Iceland policy rate in 2016 (2 changes)

Start of year5.75%

End of year5.00%Dec 30, 2016

Net change-75 bp0 hikes, 2 cuts

Average5.556%

Rank by level8 / 38

Changes in 2016

Date	From	To	Change
Aug 24, 2016	5.75%	5.25%	cut -50 bp
Dec 14, 2016	5.25%	5.00%	cut -25 bp

Compared with other areas at the end of 2016

Brazil13.75%

Russia10%

Türkiye8%

Colombia7.5%

South Africa7%

India6.25%

Mexico5.75%

Iceland5%

Indonesia4.75%

China4.35%

Peru4.25%

Serbia4%

North Macedonia3.75%

Chile3.5%

Philippines3%

Malaysia3%

Kuwait2.5%

Morocco2.25%

Saudi Arabia2%

Romania1.75%

New Zealand1.75%

Thailand1.5%

Poland1.5%

Australia1.5%

South Korea1.25%

Hong Kong1%

Hungary0.9%

United States0.625%

Norway0.5%

Canada0.5%

United Kingdom0.25%

Israel0.1%

Czechia0.05%

Euro area0%

Japan-0.1%

Sweden-0.5%

Denmark-0.65%

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%

← 2015 2017 →

2016: hikes and cuts worldwide →

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