Chart 1: Interest rates for long-term government bonds remained above policy interest rates in 2025 Policy interest rates Policy interest rates Interest rates for long-term government bonds Interest rates for long-term government bonds 0.372.07 0.372.14 0.372.06 0.371.88 0.351.97 0.352.28 0.352.44 0.352.56 0.342.62 0.352.47 0.352.48 0.342.61 0.352.55 0.352.42 0.342.38 0.352.34 0.352.22 0.322.19 0.312.10 0.301.98 0.272.00 0.261.83 0.261.81 0.261.65 0.241.39 0.231.42 0.221.40 0.221.33 0.221.63 0.201.81 0.191.75 0.191.61 0.191.60 0.191.50 0.191.59 0.261.58 0.261.46 0.251.23 0.221.25 0.221.21 0.211.21 0.201.06 0.200.90 0.170.92 0.170.98 0.171.09 0.171.39 0.271.58 0.271.57 0.271.61 0.371.64 0.371.51 0.371.52 0.471.43 0.481.58 0.481.49 0.491.50 0.491.59 0.521.54 0.621.55 0.631.71 0.641.89 0.731.83 0.731.81 0.731.89 0.841.86 0.841.82 0.861.85 0.961.91 0.972.02 0.991.98 1.091.76 1.081.68 1.081.63 1.081.55 1.081.51 1.081.41 1.071.17 1.061.09 0.960.79 0.830.82 0.720.87 0.720.98 0.711.04 0.730.97 0.730.79 -0.010.54 -0.010.50 -0.030.46 -0.030.47 -0.030.39 -0.030.39 -0.030.40 -0.030.42 -0.030.45 -0.030.47 -0.030.56 -0.030.71 -0.030.94 -0.030.96 -0.031.00 -0.030.93 -0.030.77 -0.010.71 -0.020.82 -0.011.01 0.010.99 0.030.92 0.041.19 0.071.40 0.201.55 0.232.04 0.472.22 0.842.56 1.362.30 1.412.28 2.012.90 2.273.26 2.643.09 3.052.97 3.082.96 3.373.12 3.643.06 3.632.97 3.833.05 3.953.16 4.133.27 4.153.45 4.223.59 4.223.88 4.233.62 4.223.17 4.243.22 4.233.35 4.243.32 4.243.54 4.233.54 4.143.46 4.133.41 4.133.14 3.843.04 3.743.26 3.603.42 3.413.37 3.363.60 3.323.50 3.243.54 3.173.45 3.133.52 3.063.49 3.063.54 3.043.50 2.933.45 2.813.40 2.813.44 2.723.54 2.723.60