Central Bank RatesPolicy-rate changes in 2008-12 (29)
Hikes1
Cuts28
Largest move-175 bp
+100 bp
-100 bp
-100 bp
-100 bp
-25 bp
-150 bp
-75 bp
-100 bp
-75 bp
-50 bp
-175 bp
-75 bp
-50 bp
-100 bp
-50 bp
-50 bp
-88 bp
-100 bp
-50 bp
-50 bp
-175 bp
-50 bp
-50 bp
-20 bp
-125 bp
-50 bp
-27 bp
-50 bp
-75 bp
| Date | Country / region | From | To | Change |
|---|---|---|---|---|
| Dec 1, 2008 | Russia | 12.00% | 13.00% | hike +100 bp |
| Dec 3, 2008 | Australia | 5.25% | 4.25% | cut -100 bp |
| Dec 3, 2008 | Thailand | 3.75% | 2.75% | cut -100 bp |
| Dec 4, 2008 | United Kingdom | 3.00% | 2.00% | cut -100 bp |
| Dec 4, 2008 | Indonesia | 9.50% | 9.25% | cut -25 bp |
| Dec 4, 2008 | New Zealand | 6.50% | 5.00% | cut -150 bp |
| Dec 5, 2008 | Denmark | 5.00% | 4.25% | cut -75 bp |
| Dec 8, 2008 | India | 7.50% | 6.50% | cut -100 bp |
| Dec 9, 2008 | Canada | 2.25% | 1.50% | cut -75 bp |
| Dec 9, 2008 | Hungary | 11.00% | 10.50% | cut -50 bp |
| Dec 10, 2008 | Sweden | 3.75% | 2.00% | cut -175 bp |
| Dec 10, 2008 | Euro area | 3.25% | 2.50% | cut -75 bp |
| Dec 11, 2008 | Switzerland | 1.00% | 0.50% | cut -50 bp |
| Dec 11, 2008 | South Korea | 4.00% | 3.00% | cut -100 bp |
| Dec 12, 2008 | South Africa | 12.00% | 11.50% | cut -50 bp |
| Dec 16, 2008 | Saudi Arabia | 3.00% | 2.50% | cut -50 bp |
| Dec 16, 2008 | United States | 1.00% | 0.125% | cut -88 bp |
| Dec 17, 2008 | Hong Kong | 1.50% | 0.50% | cut -100 bp |
| Dec 17, 2008 | Kuwait | 4.25% | 3.75% | cut -50 bp |
| Dec 18, 2008 | Czechia | 2.75% | 2.25% | cut -50 bp |
| Dec 18, 2008 | Norway | 4.75% | 3.00% | cut -175 bp |
| Dec 18, 2008 | Philippines | 6.00% | 5.50% | cut -50 bp |
| Dec 19, 2008 | Denmark | 4.25% | 3.75% | cut -50 bp |
| Dec 19, 2008 | Japan | 0.30% | 0.10% | cut -20 bp |
| Dec 19, 2008 | Türkiye | 16.25% | 15.00% | cut -125 bp |
| Dec 22, 2008 | Colombia | 10.00% | 9.50% | cut -50 bp |
| Dec 23, 2008 | China | 5.58% | 5.31% | cut -27 bp |
| Dec 23, 2008 | Hungary | 10.50% | 10.00% | cut -50 bp |
| Dec 24, 2008 | Poland | 5.75% | 5.00% | cut -75 bp |