Iceland policy rate in 2006 (7 changes)

Start of year9.97%

End of year13.30%Dec 29, 2006

Net change+333 bp7 hikes, 0 cuts

Average11.75%

Rank by level3 / 38

Changes in 2006

Date	From	To	Change
Jan 26, 2006	9.97%	10.20%	hike +23 bp
Mar 30, 2006	10.20%	10.87%	hike +67 bp
May 18, 2006	10.87%	11.54%	hike +67 bp
Jul 6, 2006	11.54%	12.21%	hike +67 bp
Aug 16, 2006	12.21%	12.65%	hike +44 bp
Sep 14, 2006	12.65%	13.09%	hike +44 bp
Dec 21, 2006	13.09%	13.30%	hike +21 bp

Compared with other areas at the end of 2006

Türkiye17.5%

Serbia14%

Iceland13.3%

Brazil13.25%

Russia11%

Indonesia9.75%

South Africa9%

Romania8.75%

Hungary8%

Philippines7.5%

Colombia7.5%

New Zealand7.25%

India7.25%

Mexico7.02%

Hong Kong6.75%

Kuwait6.25%

Australia6.25%

China6.12%

North Macedonia5.81%

United States5.25%

Chile5.25%

Saudi Arabia5.2%

Thailand5%

United Kingdom5%

Peru4.5%

South Korea4.5%

Israel4.5%

Canada4.25%

Poland4%

Denmark3.75%

Euro area3.5%

Norway3.5%

Malaysia3.5%

Morocco3.25%

Sweden3%

Czechia2.5%

Switzerland2%

Japan0.25%

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%

← 2005 2007 →

2006: hikes and cuts worldwide →

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