Iceland policy rate in 2018 (1 changes)

Start of year4.25%

End of year4.50%Dec 31, 2018

Net change+25 bp1 hikes, 0 cuts

Average4.286%

Rank by level9 / 38

Changes in 2018

Date	From	To	Change
Nov 7, 2018	4.25%	4.50%	hike +25 bp

Compared with other areas at the end of 2018

Türkiye24%

Mexico8.25%

Russia7.75%

South Africa6.75%

India6.5%

Brazil6.5%

Indonesia6%

Philippines4.75%

Iceland4.5%

China4.35%

Colombia4.25%

Malaysia3.25%

Saudi Arabia3%

Serbia3%

Kuwait3%

Peru2.75%

Hong Kong2.75%

Chile2.75%

Romania2.5%

North Macedonia2.5%

United States2.375%

Morocco2.25%

Thailand1.75%

New Zealand1.75%

South Korea1.75%

Czechia1.75%

Canada1.75%

Poland1.5%

Australia1.5%

Hungary0.9%

Norway0.75%

United Kingdom0.75%

Israel0.25%

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%

← 2017 2019 →

2018: hikes and cuts worldwide →

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