Iceland policy rate in 2015 (3 changes)

Start of year4.50%

End of year5.75%Dec 31, 2015

Net change+125 bp3 hikes, 0 cuts

Average5.016%

Rank by level7 / 37

Changes in 2015

Date	From	To	Change
Jun 10, 2015	4.50%	5.00%	hike +50 bp
Aug 19, 2015	5.00%	5.50%	hike +50 bp
Nov 4, 2015	5.50%	5.75%	hike +25 bp

Compared with other areas at the end of 2015

Brazil14.25%

Russia11%

Türkiye7.5%

Indonesia7.5%

India6.75%

South Africa6.25%

Iceland5.75%

Colombia5.75%

Serbia4.5%

China4.35%

Philippines4%

Peru3.75%

Chile3.5%

Malaysia3.25%

Mexico3.25%

North Macedonia3.25%

New Zealand2.5%

Morocco2.5%

Kuwait2.25%

Saudi Arabia2%

Australia2%

Romania1.75%

Thailand1.5%

Poland1.5%

South Korea1.5%

Hungary1.35%

Norway0.75%

Hong Kong0.75%

United Kingdom0.5%

Canada0.5%

United States0.375%

Israel0.1%

Euro area0.05%

Czechia0.05%

Sweden-0.35%

Denmark-0.75%

Switzerland-0.75%

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%

← 2014 2016 →

2015: hikes and cuts worldwide →

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