Call Rate (Monthly) — Call Rate, Uncollateralized Overnight/Average
Latest value
1.04 percent per annum as of 2026-09
+0.566ptYoY
Call Rate (Monthly) — Call Rate, Uncollateralized Overnight/Average: history
Unit: percent per annum
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About Call Rate (Monthly) — Call Rate, Uncollateralized Overnight/Average
The call rate is the interest rate at which financial institutions lend each other money for very short terms. The uncollateralised overnight rate in particular has long been the Bank of Japan's policy target and is the benchmark short-term rate in Japan.
Recent values
| Period | Value |
|---|---|
| 2026-09 | 1.04 percent per annum |
| 2026-08 | 0.977 percent per annum |
| 2026-07 | 0.978 percent per annum |
| 2026-06 | 0.841 percent per annum |
| 2026-05 | 0.727 percent per annum |
| 2026-04 | 0.727 percent per annum |
| 2026-03 | 0.728 percent per annum |
| 2026-02 | 0.728 percent per annum |
| 2026-01 | 0.728 percent per annum |
| 2025-12 | 0.557 percent per annum |
| 2025-11 | 0.478 percent per annum |
| 2025-10 | 0.477 percent per annum |
Source and data handling
- Source
- Bank of Japan
- Frequency
- Monthly
- Unit
- percent per annum
- Last ingested
- 2026-10-05
- License
- Bank of Japan Time-Series Data Search (reproduction permitted with attribution; prior consultation required for commercial use)
This service uses the API provided by the "Bank of Japan Time-Series Data Search." The Bank of Japan does not guarantee the content of the service.