Policy-rate changes in 2004-06 (18)

Hikes11

Cuts7

Largest move-100 bp

Iceland+24 bp

Mexico+1 bp

Mexico-1 bp

Romania-50 bp

United Kingdom+25 bp

Mexico-1 bp

New Zealand+25 bp

Mexico+2 bp

Mexico-1 bp

Russia-100 bp

Switzerland+12 bp

Mexico+1 bp

Mexico-1 bp

Czechia+25 bp

Mexico+1 bp

Mexico-1 bp

Mexico+18 bp

United States+25 bp

Date	Country / region	From	To	Change
Jun 1, 2004	Iceland	5.35%	5.59%	hike +24 bp
Jun 4, 2004	Mexico	6.35%	6.36%	hike +1 bp
Jun 7, 2004	Mexico	6.36%	6.35%	cut -1 bp
Jun 7, 2004	Romania	21.25%	20.75%	cut -50 bp
Jun 10, 2004	United Kingdom	4.25%	4.50%	hike +25 bp
Jun 10, 2004	Mexico	6.35%	6.34%	cut -1 bp
Jun 10, 2004	New Zealand	5.50%	5.75%	hike +25 bp
Jun 11, 2004	Mexico	6.34%	6.36%	hike +2 bp
Jun 14, 2004	Mexico	6.36%	6.35%	cut -1 bp
Jun 15, 2004	Russia	14.00%	13.00%	cut -100 bp
Jun 17, 2004	Switzerland	0.375%	0.50%	hike +12 bp
Jun 18, 2004	Mexico	6.35%	6.36%	hike +1 bp
Jun 21, 2004	Mexico	6.36%	6.35%	cut -1 bp
Jun 25, 2004	Czechia	2.00%	2.25%	hike +25 bp
Jun 25, 2004	Mexico	6.35%	6.36%	hike +1 bp
Jun 28, 2004	Mexico	6.36%	6.35%	cut -1 bp
Jun 30, 2004	Mexico	6.35%	6.53%	hike +18 bp
Jun 30, 2004	United States	1.00%	1.25%	hike +25 bp