Policy-rate changes in 2011-10 (5)

Hikes1

Cuts4

Largest move-50 bp

Israel-25 bp

Serbia-50 bp

Indonesia-25 bp

Brazil-50 bp

India+25 bp

Date	Country / region	From	To	Change
Oct 2, 2011	Israel	3.25%	3.00%	cut -25 bp
Oct 6, 2011	Serbia	11.25%	10.75%	cut -50 bp
Oct 11, 2011	Indonesia	6.75%	6.50%	cut -25 bp
Oct 20, 2011	Brazil	12.00%	11.50%	cut -50 bp
Oct 25, 2011	India	8.25%	8.50%	hike +25 bp