Iceland policy rate in 2020 (5 changes)

Start of year3.00%

End of year0.75%Dec 31, 2020

Net change-225 bp0 hikes, 5 cuts

Average1.488%

Rank by level18 / 38

Changes in 2020

Date	From	To	Change
Feb 5, 2020	3.00%	2.75%	cut -25 bp
Mar 11, 2020	2.75%	2.25%	cut -50 bp
Mar 18, 2020	2.25%	1.75%	cut -50 bp
May 20, 2020	1.75%	1.00%	cut -75 bp
Nov 18, 2020	1.00%	0.75%	cut -25 bp

Compared with other areas at the end of 2020

Türkiye17%

Russia4.25%

Mexico4.25%

India4%

China3.85%

Indonesia3.75%

South Africa3.5%

Philippines2%

Brazil2%

Malaysia1.75%

Colombia1.75%

Romania1.5%

North Macedonia1.5%

Morocco1.5%

Kuwait1.5%

Saudi Arabia1%

Serbia1%

Iceland0.75%

Hungary0.6%

Thailand0.5%

South Korea0.5%

Hong Kong0.5%

Chile0.5%

Peru0.25%

New Zealand0.25%

Czechia0.25%

Canada0.25%

United States0.125%

Poland0.1%

Israel0.1%

United Kingdom0.1%

Australia0.1%

Euro area0%

Sweden0%

Norway0%

Japan-0.1%

Denmark-0.6%

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%

← 2019 2021 →

2020: hikes and cuts worldwide →

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