Brazil policy rate in 2011 (8 changes)

Start of year10.75%

End of year11.00%Dec 31, 2011

Net change+25 bp5 hikes, 3 cuts

Average11.756%

Rank by level1 / 38

Changes in 2011

Date	From	To	Change
Jan 20, 2011	10.75%	11.25%	hike +50 bp
Mar 3, 2011	11.25%	11.75%	hike +50 bp
Apr 25, 2011	11.75%	12.00%	hike +25 bp
Jun 9, 2011	12.00%	12.25%	hike +25 bp
Jul 21, 2011	12.25%	12.50%	hike +25 bp
Sep 1, 2011	12.50%	12.00%	cut -50 bp
Oct 20, 2011	12.00%	11.50%	cut -50 bp
Dec 1, 2011	11.50%	11.00%	cut -50 bp

Compared with other areas at the end of 2011

Brazil11%

Serbia9.75%

India8.5%

Russia8%

Hungary7%

China6.56%

Romania6%

Indonesia6%

Türkiye5.75%

South Africa5.5%

Chile5.25%

Colombia4.75%

Poland4.5%

Philippines4.5%

Mexico4.5%

Peru4.25%

Australia4.25%

Iceland4.125%

North Macedonia4%

Thailand3.25%

Morocco3.25%

South Korea3.25%

Malaysia3%

Israel2.75%

New Zealand2.5%

Kuwait2.5%

Saudi Arabia2%

Sweden1.75%

Norway1.75%

Euro area1%

Canada1%

Czechia0.75%

Hong Kong0.5%

United Kingdom0.5%

Denmark0.3%

United States0.125%

Switzerland0.125%

Japan0.05%

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%

← 2010 2012 →

2011: hikes and cuts worldwide →

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