Policy-rate changes in 2019-05 (5)

Hikes1

Cuts4

Largest move-50 bp

Czechia+25 bp

Malaysia-25 bp

New Zealand-25 bp

Philippines-25 bp

Iceland-50 bp

Date	Country / region	From	To	Change
May 3, 2019	Czechia	1.75%	2.00%	hike +25 bp
May 7, 2019	Malaysia	3.25%	3.00%	cut -25 bp
May 9, 2019	New Zealand	1.75%	1.50%	cut -25 bp
May 10, 2019	Philippines	4.75%	4.50%	cut -25 bp
May 22, 2019	Iceland	4.50%	4.00%	cut -50 bp