Brazil policy rate in 2016 (2 changes)

Start of year14.25%

End of year13.75%Dec 31, 2016

Net change-50 bp0 hikes, 2 cuts

Average14.179%

Rank by level1 / 38

Changes in 2016

Date	From	To	Change
Oct 20, 2016	14.25%	14.00%	cut -25 bp
Dec 1, 2016	14.00%	13.75%	cut -25 bp

Compared with other areas at the end of 2016

Brazil13.75%

Russia10%

Türkiye8%

Colombia7.5%

South Africa7%

India6.25%

Mexico5.75%

Iceland5%

Indonesia4.75%

China4.35%

Peru4.25%

Serbia4%

North Macedonia3.75%

Chile3.5%

Philippines3%

Malaysia3%

Kuwait2.5%

Morocco2.25%

Saudi Arabia2%

Romania1.75%

New Zealand1.75%

Thailand1.5%

Poland1.5%

Australia1.5%

South Korea1.25%

Hong Kong1%

Hungary0.9%

United States0.625%

Norway0.5%

Canada0.5%

United Kingdom0.25%

Israel0.1%

Czechia0.05%

Euro area0%

Japan-0.1%

Sweden-0.5%

Denmark-0.65%

Switzerland-0.75%

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%

← 2015 2017 →

2016: hikes and cuts worldwide →

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