Policy-rate changes in 2009-10 (7)

Hikes3

Cuts4

Largest move-100 bp

Iceland+25 bp

Australia+25 bp

Serbia-100 bp

Türkiye-50 bp

Hungary-50 bp

Norway+25 bp

Russia-50 bp

Date	Country / region	From	To	Change
Oct 1, 2009	Iceland	9.50%	9.75%	hike +25 bp
Oct 7, 2009	Australia	3.00%	3.25%	hike +25 bp
Oct 8, 2009	Serbia	12.00%	11.00%	cut -100 bp
Oct 16, 2009	Türkiye	7.25%	6.75%	cut -50 bp
Oct 20, 2009	Hungary	7.50%	7.00%	cut -50 bp
Oct 29, 2009	Norway	1.25%	1.50%	hike +25 bp
Oct 30, 2009	Russia	10.00%	9.50%	cut -50 bp