with the previous reading, the change between releases, reference date, frequency, unit, and source.
/api/v1/announcements/{currency}/risk_free_rate. Non-USD endpoints require an API key query parameter.| Country / Currency | Latest | Previous | Change | Reference | Frequency | Unit | Source |
|---|---|---|---|---|---|---|---|
|
Australia
AUD · Australian Dollar
|
4.1
18 Mar 2026
|
3.85
04 Feb 2026
|
▲ +0.25 | 18 Mar 2026 | Daily | Percent | RBA |
|
United Kingdom
GBP · British Pound
|
3.73
29 Apr 2026
|
3.73
28 Apr 2026
|
● 0 | 29 Apr 2026 | Daily | Percent (SONIA) | BOE |
|
United States
USD · US Dollar
|
3.66
30 Apr 2026
|
3.63
29 Apr 2026
|
▲ +0.03 | 30 Apr 2026 | Daily | Percent | FRED (NY Fed) |
|
New Zealand
NZD · New Zealand Dollar
|
2.63
30 Apr 2026
|
2.65
29 Apr 2026
|
▼ -0.02 | 30 Apr 2026 | Daily | Percent | RBNZ |
|
Canada
CAD · Canadian Dollar
|
2.3
30 Apr 2026
|
2.3
29 Apr 2026
|
● 0 | 30 Apr 2026 | Daily | Percent (CORRA) | Bank of Canada |
|
Eurozone
EUR · Euro
|
1.93
29 Apr 2026
|
1.93
28 Apr 2026
|
● 0 | 29 Apr 2026 | Daily | Percent (€STR) | ECB |
|
Sweden
SEK · Swedish Krona
|
1.75
01 Oct 2025
|
2
25 Jun 2025
|
▼ -0.25 | 01 Oct 2025 | Daily | % | Riksbank/SCB |
|
Japan
JPY · Japanese Yen
|
0.75
19 Dec 2025
|
— | — | 19 Dec 2025 | Daily | Percent | BOJ |
|
Brazil
BRL · Brazilian Real
|
0.05
30 Apr 2026
|
0.05
29 Apr 2026
|
● 0 | 30 Apr 2026 | Daily | % | BCB SGS |
|
Switzerland
CHF · Swiss Franc
|
-0.04
24 Apr 2026
|
-0.04
23 Apr 2026
|
● 0 | 24 Apr 2026 | Daily | Percent | SNB |
|
China
CNY · Chinese Yuan
|
-9.4
28 Feb 2026
|
-6.2
31 Dec 2025
|
▼ -3.2 | 28 Feb 2026 | Daily | % | NBS/PBoC |
What is Risk Free Rate?
The risk-free rate is the overnight interbank lending rate anchoring each currency's money market — SOFR in the US, ESTR in the eurozone, SONIA in the UK, TONA in Japan, RBA cash rate in Australia, etc. These benchmarks replaced the LIBOR family and are now the foundation for floating-rate loans, swaps, and OIS pricing.
Why it matters for FX
Risk-free rates track the policy rate one-for-one in steady state, which makes them the cleanest market read on the central bank's stance. Their forward curves (OIS) embed exactly what rates the market expects over the next several years — and OIS differentials are one of the most reliable predictors of major FX pairs over a multi-month horizon.
How to read this page
Compare across currencies in pairs. Watch the spread between the risk-free rate and the policy rate target — a persistent spread can indicate funding stress (USD repo squeezes, EUR ESTR-deposit-rate gaps).
What to watch for
- OIS-implied terminal rate and timing of first cut
- Quarter-end and year-end funding pressure
- RFR vs policy-rate spread as a stress signal
- Cross-currency basis (xCCY) blowing out
- Repo and SOFR rate spikes around tax dates