Policy-rate changes in 2016-12 (8)

Hikes4

Cuts4

Largest move+50 bp

Brazil-25 bp

Iceland-25 bp

North Macedonia-25 bp

Hong Kong+25 bp

Kuwait+25 bp

Mexico+50 bp

United States+25 bp

Colombia-25 bp

Date	Country / region	From	To	Change
Dec 1, 2016	Brazil	14.00%	13.75%	cut -25 bp
Dec 14, 2016	Iceland	5.25%	5.00%	cut -25 bp
Dec 14, 2016	North Macedonia	4.00%	3.75%	cut -25 bp
Dec 15, 2016	Hong Kong	0.75%	1.00%	hike +25 bp
Dec 15, 2016	Kuwait	2.25%	2.50%	hike +25 bp
Dec 15, 2016	Mexico	5.25%	5.75%	hike +50 bp
Dec 15, 2016	United States	0.375%	0.625%	hike +25 bp
Dec 19, 2016	Colombia	7.75%	7.50%	cut -25 bp