Policy-rate changes in 2004-10 (14)

Hikes11

Cuts3

Largest move-50 bp

Mexico-1 bp

Peru+25 bp

Mexico+1 bp

Canada+25 bp

Hungary-50 bp

Thailand+25 bp

Brazil+50 bp

Mexico+1 bp

Mexico+13 bp

Mexico+6 bp

Mexico-1 bp

New Zealand+25 bp

China+27 bp

Iceland+46 bp

Date	Country / region	From	To	Change
Oct 1, 2004	Mexico	7.62%	7.61%	cut -1 bp
Oct 8, 2004	Peru	2.75%	3.00%	hike +25 bp
Oct 12, 2004	Mexico	7.61%	7.62%	hike +1 bp
Oct 19, 2004	Canada	2.25%	2.50%	hike +25 bp
Oct 19, 2004	Hungary	11.00%	10.50%	cut -50 bp
Oct 20, 2004	Thailand	1.50%	1.75%	hike +25 bp
Oct 21, 2004	Brazil	16.25%	16.75%	hike +50 bp
Oct 21, 2004	Mexico	7.62%	7.63%	hike +1 bp
Oct 22, 2004	Mexico	7.63%	7.76%	hike +13 bp
Oct 25, 2004	Mexico	7.76%	7.82%	hike +6 bp
Oct 27, 2004	Mexico	7.82%	7.81%	cut -1 bp
Oct 28, 2004	New Zealand	6.25%	6.50%	hike +25 bp
Oct 29, 2004	China	5.31%	5.58%	hike +27 bp
Oct 29, 2004	Iceland	6.53%	6.99%	hike +46 bp