Brazil policy rate in 2014 (5 changes)

Start of year10.00%

End of year11.75%Dec 31, 2014

Net change+175 bp5 hikes, 0 cuts

Average10.959%

Rank by level2 / 37

Changes in 2014

Date	From	To	Change
Jan 16, 2014	10.00%	10.50%	hike +50 bp
Feb 27, 2014	10.50%	10.75%	hike +25 bp
Apr 3, 2014	10.75%	11.00%	hike +25 bp
Oct 30, 2014	11.00%	11.25%	hike +25 bp
Dec 4, 2014	11.25%	11.75%	hike +50 bp

Compared with other areas at the end of 2014

Russia17%

Brazil11.75%

Türkiye8.25%

Serbia8%

India8%

Indonesia7.75%

South Africa5.75%

China5.6%

Iceland4.5%

Colombia4.5%

Philippines4%

Peru3.5%

New Zealand3.5%

Malaysia3.25%

North Macedonia3.25%

Mexico3%

Chile3%

Romania2.75%

Morocco2.5%

Australia2.5%

Hungary2.1%

Thailand2%

Saudi Arabia2%

Poland2%

Kuwait2%

South Korea2%

Norway1.25%

Canada1%

Hong Kong0.5%

United Kingdom0.5%

Israel0.25%

United States0.125%

Euro area0.05%

Czechia0.05%

Sweden0%

Denmark-0.05%

Switzerland-0.25%

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%

← 2013 2015 →

2014: hikes and cuts worldwide →

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