Analytics · Real Rates
Where savers lose to inflation.
The rate your central bank pays, minus the inflation you actually face — the real rate. Below zero, money in the bank quietly shrinks.
Losing to inflation
21 of 54 countries
Worst real rate
Estonia -2.6%
Best real rate
Brazil +9.0%
Real rate, worst first
policy rate − CPI · prices double in = ln 2 / ln(1 + inflation)
CountryPolicyInflationReal ratePrices ×2 in
Estonia2.25%+4.8%-2.6%15 yrs
Japan1.00%+3.2%-2.2%22 yrs
Slovakia2.25%+4.0%-1.8%18 yrs
Lithuania2.25%+3.8%-1.5%19 yrs
Latvia2.25%+3.7%-1.5%19 yrs
Croatia2.25%+3.7%-1.4%19 yrs
Austria2.25%+3.5%-1.3%20 yrs
Netherlands2.25%+3.3%-1.0%22 yrs
Romania6.50%+7.2%-0.7%10.0 yrs
Spain2.25%+2.7%-0.4%26 yrs
New Zealand2.50%+2.8%-0.3%25 yrs
Greece2.25%+2.5%-0.2%28 yrs
Belgium2.25%+2.5%-0.2%28 yrs
Switzerland0.00%+0.2%-0.2%>200 yrs
United Kingdom3.75%+3.9%-0.1%18 yrs
Slovenia2.25%+2.4%-0.1%30 yrs
Malta2.25%+2.4%-0.1%30 yrs
Portugal2.25%+2.3%-0.1%30 yrs
Poland3.75%+3.8%-0.1%19 yrs
Denmark1.85%+1.9%-0.0%37 yrs
Luxembourg2.25%+2.3%-0.0%31 yrs
Ireland2.25%+2.2%+0.0%32 yrs
Germany2.25%+2.2%+0.1%32 yrs
Canada2.25%+2.1%+0.2%34 yrs
Chile4.50%+4.2%+0.3%17 yrs
Israel3.50%+3.0%+0.5%23 yrs
South Korea2.75%+2.1%+0.6%33 yrs
United States3.63%+2.9%+0.7%24 yrs
Italy2.25%+1.5%+0.7%46 yrs
Sweden1.75%+0.7%+1.1%102 yrs
Thailand1.00%-0.1%+1.1%—
Kuwait3.50%+2.4%+1.1%30 yrs
Norway4.25%+3.1%+1.2%23 yrs
Czech Republic3.75%+2.5%+1.3%29 yrs
France2.25%+0.9%+1.3%74 yrs
Hungary5.75%+4.4%+1.3%16 yrs
Malaysia2.75%+1.4%+1.4%51 yrs
Australia4.35%+2.9%+1.5%24 yrs
Morocco2.25%+0.7%+1.5%99 yrs
Finland2.25%+0.3%+1.9%>200 yrs
Turkey37.00%+34.9%+2.1%2.3 yrs
Cyprus2.25%+0.1%+2.1%>200 yrs
Saudi Arabia4.25%+2.1%+2.2%34 yrs
Hong Kong4.00%+1.4%+2.6%49 yrs
Mexico6.50%+3.8%+2.7%19 yrs
Peru4.25%+1.5%+2.7%46 yrs
India5.25%+2.4%+2.9%29 yrs
China3.00%+0.1%+2.9%>200 yrs
Philippines5.00%+1.7%+3.3%42 yrs
South Africa7.00%+3.2%+3.8%22 yrs
Indonesia5.75%+1.9%+3.8%37 yrs
Russia14.00%+8.7%+5.3%8.3 yrs
Colombia12.00%+5.1%+6.9%14 yrs
Brazil14.00%+5.0%+9.0%14 yrs
Method: central-bank policy rate (BIS, daily) minus the latest annual CPI change (World Bank; annual data lags — the CPI year is the latest available per country). "Prices ×2" is the doubling time at that inflation rate. Bitcoin pays no yield; its supply is fixed by consensus — the comparison savers face is a known negative real rate versus a volatile but undebasable asset.