Policy-rate changes in 2016-03 (8)

Hikes2

Cuts6

Largest move-25 bp

New Zealand-25 bp

Euro area-5 bp

Indonesia-25 bp

Norway-25 bp

South Africa+25 bp

Colombia+25 bp

Morocco-25 bp

Hungary-15 bp

Date	Country / region	From	To	Change
Mar 10, 2016	New Zealand	2.50%	2.25%	cut -25 bp
Mar 16, 2016	Euro area	0.05%	0.00%	cut -5 bp
Mar 17, 2016	Indonesia	7.00%	6.75%	cut -25 bp
Mar 18, 2016	Norway	0.75%	0.50%	cut -25 bp
Mar 18, 2016	South Africa	6.75%	7.00%	hike +25 bp
Mar 22, 2016	Colombia	6.25%	6.50%	hike +25 bp
Mar 22, 2016	Morocco	2.50%	2.25%	cut -25 bp
Mar 23, 2016	Hungary	1.35%	1.20%	cut -15 bp