Iceland policy rate in 2021 (4 changes)

Start of year0.75%

End of year2.00%Dec 31, 2021

Net change+125 bp4 hikes, 0 cuts

Average1.124%

Rank by level15 / 38

Changes in 2021

Date	From	To	Change
May 19, 2021	0.75%	1.00%	hike +25 bp
Aug 25, 2021	1.00%	1.25%	hike +25 bp
Oct 6, 2021	1.25%	1.50%	hike +25 bp
Nov 17, 2021	1.50%	2.00%	hike +50 bp

Compared with other areas at the end of 2021

Türkiye14%

Brazil9.25%

Russia8.5%

Mexico5.5%

India4%

Chile4%

China3.8%

South Africa3.75%

Czechia3.75%

Indonesia3.5%

Colombia3%

Peru2.5%

Hungary2.4%

Philippines2%

Iceland2%

Romania1.75%

Poland1.75%

Malaysia1.75%

Morocco1.5%

Kuwait1.5%

North Macedonia1.25%

Saudi Arabia1%

Serbia1%

South Korea1%

New Zealand0.75%

Thailand0.5%

Norway0.5%

Hong Kong0.5%

United Kingdom0.25%

Canada0.25%

United States0.125%

Israel0.1%

Australia0.1%

Euro area0%

Sweden0%

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%

← 2020 2022 →

2021: hikes and cuts worldwide →

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