Policy-rate changes in 2008-09 (8)

Hikes5

Cuts3

Largest move+75 bp

Australia-25 bp

Indonesia+25 bp

Chile+50 bp

Sweden+25 bp

Brazil+75 bp

New Zealand-50 bp

Peru+25 bp

China-27 bp

Date	Country / region	From	To	Change
Sep 3, 2008	Australia	7.25%	7.00%	cut -25 bp
Sep 4, 2008	Indonesia	9.00%	9.25%	hike +25 bp
Sep 5, 2008	Chile	7.75%	8.25%	hike +50 bp
Sep 10, 2008	Sweden	4.50%	4.75%	hike +25 bp
Sep 11, 2008	Brazil	13.00%	13.75%	hike +75 bp
Sep 11, 2008	New Zealand	8.00%	7.50%	cut -50 bp
Sep 12, 2008	Peru	6.25%	6.50%	hike +25 bp
Sep 16, 2008	China	7.47%	7.20%	cut -27 bp