Russia policy rate in 2017 (6 changes)

Start of year10.00%

End of year7.75%Dec 29, 2017

Net change-225 bp0 hikes, 6 cuts

Average9.092%

Rank by level2 / 38

Changes in 2017

Date	From	To	Change
Mar 27, 2017	10.00%	9.75%	cut -25 bp
May 3, 2017	9.75%	9.25%	cut -50 bp
Jun 19, 2017	9.25%	9.00%	cut -25 bp
Sep 20, 2017	9.00%	8.50%	cut -50 bp
Oct 27, 2017	8.50%	8.25%	cut -25 bp
Dec 18, 2017	8.25%	7.75%	cut -50 bp

Compared with other areas at the end of 2017

Türkiye8%

Russia7.75%

Mexico7.25%

Brazil7%

South Africa6.75%

India6%

Colombia4.75%

China4.35%

Iceland4.25%

Indonesia4.25%

Serbia3.5%

Peru3.25%

North Macedonia3.25%

Philippines3%

Malaysia3%

Kuwait2.75%

Chile2.5%

Morocco2.25%

Saudi Arabia2%

Romania1.75%

New Zealand1.75%

Hong Kong1.75%

Thailand1.5%

Poland1.5%

South Korea1.5%

Australia1.5%

United States1.375%

Canada1%

Hungary0.9%

Norway0.5%

United Kingdom0.5%

Czechia0.5%

Israel0.1%

Euro area0%

Japan-0.1%

Sweden-0.5%

Denmark-0.65%

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%

← 2016 2018 →

2017: hikes and cuts worldwide →

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