Brazil policy rate in 2017 (8 changes)

Start of year13.75%

End of year7.00%Dec 31, 2017

Net change-675 bp0 hikes, 8 cuts

Average10.155%

Rank by level4 / 38

Changes in 2017

Date	From	To	Change
Jan 12, 2017	13.75%	13.00%	cut -75 bp
Feb 23, 2017	13.00%	12.25%	cut -75 bp
Apr 13, 2017	12.25%	11.25%	cut -100 bp
Jun 1, 2017	11.25%	10.25%	cut -100 bp
Jul 27, 2017	10.25%	9.25%	cut -100 bp
Sep 8, 2017	9.25%	8.25%	cut -100 bp
Oct 26, 2017	8.25%	7.50%	cut -75 bp
Dec 7, 2017	7.50%	7.00%	cut -50 bp

Compared with other areas at the end of 2017

Türkiye8%

Russia7.75%

Mexico7.25%

Brazil7%

South Africa6.75%

India6%

Colombia4.75%

China4.35%

Iceland4.25%

Indonesia4.25%

Serbia3.5%

Peru3.25%

North Macedonia3.25%

Philippines3%

Malaysia3%

Kuwait2.75%

Chile2.5%

Morocco2.25%

Saudi Arabia2%

Romania1.75%

New Zealand1.75%

Hong Kong1.75%

Thailand1.5%

Poland1.5%

South Korea1.5%

Australia1.5%

United States1.375%

Canada1%

Hungary0.9%

Norway0.5%

United Kingdom0.5%

Czechia0.5%

Israel0.1%

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%

← 2016 2018 →

2017: hikes and cuts worldwide →

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