Policy-rate changes in 2008-07 (16)

Hikes15

Cuts1

Largest move+75 bp

Indonesia+25 bp

Denmark+25 bp

Sweden+25 bp

Euro area+25 bp

Chile+50 bp

Peru+25 bp

Russia+25 bp

Thailand+25 bp

Philippines+50 bp

Mexico+25 bp

Türkiye+50 bp

Brazil+75 bp

New Zealand-25 bp

Colombia+25 bp

India+50 bp

Israel+25 bp

Date	Country / region	From	To	Change
Jul 3, 2008	Indonesia	8.50%	8.75%	hike +25 bp
Jul 4, 2008	Denmark	4.35%	4.60%	hike +25 bp
Jul 9, 2008	Sweden	4.25%	4.50%	hike +25 bp
Jul 9, 2008	Euro area	4.00%	4.25%	hike +25 bp
Jul 11, 2008	Chile	6.75%	7.25%	hike +50 bp
Jul 11, 2008	Peru	5.75%	6.00%	hike +25 bp
Jul 14, 2008	Russia	10.75%	11.00%	hike +25 bp
Jul 16, 2008	Thailand	3.25%	3.50%	hike +25 bp
Jul 17, 2008	Philippines	5.25%	5.75%	hike +50 bp
Jul 18, 2008	Mexico	7.75%	8.00%	hike +25 bp
Jul 18, 2008	Türkiye	16.25%	16.75%	hike +50 bp
Jul 24, 2008	Brazil	12.25%	13.00%	hike +75 bp
Jul 24, 2008	New Zealand	8.25%	8.00%	cut -25 bp
Jul 28, 2008	Colombia	9.75%	10.00%	hike +25 bp
Jul 30, 2008	India	8.50%	9.00%	hike +50 bp
Jul 31, 2008	Israel	3.75%	4.00%	hike +25 bp