Russia policy rate in 2002 (2 changes)

Start of year25.00%

End of year21.00%Dec 31, 2002

Net change-400 bp0 hikes, 2 cuts

Average22.696%

Rank by level3 / 34

Changes in 2002

Date	From	To	Change
Apr 9, 2002	25.00%	23.00%	cut -200 bp
Aug 7, 2002	23.00%	21.00%	cut -200 bp

Compared with other areas at the end of 2002

Türkiye44%

Brazil25%

Russia21%

North Macedonia15.22%

South Africa13.5%

Serbia9.5%

Israel8.9%

Hungary8.5%

Mexico8.25%

India7.5%

Philippines7%

Poland6.75%

Norway6.5%

New Zealand5.75%

Iceland5.63%

China5.31%

Colombia5.25%

Malaysia5%

Australia4.75%

South Korea4.25%

United Kingdom4%

Sweden3.75%

Morocco3.25%

Kuwait3.25%

Chile3%

Denmark2.95%

Euro area2.75%

Hong Kong2.75%

Czechia2.75%

Canada2.75%

Saudi Arabia2%

Thailand1.75%

United States1.25%

Switzerland0.75%

Year-end rate over time

202614%

202516%

202421%

202316%

20227.5%

20218.5%

20204.25%

20196.25%

20187.75%

20177.75%

201610%

201511%

201417%

20135.5%

20128.25%

20118%

20107.75%

20098.75%

200813%

200710%

200611%

200512%

200413%

200316%

200221%

200125%

200025%

← 2000 2003 →

2002: hikes and cuts worldwide →

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