Iceland policy rate in 2007 (1 changes)

Start of year13.30%

End of year13.75%Dec 31, 2007

Net change+45 bp1 hikes, 0 cuts

Average13.377%

Rank by level2 / 38

Changes in 2007

Date	From	To	Change
Nov 1, 2007	13.30%	13.75%	hike +45 bp

Compared with other areas at the end of 2007

Türkiye15.75%

Iceland13.75%

Brazil11.25%

South Africa11%

Russia10%

Serbia10%

Colombia9.5%

New Zealand8.25%

Indonesia8%

India7.75%

Mexico7.57%

Romania7.5%

Hungary7.5%

China7.47%

Australia6.75%

Kuwait6.25%

Chile6%

Hong Kong5.75%

Saudi Arabia5.5%

United Kingdom5.5%

Philippines5.25%

Norway5.25%

Poland5%

Peru5%

South Korea5%

North Macedonia4.81%

United States4.25%

Israel4.25%

Denmark4.25%

Canada4.25%

Euro area4%

Sweden4%

Malaysia3.5%

Czechia3.5%

Thailand3.25%

Morocco3.25%

Switzerland2.75%

Japan0.5%

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%

← 2006 2008 →

2007: hikes and cuts worldwide →

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