Policy-rate changes in 2017-01 (3)

Hikes0

Cuts3

Largest move-75 bp

North Macedonia-25 bp

Brazil-75 bp

Chile-25 bp

Date	Country / region	From	To	Change
Jan 11, 2017	North Macedonia	3.75%	3.50%	cut -25 bp
Jan 12, 2017	Brazil	13.75%	13.00%	cut -75 bp
Jan 20, 2017	Chile	3.50%	3.25%	cut -25 bp