OECD Interbank / Call Money Rate Ranking

The OECD call interbank rate is an indicator showing the interest rate level in short-term fund transactions between banks. A higher rate indicates higher funding costs for interbank transactions and generally reflects an environment of monetary tightening or liquidity shortage. In higher-ranked countries, central banks are tightening monetary policy or aiming to suppress inflation, which may lead to economic slowdown. Conversely, lower-ranked countries are in a monetary easing environment, making borrowing easier for companies and consumers, suggesting a growth-stimulating situation. This serves as an important leading indicator for understanding each country's monetary policy stance and economic cycle.