Central Bank RatesNorth Macedonia policy rate in 2003 (61 changes)
Start of year15.22%
End of year6.65%Dec 31, 2003
Net change-857 bp19 hikes, 42 cuts
Average8.256%
Rank by level11 / 36
Changes in 2003
| Date | From | To | Change |
|---|---|---|---|
| Jan 8, 2003 | 15.22% | 14.88% | cut -34 bp |
| Jan 10, 2003 | 14.88% | 14.06% | cut -82 bp |
| Jan 13, 2003 | 14.06% | 13.46% | cut -60 bp |
| Jan 15, 2003 | 13.46% | 13.68% | hike +22 bp |
| Jan 17, 2003 | 13.68% | 14.37% | hike +69 bp |
| Jan 20, 2003 | 14.37% | 15.46% | hike +109 bp |
| Jan 22, 2003 | 15.46% | 15.56% | hike +10 bp |
| Jan 24, 2003 | 15.56% | 15.82% | hike +26 bp |
| Jan 27, 2003 | 15.82% | 15.86% | hike +4 bp |
| Jan 29, 2003 | 15.86% | 15.60% | cut -26 bp |
| Jan 31, 2003 | 15.60% | 15.05% | cut -55 bp |
| Feb 3, 2003 | 15.05% | 15.30% | hike +25 bp |
| Feb 5, 2003 | 15.30% | 15.40% | hike +10 bp |
| Feb 7, 2003 | 15.40% | 15.10% | cut -30 bp |
| Feb 10, 2003 | 15.10% | 14.41% | cut -69 bp |
| Feb 12, 2003 | 14.41% | 13.95% | cut -46 bp |
| Feb 14, 2003 | 13.95% | 13.57% | cut -38 bp |
| Feb 17, 2003 | 13.57% | 13.41% | cut -16 bp |
| Feb 19, 2003 | 13.41% | 12.84% | cut -57 bp |
| Feb 21, 2003 | 12.84% | 12.02% | cut -82 bp |
| Feb 24, 2003 | 12.02% | 12.19% | hike +17 bp |
| Feb 26, 2003 | 12.19% | 11.88% | cut -31 bp |
| Feb 28, 2003 | 11.88% | 11.42% | cut -46 bp |
| Mar 3, 2003 | 11.42% | 10.76% | cut -66 bp |
| Mar 5, 2003 | 10.76% | 10.35% | cut -41 bp |
| Mar 7, 2003 | 10.35% | 10.36% | hike +1 bp |
| Mar 10, 2003 | 10.36% | 9.96% | cut -40 bp |
| Mar 12, 2003 | 9.96% | 9.98% | hike +2 bp |
| Mar 14, 2003 | 9.98% | 9.76% | cut -22 bp |
| Mar 17, 2003 | 9.76% | 9.75% | cut -1 bp |
| Mar 19, 2003 | 9.75% | 9.49% | cut -26 bp |
| Mar 21, 2003 | 9.49% | 9.12% | cut -37 bp |
| Mar 24, 2003 | 9.12% | 8.98% | cut -14 bp |
| Mar 26, 2003 | 8.98% | 8.65% | cut -33 bp |
| Mar 28, 2003 | 8.65% | 8.37% | cut -28 bp |
| Mar 31, 2003 | 8.37% | 7.93% | cut -44 bp |
| Apr 2, 2003 | 7.93% | 7.52% | cut -41 bp |
| Apr 4, 2003 | 7.52% | 7.07% | cut -45 bp |
| Apr 7, 2003 | 7.07% | 6.78% | cut -29 bp |
| Apr 9, 2003 | 6.78% | 6.94% | hike +16 bp |
| Apr 11, 2003 | 6.94% | 7.00% | hike +6 bp |
| Oct 22, 2003 | 7.00% | 6.57% | cut -43 bp |
| Oct 24, 2003 | 6.57% | 6.47% | cut -10 bp |
| Oct 29, 2003 | 6.47% | 6.44% | cut -3 bp |
| Oct 31, 2003 | 6.44% | 6.38% | cut -6 bp |
| Nov 5, 2003 | 6.38% | 6.40% | hike +2 bp |
| Nov 7, 2003 | 6.40% | 6.32% | cut -8 bp |
| Nov 12, 2003 | 6.32% | 6.20% | cut -12 bp |
| Nov 14, 2003 | 6.20% | 6.19% | cut -1 bp |
| Nov 19, 2003 | 6.19% | 6.08% | cut -11 bp |
| Nov 21, 2003 | 6.08% | 6.00% | cut -8 bp |
| Nov 26, 2003 | 6.00% | 5.91% | cut -9 bp |
| Nov 28, 2003 | 5.91% | 5.79% | cut -12 bp |
| Dec 3, 2003 | 5.79% | 5.75% | cut -4 bp |
| Dec 5, 2003 | 5.75% | 5.77% | hike +2 bp |
| Dec 10, 2003 | 5.77% | 5.79% | hike +2 bp |
| Dec 12, 2003 | 5.79% | 5.63% | cut -16 bp |
| Dec 17, 2003 | 5.63% | 6.14% | hike +51 bp |
| Dec 24, 2003 | 6.14% | 6.55% | hike +41 bp |
| Dec 26, 2003 | 6.55% | 6.75% | hike +20 bp |
| Dec 31, 2003 | 6.75% | 6.65% | cut -10 bp |
Compared with other areas at the end of 2003
26%
21.25%
16.5%
16%
12.5%
9%
8%
7.25%
7%
6.75%
6.65%
6.12%
5.31%
5.25%
5.25%
5.2%
5.16%
5%
4.5%
3.75%
3.75%
3.25%
3.25%
2.75%
2.75%
2.5%
2.5%
2.25%
2.25%
2.15%
2%
2%
1.75%
1.25%
1%
0.375%
Year-end rate over time
4.25%
4%
5.55%
6.3%
4.75%
1.25%
1.5%
2.25%
2.5%
3.25%
3.75%
3.25%
3.25%
3.25%
3.73%
4%
4%
8.5%
7%
4.81%
5.81%
8.37%
10%
6.65%
15.22%
15%
6.89%
2003: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.