Iceland policy rate in 2017 (3 changes)

Start of year5.00%

End of year4.25%Dec 29, 2017

Net change-75 bp0 hikes, 3 cuts

Average4.641%

Rank by level9 / 38

Changes in 2017

Date	From	To	Change
May 17, 2017	5.00%	4.75%	cut -25 bp
Jun 14, 2017	4.75%	4.50%	cut -25 bp
Oct 4, 2017	4.50%	4.25%	cut -25 bp

Compared with other areas at the end of 2017

Türkiye8%

Russia7.75%

Mexico7.25%

Brazil7%

South Africa6.75%

India6%

Colombia4.75%

China4.35%

Iceland4.25%

Indonesia4.25%

Serbia3.5%

Peru3.25%

North Macedonia3.25%

Philippines3%

Malaysia3%

Kuwait2.75%

Chile2.5%

Morocco2.25%

Saudi Arabia2%

Romania1.75%

New Zealand1.75%

Hong Kong1.75%

Thailand1.5%

Poland1.5%

South Korea1.5%

Australia1.5%

United States1.375%

Canada1%

Hungary0.9%

Norway0.5%

United Kingdom0.5%

Czechia0.5%

Israel0.1%

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%

← 2016 2018 →

2017: hikes and cuts worldwide →

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