Policy-rate changes in 2014-05 (4)

Hikes0

Cuts4

Largest move-50 bp

Serbia-50 bp

Iceland-12 bp

Türkiye-50 bp

Hungary-10 bp

Date	Country / region	From	To	Change
May 8, 2014	Serbia	9.50%	9.00%	cut -50 bp
May 21, 2014	Iceland	5.375%	5.25%	cut -12 bp
May 23, 2014	Türkiye	10.00%	9.50%	cut -50 bp
May 28, 2014	Hungary	2.50%	2.40%	cut -10 bp