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Policy-rate changes in 2025-12 (15)

Hikes1
Cuts14
Largest move-150 bp
DateCountry / regionFromToChange
Dec 4, 2025Poland4.25%4.00%cut -25 bp
Dec 5, 2025India5.50%5.25%cut -25 bp
Dec 10, 2025Saudi Arabia4.50%4.25%cut -25 bp
Dec 11, 2025Hong Kong4.25%4.00%cut -25 bp
Dec 11, 2025Kuwait3.75%3.50%cut -25 bp
Dec 11, 2025United States3.875%3.625%cut -25 bp
Dec 12, 2025Philippines4.75%4.50%cut -25 bp
Dec 12, 2025Türkiye39.50%38.00%cut -150 bp
Dec 17, 2025Chile4.75%4.50%cut -25 bp
Dec 17, 2025Thailand1.50%1.25%cut -25 bp
Dec 18, 2025United Kingdom4.00%3.75%cut -25 bp
Dec 19, 2025Mexico7.25%7.00%cut -25 bp
Dec 22, 2025Japan0.50%0.75%hike +25 bp
Dec 22, 2025Russia16.50%16.00%cut -50 bp
Dec 24, 2025North Macedonia5.35%4.00%cut -135 bp

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