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Policy-rate changes in 2004-09 (19)

Hikes16

Cuts3

Largest move-200 bp

Mexico-2 bp

Mexico+1 bp

Canada+25 bp

Chile+25 bp

Türkiye-200 bp

New Zealand+25 bp

Brazil+25 bp

Switzerland+25 bp

Iceland+47 bp

Mexico+3 bp

Mexico-3 bp

United States+25 bp

Hong Kong+25 bp

Kuwait+25 bp

Mexico+25 bp

Saudi Arabia+25 bp

Mexico+20 bp

North Macedonia+50 bp

Mexico+1 bp

Date	Country / region	From	To	Change
Sep 3, 2004	Mexico	7.17%	7.15%	cut -2 bp
Sep 6, 2004	Mexico	7.15%	7.16%	hike +1 bp
Sep 8, 2004	Canada	2.00%	2.25%	hike +25 bp
Sep 8, 2004	Chile	1.75%	2.00%	hike +25 bp
Sep 8, 2004	Türkiye	22.00%	20.00%	cut -200 bp
Sep 9, 2004	New Zealand	6.00%	6.25%	hike +25 bp
Sep 16, 2004	Brazil	16.00%	16.25%	hike +25 bp
Sep 16, 2004	Switzerland	0.50%	0.75%	hike +25 bp
Sep 17, 2004	Iceland	6.06%	6.53%	hike +47 bp
Sep 17, 2004	Mexico	7.16%	7.19%	hike +3 bp
Sep 20, 2004	Mexico	7.19%	7.16%	cut -3 bp
Sep 21, 2004	United States	1.50%	1.75%	hike +25 bp
Sep 22, 2004	Hong Kong	3.00%	3.25%	hike +25 bp
Sep 22, 2004	Kuwait	4.00%	4.25%	hike +25 bp
Sep 22, 2004	Mexico	7.16%	7.41%	hike +25 bp
Sep 22, 2004	Saudi Arabia	1.75%	2.00%	hike +25 bp
Sep 24, 2004	Mexico	7.41%	7.61%	hike +20 bp
Sep 29, 2004	North Macedonia	8.50%	9.00%	hike +50 bp
Sep 30, 2004	Mexico	7.61%	7.62%	hike +1 bp

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