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
14 of 54 countries
Worst real rate
Estonia -2.3%
Best real rate
Brazil +8.7%
Real rate, worst first
policy rate − CPI · prices double in = ln 2 / ln(1 + inflation)
CountryPolicyInflationReal ratePrices ×2 in
Estonia2.50%+4.8%-2.3%15 yrs
Japan1.25%+3.2%-1.9%22 yrs
Slovakia2.50%+4.0%-1.5%18 yrs
Lithuania2.50%+3.8%-1.3%19 yrs
Latvia2.50%+3.7%-1.2%19 yrs
Croatia2.50%+3.7%-1.2%19 yrs
Austria2.50%+3.5%-1.0%20 yrs
Netherlands2.50%+3.3%-0.8%22 yrs
Romania6.50%+7.2%-0.7%10.0 yrs
Spain2.50%+2.7%-0.2%26 yrs
Switzerland0.00%+0.2%-0.2%>200 yrs
United Kingdom3.75%+3.9%-0.1%18 yrs
New Zealand2.75%+2.8%-0.1%25 yrs
Poland3.75%+3.8%-0.1%19 yrs
Greece2.50%+2.5%+0.0%28 yrs
Belgium2.50%+2.5%+0.0%28 yrs
Slovenia2.50%+2.4%+0.1%30 yrs
Malta2.50%+2.4%+0.1%30 yrs
Portugal2.50%+2.3%+0.2%30 yrs
Canada2.25%+2.1%+0.2%34 yrs
Denmark2.10%+1.9%+0.2%37 yrs
Israel3.25%+3.0%+0.2%23 yrs
Luxembourg2.50%+2.3%+0.2%31 yrs
Chile4.50%+4.2%+0.3%17 yrs
Ireland2.50%+2.2%+0.3%32 yrs
Germany2.50%+2.2%+0.3%32 yrs
South Korea3.00%+2.1%+0.9%33 yrs
United States3.88%+2.9%+0.9%24 yrs
Italy2.50%+1.5%+1.0%46 yrs
Sweden1.75%+0.7%+1.1%102 yrs
Hungary5.50%+4.4%+1.1%16 yrs
Thailand1.00%-0.1%+1.1%—
Kuwait3.50%+2.4%+1.1%30 yrs
Czech Republic3.75%+2.5%+1.3%29 yrs
Malaysia2.75%+1.4%+1.4%51 yrs
Norway4.50%+3.1%+1.4%23 yrs
Morocco2.25%+0.7%+1.5%99 yrs
France2.50%+0.9%+1.6%74 yrs
Australia4.60%+2.9%+1.7%24 yrs
Turkey37.00%+34.9%+2.1%2.3 yrs
Finland2.50%+0.3%+2.2%>200 yrs
Cyprus2.50%+0.1%+2.4%>200 yrs
Saudi Arabia4.50%+2.1%+2.4%34 yrs
Mexico6.50%+3.8%+2.7%19 yrs
Peru4.25%+1.5%+2.7%46 yrs
Hong Kong4.25%+1.4%+2.8%49 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
Indonesia5.75%+1.9%+3.8%37 yrs
South Africa7.25%+3.2%+4.0%22 yrs
Russia14.00%+8.7%+5.3%8.3 yrs
Colombia12.00%+5.1%+6.9%14 yrs
Brazil13.75%+5.0%+8.7%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.