Brazil policy rate in 2005 (9 changes)

Start of year17.75%

End of year18.00%Dec 31, 2005

Net change+25 bp5 hikes, 4 cuts

Average19.138%

Rank by level1 / 37

Changes in 2005

Date	From	To	Change
Jan 20, 2005	17.75%	18.25%	hike +50 bp
Feb 17, 2005	18.25%	18.75%	hike +50 bp
Mar 17, 2005	18.75%	19.25%	hike +50 bp
Apr 21, 2005	19.25%	19.50%	hike +25 bp
May 19, 2005	19.50%	19.75%	hike +25 bp
Sep 15, 2005	19.75%	19.50%	cut -25 bp
Oct 20, 2005	19.50%	19.00%	cut -50 bp
Nov 24, 2005	19.00%	18.50%	cut -50 bp
Dec 15, 2005	18.50%	18.00%	cut -50 bp

Compared with other areas at the end of 2005

Brazil18%

Türkiye13.5%

Indonesia12.75%

Russia12%

Iceland9.97%

Serbia8.5%

North Macedonia8.37%

Mexico8.27%

Romania7.5%

Philippines7.5%

New Zealand7.25%

South Africa7%

India6.25%

Kuwait6%

Hungary6%

Colombia6%

Hong Kong5.75%

China5.58%

Australia5.5%

Saudi Arabia4.75%

Poland4.5%

Israel4.5%

United Kingdom4.5%

Chile4.5%

United States4.25%

Thailand4%

South Korea3.75%

Peru3.25%

Morocco3.25%

Canada3.25%

Malaysia3%

Denmark2.4%

Euro area2.25%

Norway2.25%

Czechia2%

Sweden1.5%

Switzerland1%

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%

← 2004 2006 →

2005: hikes and cuts worldwide →

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