Policy-rate changes in 2025-04 (7)

Hikes1

Cuts6

Largest move+350 bp

India-25 bp

New Zealand-25 bp

Philippines-25 bp

Türkiye+350 bp

Denmark-25 bp

Euro area-25 bp

Thailand-25 bp

Date	Country / region	From	To	Change
Apr 9, 2025	India	6.25%	6.00%	cut -25 bp
Apr 10, 2025	New Zealand	3.75%	3.50%	cut -25 bp
Apr 11, 2025	Philippines	5.75%	5.50%	cut -25 bp
Apr 18, 2025	Türkiye	42.50%	46.00%	hike +350 bp
Apr 22, 2025	Denmark	2.10%	1.85%	cut -25 bp
Apr 23, 2025	Euro area	2.50%	2.25%	cut -25 bp
Apr 30, 2025	Thailand	2.00%	1.75%	cut -25 bp