Iceland policy rate in 2011 (3 changes)

Start of year3.875%

End of year4.125%Dec 30, 2011

Net change+25 bp2 hikes, 1 cuts

Average3.785%

Rank by level18 / 38

Changes in 2011

Date	From	To	Change
Feb 2, 2011	3.875%	3.625%	cut -25 bp
Aug 17, 2011	3.625%	3.875%	hike +25 bp
Nov 2, 2011	3.875%	4.125%	hike +25 bp

Compared with other areas at the end of 2011

Brazil11%

Serbia9.75%

India8.5%

Russia8%

Hungary7%

China6.56%

Romania6%

Indonesia6%

Türkiye5.75%

South Africa5.5%

Chile5.25%

Colombia4.75%

Poland4.5%

Philippines4.5%

Mexico4.5%

Peru4.25%

Australia4.25%

Iceland4.125%

North Macedonia4%

Thailand3.25%

Morocco3.25%

South Korea3.25%

Malaysia3%

Israel2.75%

New Zealand2.5%

Kuwait2.5%

Saudi Arabia2%

Sweden1.75%

Norway1.75%

Euro area1%

Canada1%

Czechia0.75%

Hong Kong0.5%

United Kingdom0.5%

Denmark0.3%

United States0.125%

Switzerland0.125%

Japan0.05%

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%

← 2010 2012 →

2011: hikes and cuts worldwide →

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