Russia policy rate in 2015 (5 changes)

Start of year17.00%

End of year11.00%Dec 31, 2015

Net change-600 bp0 hikes, 5 cuts

Average12.443%

Rank by level2 / 37

Changes in 2015

Date	From	To	Change
Feb 2, 2015	17.00%	15.00%	cut -200 bp
Mar 16, 2015	15.00%	14.00%	cut -100 bp
May 5, 2015	14.00%	12.50%	cut -150 bp
Jun 16, 2015	12.50%	11.50%	cut -100 bp
Aug 3, 2015	11.50%	11.00%	cut -50 bp

Compared with other areas at the end of 2015

Brazil14.25%

Russia11%

Türkiye7.5%

Indonesia7.5%

India6.75%

South Africa6.25%

Iceland5.75%

Colombia5.75%

Serbia4.5%

China4.35%

Philippines4%

Peru3.75%

Chile3.5%

Malaysia3.25%

Mexico3.25%

North Macedonia3.25%

New Zealand2.5%

Morocco2.5%

Kuwait2.25%

Saudi Arabia2%

Australia2%

Romania1.75%

Thailand1.5%

Poland1.5%

South Korea1.5%

Hungary1.35%

Norway0.75%

Hong Kong0.75%

United Kingdom0.5%

Canada0.5%

United States0.375%

Israel0.1%

Euro area0.05%

Czechia0.05%

Sweden-0.35%

Denmark-0.75%

Switzerland-0.75%

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%

← 2014 2016 →

2015: hikes and cuts worldwide →

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