Iceland policy rate in 2009 (7 changes)

Start of year18.00%

End of year9.125%Dec 31, 2009

Net change-888 bp1 hikes, 6 cuts

Average11.912%

Rank by level2 / 38

Changes in 2009

Date	From	To	Change
Mar 19, 2009	18.00%	17.00%	cut -100 bp
Apr 1, 2009	17.00%	14.00%	cut -300 bp
Apr 8, 2009	14.00%	12.50%	cut -150 bp
May 7, 2009	12.50%	9.50%	cut -300 bp
Oct 1, 2009	9.50%	9.75%	hike +25 bp
Nov 5, 2009	9.75%	9.625%	cut -12 bp
Dec 10, 2009	9.625%	9.125%	cut -50 bp

Compared with other areas at the end of 2009

Serbia9.5%

Iceland9.125%

Russia8.75%

Brazil8.75%

North Macedonia8.5%

Romania8%

South Africa7%

Türkiye6.5%

Indonesia6.5%

Hungary6.25%

China5.31%

India4.75%

Mexico4.5%

Philippines4%

Australia3.75%

Poland3.5%

Colombia3.5%

Morocco3.25%

Kuwait3%

New Zealand2.5%

Saudi Arabia2%

Malaysia2%

South Korea2%

Norway1.75%

Thailand1.25%

Peru1.25%

Israel1.25%

Euro area1%

Czechia1%

Denmark0.95%

Hong Kong0.5%

United Kingdom0.5%

Chile0.5%

Switzerland0.375%

Sweden0.25%

Canada0.25%

United States0.125%

Japan0.1%

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%

← 2008 2010 →

2009: hikes and cuts worldwide →

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