Policy-rate changes in 2005-08 (10)

Hikes5

Cuts5

Largest move-400 bp

United Kingdom-25 bp

Indonesia+25 bp

Romania-400 bp

Saudi Arabia+25 bp

United States+25 bp

Hong Kong+25 bp

Chile+25 bp

Hungary-50 bp

Mexico-22 bp

Mexico-2 bp

Date	Country / region	From	To	Change
Aug 4, 2005	United Kingdom	4.75%	4.50%	cut -25 bp
Aug 9, 2005	Indonesia	8.50%	8.75%	hike +25 bp
Aug 9, 2005	Romania	12.50%	8.50%	cut -400 bp
Aug 9, 2005	Saudi Arabia	3.75%	4.00%	hike +25 bp
Aug 9, 2005	United States	3.25%	3.50%	hike +25 bp
Aug 10, 2005	Hong Kong	4.75%	5.00%	hike +25 bp
Aug 12, 2005	Chile	3.50%	3.75%	hike +25 bp
Aug 23, 2005	Hungary	6.75%	6.25%	cut -50 bp
Aug 26, 2005	Mexico	9.75%	9.53%	cut -22 bp
Aug 29, 2005	Mexico	9.53%	9.51%	cut -2 bp