Iceland policy rate in 2003 (1 changes)

Start of year5.63%

End of year5.16%Dec 31, 2003

Net change-47 bp0 hikes, 1 cuts

Average5.209%

Rank by level17 / 36

Changes in 2003

Date	From	To	Change
Feb 10, 2003	5.63%	5.16%	cut -47 bp

Compared with other areas at the end of 2003

Türkiye26%

Romania21.25%

Brazil16.5%

Russia16%

Hungary12.5%

Serbia9%

South Africa8%

Colombia7.25%

India7%

Philippines6.75%

North Macedonia6.65%

Mexico6.12%

China5.31%

Poland5.25%

Australia5.25%

Israel5.2%

Iceland5.16%

New Zealand5%

Malaysia4.5%

South Korea3.75%

United Kingdom3.75%

Morocco3.25%

Kuwait3.25%

Sweden2.75%

Canada2.75%

Peru2.5%

Hong Kong2.5%

Norway2.25%

Chile2.25%

Denmark2.15%

Euro area2%

Czechia2%

Saudi Arabia1.75%

Thailand1.25%

United States1%

Switzerland0.375%

Year-end rate over time

20268%

20257.25%

20248.5%

20239.25%

20226%

20212%

20200.75%

20193%

20184.5%

20174.25%

20165%

20155.75%

20144.5%

20135.375%

20125.375%

20114.125%

20103.875%

20099.125%

200818%

200713.75%

200613.3%

20059.97%

20047.92%

20035.16%

20025.63%

20019.6%

200010.77%

← 2002 2004 →

2003: hikes and cuts worldwide →

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