Policy-rate changes in 2023-07 (11)

Hikes10

Cuts1

Largest move+250 bp

Sweden+25 bp

Canada+25 bp

Serbia+25 bp

Türkiye+250 bp

Russia+100 bp

Kuwait+25 bp

Saudi Arabia+25 bp

Hong Kong+25 bp

United States+25 bp

Denmark+25 bp

Chile-100 bp

Date	Country / region	From	To	Change
Jul 5, 2023	Sweden	3.50%	3.75%	hike +25 bp
Jul 13, 2023	Canada	4.75%	5.00%	hike +25 bp
Jul 13, 2023	Serbia	6.25%	6.50%	hike +25 bp
Jul 21, 2023	Türkiye	15.00%	17.50%	hike +250 bp
Jul 25, 2023	Russia	7.50%	8.50%	hike +100 bp
Jul 26, 2023	Kuwait	4.00%	4.25%	hike +25 bp
Jul 26, 2023	Saudi Arabia	5.75%	6.00%	hike +25 bp
Jul 27, 2023	Hong Kong	5.50%	5.75%	hike +25 bp
Jul 27, 2023	United States	5.125%	5.375%	hike +25 bp
Jul 28, 2023	Denmark	3.10%	3.35%	hike +25 bp
Jul 31, 2023	Chile	11.25%	10.25%	cut -100 bp