Brazil policy rate in 2002 (6 changes)

Start of year19.00%

End of year25.00%Dec 31, 2002

Net change+600 bp3 hikes, 3 cuts

Average19.221%

Rank by level2 / 34

Changes in 2002

Date	From	To	Change
Feb 21, 2002	19.00%	18.75%	cut -25 bp
Mar 21, 2002	18.75%	18.50%	cut -25 bp
Jul 18, 2002	18.50%	18.00%	cut -50 bp
Oct 15, 2002	18.00%	21.00%	hike +300 bp
Nov 21, 2002	21.00%	22.00%	hike +100 bp
Dec 19, 2002	22.00%	25.00%	hike +300 bp

Compared with other areas at the end of 2002

Türkiye44%

Brazil25%

Russia21%

North Macedonia15.22%

South Africa13.5%

Serbia9.5%

Israel8.9%

Hungary8.5%

Mexico8.25%

India7.5%

Philippines7%

Poland6.75%

Norway6.5%

New Zealand5.75%

Iceland5.63%

China5.31%

Colombia5.25%

Malaysia5%

Australia4.75%

South Korea4.25%

United Kingdom4%

Sweden3.75%

Morocco3.25%

Kuwait3.25%

Chile3%

Denmark2.95%

Euro area2.75%

Hong Kong2.75%

Czechia2.75%

Canada2.75%

Saudi Arabia2%

Thailand1.75%

United States1.25%

Switzerland0.75%

Year-end rate over time

202613.75%

202515%

202412.25%

202311.75%

202213.75%

20219.25%

20202%

20194.5%

20186.5%

20177%

201613.75%

201514.25%

201411.75%

201310%

20127.25%

201111%

201010.75%

20098.75%

200813.75%

200711.25%

200613.25%

200518%

200417.75%

200316.5%

200225%

200119%

200015.75%

← 2001 2003 →

2002: hikes and cuts worldwide →

Daily policy-rate data compiled by the BIS. Not investment advice.