Russia policy rate in 2009 (10 changes)

Start of year13.00%

End of year8.75%Dec 31, 2009

Net change-425 bp0 hikes, 10 cuts

Average11.322%

Rank by level3 / 38

Changes in 2009

Date	From	To	Change
Apr 24, 2009	13.00%	12.50%	cut -50 bp
May 14, 2009	12.50%	12.00%	cut -50 bp
Jun 5, 2009	12.00%	11.50%	cut -50 bp
Jul 13, 2009	11.50%	11.00%	cut -50 bp
Aug 10, 2009	11.00%	10.75%	cut -25 bp
Sep 15, 2009	10.75%	10.50%	cut -25 bp
Sep 30, 2009	10.50%	10.00%	cut -50 bp
Oct 30, 2009	10.00%	9.50%	cut -50 bp
Nov 25, 2009	9.50%	9.00%	cut -50 bp
Dec 28, 2009	9.00%	8.75%	cut -25 bp

Compared with other areas at the end of 2009

Serbia9.5%

Iceland9.125%

Russia8.75%

Brazil8.75%

North Macedonia8.5%

Romania8%

South Africa7%

Türkiye6.5%

Indonesia6.5%

Hungary6.25%

China5.31%

India4.75%

Mexico4.5%

Philippines4%

Australia3.75%

Poland3.5%

Colombia3.5%

Morocco3.25%

Kuwait3%

New Zealand2.5%

Saudi Arabia2%

Malaysia2%

South Korea2%

Norway1.75%

Thailand1.25%

Peru1.25%

Israel1.25%

Euro area1%

Czechia1%

Denmark0.95%

Hong Kong0.5%

United Kingdom0.5%

Chile0.5%

Switzerland0.375%

Sweden0.25%

Canada0.25%

United States0.125%

Japan0.1%

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%

← 2008 2010 →

2009: hikes and cuts worldwide →

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