Brazil policy rate in 2018 (2 changes)

Start of year7.00%

End of year6.50%Dec 31, 2018

Net change-50 bp0 hikes, 2 cuts

Average6.581%

Rank by level6 / 38

Changes in 2018

Date	From	To	Change
Feb 8, 2018	7.00%	6.75%	cut -25 bp
Mar 22, 2018	6.75%	6.50%	cut -25 bp

Compared with other areas at the end of 2018

Türkiye24%

Mexico8.25%

Russia7.75%

South Africa6.75%

India6.5%

Brazil6.5%

Indonesia6%

Philippines4.75%

Iceland4.5%

China4.35%

Colombia4.25%

Malaysia3.25%

Saudi Arabia3%

Serbia3%

Kuwait3%

Peru2.75%

Hong Kong2.75%

Chile2.75%

Romania2.5%

North Macedonia2.5%

United States2.375%

Morocco2.25%

Thailand1.75%

New Zealand1.75%

South Korea1.75%

Czechia1.75%

Canada1.75%

Poland1.5%

Australia1.5%

Hungary0.9%

Norway0.75%

United Kingdom0.75%

Israel0.25%

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%

← 2017 2019 →

2018: hikes and cuts worldwide →

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