Policy-rate changes in 2023-09 (12)

Hikes8

Cuts4

Largest move+500 bp

Chile-75 bp

Poland-75 bp

Denmark+25 bp

Peru-25 bp

Russia+100 bp

North Macedonia+15 bp

Euro area+25 bp

Brazil-50 bp

Norway+25 bp

Türkiye+500 bp

Sweden+25 bp

Thailand+25 bp

Date	Country / region	From	To	Change
Sep 6, 2023	Chile	10.25%	9.50%	cut -75 bp
Sep 7, 2023	Poland	6.75%	6.00%	cut -75 bp
Sep 15, 2023	Denmark	3.35%	3.60%	hike +25 bp
Sep 15, 2023	Peru	7.75%	7.50%	cut -25 bp
Sep 18, 2023	Russia	12.00%	13.00%	hike +100 bp
Sep 20, 2023	North Macedonia	6.15%	6.30%	hike +15 bp
Sep 20, 2023	Euro area	4.25%	4.50%	hike +25 bp
Sep 21, 2023	Brazil	13.25%	12.75%	cut -50 bp
Sep 22, 2023	Norway	4.00%	4.25%	hike +25 bp
Sep 22, 2023	Türkiye	25.00%	30.00%	hike +500 bp
Sep 27, 2023	Sweden	3.75%	4.00%	hike +25 bp
Sep 27, 2023	Thailand	2.25%	2.50%	hike +25 bp