Policy-rate changes in 2012-01 (8)

Hikes1

Cuts7

Largest move-50 bp

Romania-25 bp

Chile-25 bp

Brazil-50 bp

Philippines-25 bp

Serbia-25 bp

Thailand-25 bp

Israel-25 bp

Colombia+25 bp

Date	Country / region	From	To	Change
Jan 6, 2012	Romania	6.00%	5.75%	cut -25 bp
Jan 13, 2012	Chile	5.25%	5.00%	cut -25 bp
Jan 19, 2012	Brazil	11.00%	10.50%	cut -50 bp
Jan 19, 2012	Philippines	4.50%	4.25%	cut -25 bp
Jan 19, 2012	Serbia	9.75%	9.50%	cut -25 bp
Jan 25, 2012	Thailand	3.25%	3.00%	cut -25 bp
Jan 26, 2012	Israel	2.75%	2.50%	cut -25 bp
Jan 31, 2012	Colombia	4.75%	5.00%	hike +25 bp