Iceland policy rate in 2004 (6 changes)

Start of year5.16%

End of year7.92%Dec 31, 2004

Net change+276 bp6 hikes, 0 cuts

Average5.975%

Rank by level9 / 36

Changes in 2004

Date	From	To	Change
May 6, 2004	5.16%	5.35%	hike +19 bp
Jun 1, 2004	5.35%	5.59%	hike +24 bp
Jul 1, 2004	5.59%	6.06%	hike +47 bp
Sep 17, 2004	6.06%	6.53%	hike +47 bp
Oct 29, 2004	6.53%	6.99%	hike +46 bp
Dec 2, 2004	6.99%	7.92%	hike +93 bp

Compared with other areas at the end of 2004

Türkiye18%

Brazil17.75%

Romania17%

Russia13%

North Macedonia10%

Hungary9.5%

Mexico8.75%

Serbia8.5%

Iceland7.92%

South Africa7.5%

Philippines6.75%

Poland6.5%

New Zealand6.5%

Colombia6.5%

India6%

China5.58%

Australia5.25%

Kuwait4.75%

United Kingdom4.75%

Hong Kong3.75%

Israel3.7%

Morocco3.25%

South Korea3.25%

Peru3%

Malaysia2.7%

Saudi Arabia2.5%

Czechia2.5%

Canada2.5%

United States2.25%

Chile2.25%

Denmark2.15%

Euro area2%

Thailand2%

Sweden2%

Norway1.75%

Switzerland0.75%

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%

← 2003 2005 →

2004: hikes and cuts worldwide →

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