Central Bank RatesIndia policy rate in 2008 (6 changes)
Start of year7.75%
End of year6.50%Dec 31, 2008
Net change-125 bp3 hikes, 3 cuts
Average8.01%
Rank by level15 / 38
Changes in 2008
| Date | From | To | Change |
|---|---|---|---|
| Jun 12, 2008 | 7.75% | 8.00% | hike +25 bp |
| Jun 25, 2008 | 8.00% | 8.50% | hike +50 bp |
| Jul 30, 2008 | 8.50% | 9.00% | hike +50 bp |
| Oct 20, 2008 | 9.00% | 8.00% | cut -100 bp |
| Nov 3, 2008 | 8.00% | 7.50% | cut -50 bp |
| Dec 8, 2008 | 7.50% | 6.50% | cut -100 bp |
Compared with other areas at the end of 2008
18%
17.75%
15%
13.75%
13%
11.5%
10.25%
10%
9.5%
9.25%
8.25%
8.25%
7%
6.5%
6.5%
5.5%
5.31%
5%
5%
4.25%
3.75%
3.75%
3.5%
3.25%
3%
3%
2.75%
2.5%
2.5%
2.5%
2.25%
2%
2%
1.5%
0.5%
0.5%
0.125%
0.1%
Year-end rate over time
5.25%
5.25%
6.5%
6.5%
6.25%
4%
4%
5.15%
6.5%
6%
6.25%
6.75%
8%
7.75%
8%
8.5%
6.25%
4.75%
6.5%
7.75%
7.25%
6.25%
6%
7%
7.5%
8.5%
8%
2008: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.