Policy-rate changes in 2012-04 (5)

Hikes1

Cuts4

Largest move-75 bp

North Macedonia-6 bp

India-50 bp

North Macedonia+3 bp

Brazil-75 bp

North Macedonia-3 bp

Date	Country / region	From	To	Change
Apr 11, 2012	North Macedonia	4.00%	3.94%	cut -6 bp
Apr 17, 2012	India	8.50%	8.00%	cut -50 bp
Apr 18, 2012	North Macedonia	3.94%	3.97%	hike +3 bp
Apr 19, 2012	Brazil	9.75%	9.00%	cut -75 bp
Apr 25, 2012	North Macedonia	3.97%	3.94%	cut -3 bp