Policy-rate changes in 2023-12 (9)

Hikes3

Cuts6

Largest move+250 bp

Brazil-50 bp

Norway+25 bp

Peru-25 bp

Russia+100 bp

Chile-75 bp

Colombia-25 bp

Hungary-75 bp

Czechia-25 bp

Türkiye+250 bp

Date	Country / region	From	To	Change
Dec 14, 2023	Brazil	12.25%	11.75%	cut -50 bp
Dec 15, 2023	Norway	4.25%	4.50%	hike +25 bp
Dec 15, 2023	Peru	7.00%	6.75%	cut -25 bp
Dec 18, 2023	Russia	15.00%	16.00%	hike +100 bp
Dec 20, 2023	Chile	9.00%	8.25%	cut -75 bp
Dec 20, 2023	Colombia	13.25%	13.00%	cut -25 bp
Dec 20, 2023	Hungary	11.50%	10.75%	cut -75 bp
Dec 22, 2023	Czechia	7.00%	6.75%	cut -25 bp
Dec 22, 2023	Türkiye	40.00%	42.50%	hike +250 bp