Policy-rate changes in 2013-01 (7)

Hikes2

Cuts5

Largest move-25 bp

North Macedonia-24 bp

Poland-25 bp

Serbia+25 bp

Denmark+10 bp

Colombia-25 bp

India-25 bp

Hungary-25 bp

Date	Country / region	From	To	Change
Jan 9, 2013	North Macedonia	3.73%	3.49%	cut -24 bp
Jan 10, 2013	Poland	4.25%	4.00%	cut -25 bp
Jan 17, 2013	Serbia	11.25%	11.50%	hike +25 bp
Jan 25, 2013	Denmark	-0.20%	-0.10%	hike +10 bp
Jan 29, 2013	Colombia	4.25%	4.00%	cut -25 bp
Jan 29, 2013	India	8.00%	7.75%	cut -25 bp
Jan 30, 2013	Hungary	5.75%	5.50%	cut -25 bp