Policy-rate changes in 2009-12 (10)

Hikes3

Cuts7

Largest move-50 bp

Australia+25 bp

North Macedonia-50 bp

Iceland-50 bp

Denmark-5 bp

Czechia-25 bp

Norway+25 bp

Hungary-25 bp

Russia-25 bp

Serbia-50 bp

Israel+25 bp

Date	Country / region	From	To	Change
Dec 2, 2009	Australia	3.50%	3.75%	hike +25 bp
Dec 2, 2009	North Macedonia	9.00%	8.50%	cut -50 bp
Dec 10, 2009	Iceland	9.625%	9.125%	cut -50 bp
Dec 11, 2009	Denmark	1.00%	0.95%	cut -5 bp
Dec 17, 2009	Czechia	1.25%	1.00%	cut -25 bp
Dec 17, 2009	Norway	1.50%	1.75%	hike +25 bp
Dec 22, 2009	Hungary	6.50%	6.25%	cut -25 bp
Dec 28, 2009	Russia	9.00%	8.75%	cut -25 bp
Dec 29, 2009	Serbia	10.00%	9.50%	cut -50 bp
Dec 31, 2009	Israel	1.00%	1.25%	hike +25 bp