Brazil policy rate in 2007 (6 changes)

Start of year13.25%

End of year11.25%Dec 31, 2007

Net change-200 bp0 hikes, 6 cuts

Average12.045%

Rank by level3 / 38

Changes in 2007

Date	From	To	Change
Jan 25, 2007	13.25%	13.00%	cut -25 bp
Mar 8, 2007	13.00%	12.75%	cut -25 bp
Apr 19, 2007	12.75%	12.50%	cut -25 bp
Jun 8, 2007	12.50%	12.00%	cut -50 bp
Jul 19, 2007	12.00%	11.50%	cut -50 bp
Sep 6, 2007	11.50%	11.25%	cut -25 bp

Compared with other areas at the end of 2007

Türkiye15.75%

Iceland13.75%

Brazil11.25%

South Africa11%

Russia10%

Serbia10%

Colombia9.5%

New Zealand8.25%

Indonesia8%

India7.75%

Mexico7.57%

Romania7.5%

Hungary7.5%

China7.47%

Australia6.75%

Kuwait6.25%

Chile6%

Hong Kong5.75%

Saudi Arabia5.5%

United Kingdom5.5%

Philippines5.25%

Norway5.25%

Poland5%

Peru5%

South Korea5%

North Macedonia4.81%

United States4.25%

Israel4.25%

Denmark4.25%

Canada4.25%

Euro area4%

Sweden4%

Malaysia3.5%

Czechia3.5%

Thailand3.25%

Morocco3.25%

Switzerland2.75%

Japan0.5%

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%

← 2006 2008 →

2007: hikes and cuts worldwide →

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