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Policy-rate changes in 2003-09 (25)

Hikes10
Cuts15
Largest move-300 bp
DateCountry / regionFromToChange
Sep 2, 2003Mexico4.57%4.58%hike +1 bp
Sep 3, 2003Canada3.00%2.75%cut -25 bp
Sep 3, 2003Mexico4.58%4.48%cut -10 bp
Sep 4, 2003Mexico4.48%4.43%cut -5 bp
Sep 5, 2003Mexico4.43%4.30%cut -13 bp
Sep 8, 2003Mexico4.30%4.31%hike +1 bp
Sep 9, 2003Mexico4.31%4.30%cut -1 bp
Sep 10, 2003Mexico4.30%4.34%hike +4 bp
Sep 11, 2003Mexico4.34%4.33%cut -1 bp
Sep 11, 2003South Africa11.00%10.00%cut -100 bp
Sep 12, 2003Mexico4.33%4.34%hike +1 bp
Sep 15, 2003Mexico4.34%4.37%hike +3 bp
Sep 17, 2003Mexico4.37%4.25%cut -12 bp
Sep 18, 2003Brazil22.00%20.00%cut -200 bp
Sep 18, 2003Mexico4.25%4.33%hike +8 bp
Sep 18, 2003Norway3.00%2.50%cut -50 bp
Sep 18, 2003Türkiye32.00%29.00%cut -300 bp
Sep 19, 2003Mexico4.33%4.35%hike +2 bp
Sep 22, 2003Mexico4.35%4.26%cut -9 bp
Sep 23, 2003Mexico4.26%4.17%cut -9 bp
Sep 24, 2003Mexico4.17%4.18%hike +1 bp
Sep 25, 2003Israel6.50%6.10%cut -40 bp
Sep 25, 2003Mexico4.18%4.23%hike +5 bp
Sep 29, 2003Mexico4.23%4.32%hike +9 bp
Sep 30, 2003Mexico4.32%4.30%cut -2 bp

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