Russia policy rate in 2022 (8 changes)

Start of year8.50%

End of year7.50%Dec 30, 2022

Net change-100 bp2 hikes, 6 cuts

Average10.676%

Rank by level7 / 38

Changes in 2022

Date	From	To	Change
Feb 14, 2022	8.50%	9.50%	hike +100 bp
Feb 28, 2022	9.50%	20.00%	hike +1,050 bp
Apr 11, 2022	20.00%	17.00%	cut -300 bp
May 4, 2022	17.00%	14.00%	cut -300 bp
May 27, 2022	14.00%	11.00%	cut -300 bp
Jun 14, 2022	11.00%	9.50%	cut -150 bp
Jul 25, 2022	9.50%	8.00%	cut -150 bp
Sep 19, 2022	8.00%	7.50%	cut -50 bp

Compared with other areas at the end of 2022

Brazil13.75%

Hungary13%

Colombia12%

Chile11.25%

Mexico10.5%

Türkiye9%

Russia7.5%

Peru7.5%

South Africa7%

Czechia7%

Romania6.75%

Poland6.75%

India6.25%

Iceland6%

Philippines5.5%

Indonesia5.5%

Saudi Arabia5%

Serbia5%

North Macedonia4.75%

Hong Kong4.75%

United States4.375%

New Zealand4.25%

Canada4.25%

China3.65%

Kuwait3.5%

United Kingdom3.5%

South Korea3.25%

Israel3.25%

Australia3.1%

Norway2.75%

Malaysia2.75%

Euro area2.5%

Sweden2.5%

Morocco2.5%

Denmark1.75%

Thailand1.25%

Switzerland1%

Japan-0.1%

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%

← 2021 2023 →

2022: hikes and cuts worldwide →

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