It would be rational for interest rates to be related to inflationary expectations, and in particular long-term interest rates. Therefore, bank economists have an important role of informing the management of appropriate inflationary expectations so that interest rates can be adjusted more systematically. 1  4  USA, UK, Germany, Japan, Korea, Thailand, China and Hungary.
BIS Review 1/2003  Table 2 Comparative Picture on International Real Interest Rates Money market Rate  Long-term G-sec Yield  Prime rate  Inflation Rate  GDP Growth  1991 to 1996  1.50  3.71  4.40  3.09  2.58  1997 to 2001  2.73  3.20  5.73  2.46  3.37  1991 to 1996  4.05  5.30  4.25  3.25  1.92  1997 to 2001  3.40  2.77  3.46  2.57  2.76  1991 to 1996  3.63  4.09  9.04  2.85  3.20  1997 to 2001  1.99  3.17  7.75  1.57  1.75  1991 to 1996  2.00  2.78  3.57  1.16  1.74  1997 to 2001  0.09  1.40  2.07  0.13  0.69  1991 to 1996  7.50  7.21  3.16  5.99  7.35  1997 to 2001  4.79  5.85  6.74  3.82  4.31  1991 to 1996  3.71  5.78  7.74  4.97  8.17  1997 to 2001  3.22  4.65  6.98  3.44  -0.20  1991 to 1996  Na  na  -2.09  12.32  11.61  1997 to 2001  Na  na  6.28  0.23  7.93  1991 to 1996  3.43  na  6.57  10.52  5.41  1997 to 2001  3.40  5.87  7.62  5.08  6.14  1991 to 1996  Na  na  5.11  25.04  -1.63  1997 to 2001  Na  na  4.13  12.29  4.52  Country / Period Average United States  United Kingdom  Germany  Japan  Korea  Thailand  China  India  Hungary  Source : International Financial Statistics, November 2002.