Policy-rate changes in 2015-04 (5)

Hikes1

Cuts4

Largest move-50 bp

Romania-25 bp

Serbia-50 bp

Hungary-15 bp

Thailand-25 bp

Brazil+50 bp

Date	Country / region	From	To	Change
Apr 1, 2015	Romania	2.25%	2.00%	cut -25 bp
Apr 9, 2015	Serbia	7.50%	7.00%	cut -50 bp
Apr 22, 2015	Hungary	1.95%	1.80%	cut -15 bp
Apr 29, 2015	Thailand	1.75%	1.50%	cut -25 bp
Apr 30, 2015	Brazil	12.75%	13.25%	hike +50 bp