Russia policy rate in 2018 (4 changes)

Start of year7.75%

End of year7.75%Dec 31, 2018

Net change+0 bp2 hikes, 2 cuts

Average7.413%

Rank by level3 / 38

Changes in 2018

Date	From	To	Change
Feb 12, 2018	7.75%	7.50%	cut -25 bp
Mar 27, 2018	7.50%	7.25%	cut -25 bp
Sep 17, 2018	7.25%	7.50%	hike +25 bp
Dec 17, 2018	7.50%	7.75%	hike +25 bp

Compared with other areas at the end of 2018

Türkiye24%

Mexico8.25%

Russia7.75%

South Africa6.75%

India6.5%

Brazil6.5%

Indonesia6%

Philippines4.75%

Iceland4.5%

China4.35%

Colombia4.25%

Malaysia3.25%

Saudi Arabia3%

Serbia3%

Kuwait3%

Peru2.75%

Hong Kong2.75%

Chile2.75%

Romania2.5%

North Macedonia2.5%

United States2.375%

Morocco2.25%

Thailand1.75%

New Zealand1.75%

South Korea1.75%

Czechia1.75%

Canada1.75%

Poland1.5%

Australia1.5%

Hungary0.9%

Norway0.75%

United Kingdom0.75%

Israel0.25%

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%

← 2017 2019 →

2018: hikes and cuts worldwide →

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