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Policy rates worldwide in 2006: 172 hikes, 110 cuts

Areas38

Hikes172

Cuts110

Median at year end5.53%

Rate at year end

Türkiye17.5%

Serbia14%

Iceland13.3%

Brazil13.25%

Russia11%

Indonesia9.75%

South Africa9%

Romania8.75%

Hungary8%

Philippines7.5%

Colombia7.5%

New Zealand7.25%

India7.25%

Mexico7.02%

Hong Kong6.75%

Kuwait6.25%

Australia6.25%

China6.12%

North Macedonia5.81%

United States5.25%

Chile5.25%

Saudi Arabia5.2%

Thailand5%

United Kingdom5%

Peru4.5%

South Korea4.5%

Israel4.5%

Canada4.25%

Poland4%

Denmark3.75%

Euro area3.5%

Norway3.5%

Malaysia3.5%

Morocco3.25%

Sweden3%

Czechia2.5%

Switzerland2%

Japan0.25%

Number of changes

Mexico95

North Macedonia55

Brazil8

Israel7

Iceland7

Indonesia7

Sweden6

Denmark6

Colombia6

Peru5

Euro area5

Norway5

Hungary5

Serbia5

Thailand4

Canada4

India4

United States4

Hong Kong4

Switzerland4

Türkiye4

South Africa4

South Korea3

Chile3

Australia3

Poland2

Saudi Arabia2

Romania2

Malaysia2

Japan2

China2

Russia2

Czechia2

United Kingdom2

Kuwait1

All changes

Date	Country / region	From	To	Change
Jan 2, 2006	Mexico	8.27%	8.26%	cut -1 bp
Jan 4, 2006	North Macedonia	8.37%	8.17%	cut -20 bp
Jan 6, 2006	North Macedonia	8.17%	7.75%	cut -42 bp
Jan 6, 2006	Peru	3.25%	3.50%	hike +25 bp
Jan 11, 2006	North Macedonia	7.75%	7.25%	cut -50 bp
Jan 12, 2006	Mexico	8.26%	8.27%	hike +1 bp
Jan 13, 2006	North Macedonia	7.25%	7.09%	cut -16 bp
Jan 13, 2006	Mexico	8.27%	8.26%	cut -1 bp
Jan 18, 2006	North Macedonia	7.09%	7.07%	cut -2 bp
Jan 18, 2006	Thailand	4.00%	4.25%	hike +25 bp
Jan 19, 2006	Brazil	18.00%	17.25%	cut -75 bp
Jan 19, 2006	Mexico	8.26%	8.25%	cut -1 bp
Jan 20, 2006	North Macedonia	7.07%	7.10%	hike +3 bp
Jan 20, 2006	Mexico	8.25%	8.27%	hike +2 bp
Jan 23, 2006	Mexico	8.27%	8.26%	cut -1 bp
Jan 24, 2006	Canada	3.25%	3.50%	hike +25 bp
Jan 24, 2006	India	6.25%	6.50%	hike +25 bp
Jan 24, 2006	Mexico	8.26%	8.27%	hike +1 bp
Jan 25, 2006	Sweden	1.50%	1.75%	hike +25 bp
Jan 26, 2006	Israel	4.50%	4.75%	hike +25 bp
Jan 26, 2006	Iceland	9.97%	10.20%	hike +23 bp
Jan 27, 2006	North Macedonia	7.10%	7.04%	cut -6 bp
Jan 27, 2006	Mexico	8.27%	7.77%	cut -50 bp
Jan 31, 2006	United States	4.25%	4.50%	hike +25 bp
Feb 1, 2006	Hong Kong	5.75%	6.00%	hike +25 bp
Feb 1, 2006	North Macedonia	7.04%	6.94%	cut -10 bp
Feb 1, 2006	Poland	4.50%	4.25%	cut -25 bp
Feb 1, 2006	Saudi Arabia	4.75%	5.00%	hike +25 bp
Feb 2, 2006	Mexico	7.77%	7.76%	cut -1 bp
Feb 3, 2006	Mexico	7.76%	7.77%	hike +1 bp
Feb 3, 2006	Peru	3.50%	3.75%	hike +25 bp
Feb 8, 2006	North Macedonia	6.94%	7.03%	hike +9 bp
Feb 8, 2006	Mexico	7.77%	7.76%	cut -1 bp
Feb 9, 2006	South Korea	3.75%	4.00%	hike +25 bp
Feb 9, 2006	Romania	7.50%	8.50%	hike +100 bp
Feb 10, 2006	Chile	4.50%	4.75%	hike +25 bp
Feb 10, 2006	Mexico	7.76%	7.77%	hike +1 bp
Feb 13, 2006	Mexico	7.77%	7.76%	cut -1 bp
Feb 15, 2006	North Macedonia	7.03%	7.10%	hike +7 bp
Feb 15, 2006	Mexico	7.76%	7.77%	hike +1 bp
Feb 16, 2006	Mexico	7.77%	7.76%	cut -1 bp
Feb 17, 2006	Denmark	2.40%	2.50%	hike +10 bp
Feb 17, 2006	Mexico	7.76%	7.77%	hike +1 bp
Feb 20, 2006	Mexico	7.77%	7.78%	hike +1 bp
Feb 21, 2006	Mexico	7.78%	7.76%	cut -2 bp
Feb 22, 2006	North Macedonia	7.10%	7.18%	hike +8 bp
Feb 22, 2006	Mexico	7.76%	7.77%	hike +1 bp
Feb 22, 2006	Malaysia	3.00%	3.25%	hike +25 bp
Feb 23, 2006	Mexico	7.77%	7.78%	hike +1 bp
Feb 24, 2006	Mexico	7.78%	7.51%	cut -27 bp
Mar 1, 2006	North Macedonia	7.18%	7.22%	hike +4 bp
Mar 1, 2006	Mexico	7.51%	7.52%	hike +1 bp
Mar 1, 2006	Poland	4.25%	4.00%	cut -25 bp
Mar 1, 2006	Sweden	1.75%	2.00%	hike +25 bp
Mar 3, 2006	Denmark	2.50%	2.75%	hike +25 bp
Mar 3, 2006	Mexico	7.52%	7.53%	hike +1 bp
Mar 3, 2006	Peru	3.75%	4.00%	hike +25 bp
Mar 6, 2006	Mexico	7.53%	7.52%	cut -1 bp
Mar 7, 2006	Canada	3.50%	3.75%	hike +25 bp
Mar 8, 2006	North Macedonia	7.22%	6.95%	cut -27 bp
Mar 8, 2006	Mexico	7.52%	7.53%	hike +1 bp
Mar 8, 2006	Thailand	4.25%	4.50%	hike +25 bp
Mar 8, 2006	Euro area	2.25%	2.50%	hike +25 bp
Mar 9, 2006	Brazil	17.25%	16.50%	cut -75 bp
Mar 9, 2006	Japan	0.15%	0.00%	cut -15 bp
Mar 13, 2006	Mexico	7.53%	7.52%	cut -1 bp
Mar 14, 2006	Mexico	7.52%	7.51%	cut -1 bp
Mar 15, 2006	North Macedonia	6.95%	6.92%	cut -3 bp
Mar 16, 2006	Switzerland	1.00%	1.25%	hike +25 bp
Mar 17, 2006	Norway	2.25%	2.50%	hike +25 bp
Mar 22, 2006	North Macedonia	6.92%	6.52%	cut -40 bp
Mar 23, 2006	Mexico	7.51%	7.52%	hike +1 bp
Mar 24, 2006	Mexico	7.52%	7.26%	cut -26 bp
Mar 28, 2006	United States	4.50%	4.75%	hike +25 bp
Mar 29, 2006	Hong Kong	6.00%	6.25%	hike +25 bp
Mar 29, 2006	North Macedonia	6.52%	6.44%	cut -8 bp
Mar 30, 2006	Israel	4.75%	5.00%	hike +25 bp
Mar 30, 2006	Iceland	10.20%	10.87%	hike +67 bp
Mar 31, 2006	Mexico	7.26%	7.27%	hike +1 bp
Apr 3, 2006	Mexico	7.27%	7.26%	cut -1 bp
Apr 5, 2006	North Macedonia	6.44%	6.33%	cut -11 bp
Apr 7, 2006	Peru	4.00%	4.25%	hike +25 bp
Apr 10, 2006	Mexico	7.26%	7.25%	cut -1 bp
Apr 10, 2006	Thailand	4.50%	4.75%	hike +25 bp
Apr 12, 2006	North Macedonia	6.33%	6.29%	cut -4 bp
Apr 17, 2006	Chile	4.75%	5.00%	hike +25 bp
Apr 17, 2006	Mexico	7.25%	7.26%	hike +1 bp
Apr 19, 2006	Brazil	16.50%	15.75%	cut -75 bp
Apr 19, 2006	North Macedonia	6.29%	6.17%	cut -12 bp
Apr 21, 2006	Mexico	7.26%	7.01%	cut -25 bp
Apr 25, 2006	Canada	3.75%	4.00%	hike +25 bp
Apr 26, 2006	North Macedonia	6.17%	5.92%	cut -25 bp
Apr 26, 2006	Mexico	7.01%	7.02%	hike +1 bp
Apr 26, 2006	Malaysia	3.25%	3.50%	hike +25 bp
Apr 27, 2006	Israel	5.00%	5.25%	hike +25 bp
Apr 28, 2006	China	5.58%	5.85%	hike +27 bp
Apr 28, 2006	Mexico	7.02%	7.05%	hike +3 bp
Apr 28, 2006	Türkiye	13.50%	13.25%	cut -25 bp
May 2, 2006	Colombia	6.00%	6.25%	hike +25 bp
May 2, 2006	Mexico	7.05%	7.01%	cut -4 bp
May 3, 2006	Australia	5.50%	5.75%	hike +25 bp
May 3, 2006	North Macedonia	5.92%	5.77%	cut -15 bp
May 4, 2006	Mexico	7.01%	7.02%	hike +1 bp
May 5, 2006	Peru	4.25%	4.50%	hike +25 bp
May 8, 2006	Mexico	7.02%	7.01%	cut -1 bp
May 9, 2006	Indonesia	12.75%	12.50%	cut -25 bp
May 10, 2006	North Macedonia	5.77%	5.70%	cut -7 bp
May 10, 2006	Mexico	7.01%	7.02%	hike +1 bp
May 10, 2006	United States	4.75%	5.00%	hike +25 bp
May 11, 2006	Hong Kong	6.25%	6.50%	hike +25 bp
May 11, 2006	Mexico	7.02%	7.01%	cut -1 bp
May 16, 2006	Mexico	7.01%	7.02%	hike +1 bp
May 17, 2006	North Macedonia	5.70%	5.68%	cut -2 bp
May 18, 2006	Iceland	10.87%	11.54%	hike +67 bp
May 24, 2006	Canada	4.00%	4.25%	hike +25 bp
May 24, 2006	North Macedonia	5.68%	5.63%	cut -5 bp
May 31, 2006	North Macedonia	5.63%	5.70%	hike +7 bp
Jun 1, 2006	Brazil	15.75%	15.25%	cut -50 bp
Jun 1, 2006	Mexico	7.02%	7.01%	cut -1 bp
Jun 1, 2006	Norway	2.50%	2.75%	hike +25 bp
Jun 2, 2006	Mexico	7.01%	7.02%	hike +1 bp
Jun 7, 2006	North Macedonia	5.70%	5.87%	hike +17 bp
Jun 7, 2006	Thailand	4.75%	5.00%	hike +25 bp
Jun 8, 2006	India	6.50%	6.75%	hike +25 bp
Jun 8, 2006	South Korea	4.00%	4.25%	hike +25 bp
Jun 8, 2006	Türkiye	13.25%	15.00%	hike +175 bp
Jun 8, 2006	South Africa	7.00%	7.50%	hike +50 bp
Jun 9, 2006	Denmark	2.75%	3.00%	hike +25 bp
Jun 9, 2006	Mexico	7.02%	7.01%	cut -1 bp
Jun 14, 2006	North Macedonia	5.87%	5.92%	hike +5 bp
Jun 15, 2006	Switzerland	1.25%	1.50%	hike +25 bp
Jun 15, 2006	Euro area	2.50%	2.75%	hike +25 bp
Jun 20, 2006	Hungary	6.00%	6.25%	hike +25 bp
Jun 21, 2006	Colombia	6.25%	6.50%	hike +25 bp
Jun 21, 2006	North Macedonia	5.92%	5.88%	cut -4 bp
Jun 21, 2006	Mexico	7.01%	7.02%	hike +1 bp
Jun 21, 2006	Sweden	2.00%	2.25%	hike +25 bp
Jun 22, 2006	Mexico	7.02%	7.01%	cut -1 bp
Jun 23, 2006	Mexico	7.01%	7.02%	hike +1 bp
Jun 26, 2006	North Macedonia	5.88%	5.50%	cut -38 bp
Jun 26, 2006	Russia	12.00%	11.50%	cut -50 bp
Jun 26, 2006	Türkiye	15.00%	17.25%	hike +225 bp
Jun 28, 2006	Romania	8.50%	8.75%	hike +25 bp
Jun 29, 2006	United States	5.00%	5.25%	hike +25 bp
Jun 30, 2006	Hong Kong	6.50%	6.75%	hike +25 bp
Jun 30, 2006	Mexico	7.02%	7.03%	hike +1 bp
Jul 1, 2006	Saudi Arabia	5.00%	5.20%	hike +20 bp
Jul 3, 2006	Kuwait	6.00%	6.25%	hike +25 bp
Jul 3, 2006	Mexico	7.03%	7.01%	cut -2 bp
Jul 6, 2006	Indonesia	12.50%	12.25%	cut -25 bp
Jul 6, 2006	Iceland	11.54%	12.21%	hike +67 bp
Jul 6, 2006	North Macedonia	5.50%	5.60%	hike +10 bp
Jul 12, 2006	North Macedonia	5.60%	5.58%	cut -2 bp
Jul 14, 2006	Chile	5.00%	5.25%	hike +25 bp
Jul 14, 2006	Japan	0.00%	0.25%	hike +25 bp
Jul 19, 2006	North Macedonia	5.58%	5.53%	cut -5 bp
Jul 20, 2006	Brazil	15.25%	14.75%	cut -50 bp
Jul 21, 2006	Türkiye	17.25%	17.50%	hike +25 bp
Jul 25, 2006	Hungary	6.25%	6.75%	hike +50 bp
Jul 25, 2006	India	6.75%	7.00%	hike +25 bp
Jul 26, 2006	North Macedonia	5.53%	5.56%	hike +3 bp
Jul 27, 2006	Israel	5.25%	5.50%	hike +25 bp
Jul 27, 2006	Mexico	7.01%	7.02%	hike +1 bp
Jul 28, 2006	Czechia	2.00%	2.25%	hike +25 bp
Jul 28, 2006	Mexico	7.02%	7.01%	cut -1 bp
Jul 31, 2006	Mexico	7.01%	7.03%	hike +2 bp
Aug 1, 2006	Mexico	7.03%	7.01%	cut -2 bp
Aug 2, 2006	Australia	5.75%	6.00%	hike +25 bp
Aug 3, 2006	United Kingdom	4.50%	4.75%	hike +25 bp
Aug 3, 2006	North Macedonia	5.56%	5.47%	cut -9 bp
Aug 3, 2006	South Africa	7.50%	8.00%	hike +50 bp
Aug 4, 2006	Denmark	3.00%	3.25%	hike +25 bp
Aug 8, 2006	Indonesia	12.25%	11.75%	cut -50 bp
Aug 9, 2006	North Macedonia	5.47%	5.46%	cut -1 bp
Aug 9, 2006	Euro area	2.75%	3.00%	hike +25 bp
Aug 10, 2006	South Korea	4.25%	4.50%	hike +25 bp
Aug 10, 2006	Mexico	7.01%	7.02%	hike +1 bp
Aug 14, 2006	Mexico	7.02%	7.01%	cut -1 bp
Aug 16, 2006	Iceland	12.21%	12.65%	hike +44 bp
Aug 16, 2006	North Macedonia	5.46%	5.42%	cut -4 bp
Aug 17, 2006	Norway	2.75%	3.00%	hike +25 bp
Aug 19, 2006	China	5.85%	6.12%	hike +27 bp
Aug 21, 2006	Mexico	7.01%	7.02%	hike +1 bp
Aug 22, 2006	Colombia	6.50%	6.75%	hike +25 bp
Aug 23, 2006	North Macedonia	5.42%	5.75%	hike +33 bp
Aug 23, 2006	Mexico	7.02%	7.01%	cut -1 bp
Aug 28, 2006	Mexico	7.01%	7.02%	hike +1 bp
Aug 29, 2006	Hungary	6.75%	7.25%	hike +50 bp
Aug 29, 2006	Mexico	7.02%	7.01%	cut -1 bp
Aug 30, 2006	North Macedonia	5.75%	5.50%	cut -25 bp
Aug 31, 2006	Brazil	14.75%	14.25%	cut -50 bp
Aug 31, 2006	Mexico	7.01%	7.03%	hike +2 bp
Sep 1, 2006	Mexico	7.03%	7.02%	cut -1 bp
Sep 1, 2006	Serbia	8.50%	18.00%	hike +950 bp
Sep 5, 2006	Indonesia	11.75%	11.25%	cut -50 bp
Sep 5, 2006	Mexico	7.02%	7.07%	hike +5 bp
Sep 6, 2006	North Macedonia	5.50%	5.49%	cut -1 bp
Sep 6, 2006	Mexico	7.07%	7.03%	cut -4 bp
Sep 6, 2006	Sweden	2.25%	2.50%	hike +25 bp
Sep 8, 2006	Mexico	7.03%	7.02%	cut -1 bp
Sep 11, 2006	Mexico	7.02%	7.03%	hike +1 bp
Sep 12, 2006	Mexico	7.03%	7.05%	hike +2 bp
Sep 13, 2006	North Macedonia	5.49%	5.26%	cut -23 bp
Sep 13, 2006	Mexico	7.05%	7.06%	hike +1 bp
Sep 14, 2006	Switzerland	1.50%	1.75%	hike +25 bp
Sep 14, 2006	Iceland	12.65%	13.09%	hike +44 bp
Sep 14, 2006	Mexico	7.06%	7.02%	cut -4 bp
Sep 20, 2006	North Macedonia	5.26%	5.33%	hike +7 bp
Sep 25, 2006	Mexico	7.02%	7.01%	cut -1 bp
Sep 26, 2006	Hungary	7.25%	7.75%	hike +50 bp
Sep 27, 2006	North Macedonia	5.33%	5.34%	hike +1 bp
Sep 29, 2006	Czechia	2.25%	2.50%	hike +25 bp
Sep 29, 2006	Mexico	7.01%	7.05%	hike +4 bp
Oct 2, 2006	Colombia	6.75%	7.00%	hike +25 bp
Oct 2, 2006	Mexico	7.05%	7.01%	cut -4 bp
Oct 4, 2006	North Macedonia	5.34%	5.35%	hike +1 bp
Oct 5, 2006	Indonesia	11.25%	10.75%	cut -50 bp
Oct 6, 2006	Denmark	3.25%	3.50%	hike +25 bp
Oct 11, 2006	Mexico	7.01%	7.02%	hike +1 bp
Oct 11, 2006	Euro area	3.00%	3.25%	hike +25 bp
Oct 12, 2006	North Macedonia	5.35%	5.36%	hike +1 bp
Oct 13, 2006	Mexico	7.02%	7.01%	cut -1 bp
Oct 13, 2006	South Africa	8.00%	8.50%	hike +50 bp
Oct 18, 2006	North Macedonia	5.36%	5.53%	hike +17 bp
Oct 19, 2006	Brazil	14.25%	13.75%	cut -50 bp
Oct 23, 2006	Mexico	7.01%	7.02%	hike +1 bp
Oct 23, 2006	Russia	11.50%	11.00%	cut -50 bp
Oct 25, 2006	Hungary	7.75%	8.00%	hike +25 bp
Oct 25, 2006	North Macedonia	5.53%	5.72%	hike +19 bp
Oct 25, 2006	Mexico	7.02%	7.01%	cut -1 bp
Oct 26, 2006	Israel	5.50%	5.25%	cut -25 bp
Oct 30, 2006	Colombia	7.00%	7.25%	hike +25 bp
Oct 31, 2006	India	7.00%	7.25%	hike +25 bp
Oct 31, 2006	Mexico	7.01%	7.04%	hike +3 bp
Nov 1, 2006	North Macedonia	5.72%	5.55%	cut -17 bp
Nov 1, 2006	Mexico	7.04%	7.01%	cut -3 bp
Nov 1, 2006	Sweden	2.50%	2.75%	hike +25 bp
Nov 2, 2006	Norway	3.00%	3.25%	hike +25 bp
Nov 3, 2006	Serbia	18.00%	17.50%	cut -50 bp
Nov 7, 2006	Indonesia	10.75%	10.25%	cut -50 bp
Nov 8, 2006	Australia	6.00%	6.25%	hike +25 bp
Nov 8, 2006	North Macedonia	5.55%	5.63%	hike +8 bp
Nov 9, 2006	United Kingdom	4.75%	5.00%	hike +25 bp
Nov 10, 2006	Mexico	7.01%	7.02%	hike +1 bp
Nov 15, 2006	North Macedonia	5.63%	5.58%	cut -5 bp
Nov 15, 2006	Serbia	17.50%	16.50%	cut -100 bp
Nov 17, 2006	Mexico	7.02%	7.04%	hike +2 bp
Nov 21, 2006	Mexico	7.04%	7.03%	cut -1 bp
Nov 22, 2006	North Macedonia	5.58%	5.66%	hike +8 bp
Nov 22, 2006	Mexico	7.03%	7.02%	cut -1 bp
Nov 23, 2006	Mexico	7.02%	7.01%	cut -1 bp
Nov 29, 2006	North Macedonia	5.66%	5.81%	hike +15 bp
Nov 30, 2006	Brazil	13.75%	13.25%	cut -50 bp
Nov 30, 2006	Israel	5.25%	5.00%	cut -25 bp
Nov 30, 2006	Mexico	7.01%	7.05%	hike +4 bp
Dec 4, 2006	Mexico	7.05%	7.01%	cut -4 bp
Dec 5, 2006	Mexico	7.01%	7.03%	hike +2 bp
Dec 6, 2006	North Macedonia	5.81%	5.63%	cut -18 bp
Dec 6, 2006	Mexico	7.03%	7.02%	cut -1 bp
Dec 7, 2006	Indonesia	10.25%	9.75%	cut -50 bp
Dec 8, 2006	Denmark	3.50%	3.75%	hike +25 bp
Dec 8, 2006	Mexico	7.02%	7.01%	cut -1 bp
Dec 8, 2006	Serbia	16.50%	15.50%	cut -100 bp
Dec 8, 2006	South Africa	8.50%	9.00%	hike +50 bp
Dec 13, 2006	North Macedonia	5.63%	5.83%	hike +20 bp
Dec 13, 2006	Mexico	7.01%	7.14%	hike +13 bp
Dec 13, 2006	Euro area	3.25%	3.50%	hike +25 bp
Dec 14, 2006	Switzerland	1.75%	2.00%	hike +25 bp
Dec 14, 2006	Mexico	7.14%	7.25%	hike +11 bp
Dec 14, 2006	Norway	3.25%	3.50%	hike +25 bp
Dec 15, 2006	Mexico	7.25%	7.09%	cut -16 bp
Dec 18, 2006	Colombia	7.25%	7.50%	hike +25 bp
Dec 18, 2006	Mexico	7.09%	7.04%	cut -5 bp
Dec 20, 2006	North Macedonia	5.83%	5.71%	cut -12 bp
Dec 20, 2006	Sweden	2.75%	3.00%	hike +25 bp
Dec 21, 2006	Iceland	13.09%	13.30%	hike +21 bp
Dec 21, 2006	Mexico	7.04%	7.03%	cut -1 bp
Dec 22, 2006	Mexico	7.03%	7.04%	hike +1 bp
Dec 27, 2006	North Macedonia	5.71%	5.81%	hike +10 bp
Dec 27, 2006	Serbia	15.50%	14.00%	cut -150 bp
Dec 28, 2006	Israel	5.00%	4.50%	cut -50 bp
Dec 29, 2006	Mexico	7.04%	7.02%	cut -2 bp

Daily policy-rate data compiled by the BIS. Not investment advice.