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Policy rates worldwide in 2007: 147 hikes, 138 cuts

Areas38

Hikes147

Cuts138

Median at year end5.50%

Rate at year end

Türkiye15.75%

Iceland13.75%

Brazil11.25%

South Africa11%

Russia10%

Serbia10%

Colombia9.5%

New Zealand8.25%

Indonesia8%

India7.75%

Mexico7.57%

Romania7.5%

Hungary7.5%

China7.47%

Australia6.75%

Kuwait6.25%

Chile6%

Hong Kong5.75%

Saudi Arabia5.5%

United Kingdom5.5%

Philippines5.25%

Norway5.25%

Poland5%

Peru5%

South Korea5%

North Macedonia4.81%

United States4.25%

Israel4.25%

Denmark4.25%

Canada4.25%

Euro area4%

Sweden4%

Malaysia3.5%

Czechia3.5%

Thailand3.25%

Morocco3.25%

Switzerland2.75%

Japan0.5%

Number of changes

Mexico108

North Macedonia49

Colombia8

Serbia8

Indonesia7

Norway7

Israel7

Brazil6

China6

Chile5

Thailand5

Romania5

United Kingdom4

Sweden4

New Zealand4

Poland4

Czechia4

South Africa4

Philippines4

Australia4

Türkiye4

Switzerland3

United States3

Hong Kong3

Russia2

India2

Denmark2

Euro area2

Hungary2

Peru2

Canada2

South Korea2

Saudi Arabia1

Japan1

Iceland1

All changes

Date	Country / region	From	To	Change
Jan 2, 2007	Mexico	7.02%	7.04%	hike +2 bp
Jan 3, 2007	North Macedonia	5.81%	5.73%	cut -8 bp
Jan 3, 2007	Mexico	7.04%	7.03%	cut -1 bp
Jan 4, 2007	Indonesia	9.75%	9.50%	cut -25 bp
Jan 5, 2007	Mexico	7.03%	7.02%	cut -1 bp
Jan 8, 2007	Mexico	7.02%	7.01%	cut -1 bp
Jan 9, 2007	Mexico	7.01%	7.02%	hike +1 bp
Jan 10, 2007	North Macedonia	5.73%	5.84%	hike +11 bp
Jan 11, 2007	United Kingdom	5.00%	5.25%	hike +25 bp
Jan 12, 2007	Chile	5.25%	5.00%	cut -25 bp
Jan 17, 2007	North Macedonia	5.84%	5.80%	cut -4 bp
Jan 17, 2007	Thailand	5.00%	4.75%	cut -25 bp
Jan 24, 2007	North Macedonia	5.80%	5.81%	hike +1 bp
Jan 25, 2007	Brazil	13.25%	13.00%	cut -25 bp
Jan 25, 2007	Norway	3.50%	3.75%	hike +25 bp
Jan 29, 2007	Colombia	7.50%	7.75%	hike +25 bp
Jan 29, 2007	Russia	11.00%	10.50%	cut -50 bp
Jan 31, 2007	India	7.25%	7.50%	hike +25 bp
Jan 31, 2007	North Macedonia	5.81%	5.58%	cut -23 bp
Jan 31, 2007	Serbia	14.00%	13.00%	cut -100 bp
Feb 1, 2007	Israel	4.50%	4.25%	cut -25 bp
Feb 3, 2007	Saudi Arabia	5.20%	5.50%	hike +30 bp
Feb 6, 2007	Indonesia	9.50%	9.25%	cut -25 bp
Feb 7, 2007	North Macedonia	5.58%	5.72%	hike +14 bp
Feb 12, 2007	Romania	8.75%	8.00%	cut -75 bp
Feb 14, 2007	North Macedonia	5.72%	5.28%	cut -44 bp
Feb 21, 2007	Japan	0.25%	0.50%	hike +25 bp
Feb 21, 2007	North Macedonia	5.28%	5.36%	hike +8 bp
Feb 21, 2007	Sweden	3.00%	3.25%	hike +25 bp
Feb 26, 2007	Colombia	7.75%	8.00%	hike +25 bp
Feb 28, 2007	Mexico	7.02%	7.08%	hike +6 bp
Feb 28, 2007	Thailand	4.75%	4.50%	cut -25 bp
Mar 1, 2007	Israel	4.25%	4.00%	cut -25 bp
Mar 1, 2007	Mexico	7.08%	7.02%	cut -6 bp
Mar 2, 2007	Serbia	13.00%	11.50%	cut -150 bp
Mar 6, 2007	Indonesia	9.25%	9.00%	cut -25 bp
Mar 7, 2007	North Macedonia	5.36%	5.34%	cut -2 bp
Mar 8, 2007	Brazil	13.00%	12.75%	cut -25 bp
Mar 8, 2007	New Zealand	7.25%	7.50%	hike +25 bp
Mar 9, 2007	Denmark	3.75%	4.00%	hike +25 bp
Mar 14, 2007	North Macedonia	5.34%	5.37%	hike +3 bp
Mar 14, 2007	Mexico	7.02%	7.01%	cut -1 bp
Mar 14, 2007	Euro area	3.50%	3.75%	hike +25 bp
Mar 15, 2007	Switzerland	2.00%	2.25%	hike +25 bp
Mar 15, 2007	Mexico	7.01%	7.02%	hike +1 bp
Mar 16, 2007	Mexico	7.02%	7.04%	hike +2 bp
Mar 16, 2007	Norway	3.75%	4.00%	hike +25 bp
Mar 18, 2007	China	6.12%	6.39%	hike +27 bp
Mar 20, 2007	Mexico	7.04%	7.02%	cut -2 bp
Mar 21, 2007	North Macedonia	5.37%	5.34%	cut -3 bp
Mar 26, 2007	Colombia	8.00%	8.25%	hike +25 bp
Mar 27, 2007	Romania	8.00%	7.50%	cut -50 bp
Mar 28, 2007	North Macedonia	5.34%	5.25%	cut -9 bp
Mar 30, 2007	Mexico	7.02%	7.04%	hike +2 bp
Mar 30, 2007	Serbia	11.50%	10.50%	cut -100 bp
Mar 31, 2007	India	7.50%	7.75%	hike +25 bp
Apr 2, 2007	Mexico	7.04%	7.02%	cut -2 bp
Apr 4, 2007	North Macedonia	5.25%	5.19%	cut -6 bp
Apr 11, 2007	North Macedonia	5.19%	5.08%	cut -11 bp
Apr 11, 2007	Thailand	4.50%	4.00%	cut -50 bp
Apr 18, 2007	North Macedonia	5.08%	5.05%	cut -3 bp
Apr 19, 2007	Brazil	12.75%	12.50%	cut -25 bp
Apr 26, 2007	Israel	4.00%	3.75%	cut -25 bp
Apr 26, 2007	Mexico	7.02%	7.01%	cut -1 bp
Apr 26, 2007	New Zealand	7.50%	7.75%	hike +25 bp
Apr 26, 2007	Poland	4.00%	4.25%	hike +25 bp
Apr 27, 2007	Mexico	7.01%	7.25%	hike +24 bp
Apr 30, 2007	Mexico	7.25%	7.26%	hike +1 bp
May 2, 2007	Colombia	8.25%	8.50%	hike +25 bp
May 2, 2007	North Macedonia	5.05%	5.04%	cut -1 bp
May 3, 2007	Romania	7.50%	7.25%	cut -25 bp
May 4, 2007	Serbia	10.50%	10.00%	cut -50 bp
May 8, 2007	Indonesia	9.00%	8.75%	cut -25 bp
May 9, 2007	North Macedonia	5.04%	5.08%	hike +4 bp
May 10, 2007	United Kingdom	5.25%	5.50%	hike +25 bp
May 10, 2007	Mexico	7.26%	7.29%	hike +3 bp
May 11, 2007	Mexico	7.29%	7.26%	cut -3 bp
May 15, 2007	Mexico	7.26%	7.28%	hike +2 bp
May 16, 2007	North Macedonia	5.08%	5.07%	cut -1 bp
May 16, 2007	Mexico	7.28%	7.31%	hike +3 bp
May 17, 2007	Mexico	7.31%	7.30%	cut -1 bp
May 19, 2007	China	6.39%	6.57%	hike +18 bp
May 22, 2007	Colombia	8.50%	8.75%	hike +25 bp
May 23, 2007	Mexico	7.30%	7.29%	cut -1 bp
May 23, 2007	Thailand	4.00%	3.50%	cut -50 bp
May 24, 2007	Mexico	7.29%	7.28%	cut -1 bp
May 25, 2007	Mexico	7.28%	7.26%	cut -2 bp
May 28, 2007	Mexico	7.26%	7.25%	cut -1 bp
May 29, 2007	Mexico	7.25%	7.26%	hike +1 bp
May 30, 2007	North Macedonia	5.07%	5.00%	cut -7 bp
May 31, 2007	Israel	3.75%	3.50%	cut -25 bp
May 31, 2007	Mexico	7.26%	7.30%	hike +4 bp
May 31, 2007	Norway	4.00%	4.25%	hike +25 bp
Jun 1, 2007	Czechia	2.50%	2.75%	hike +25 bp
Jun 1, 2007	Mexico	7.30%	7.26%	cut -4 bp
Jun 1, 2007	Serbia	10.00%	9.50%	cut -50 bp
Jun 6, 2007	North Macedonia	5.00%	4.86%	cut -14 bp
Jun 6, 2007	Mexico	7.26%	7.27%	hike +1 bp
Jun 7, 2007	Denmark	4.00%	4.25%	hike +25 bp
Jun 7, 2007	Indonesia	8.75%	8.50%	cut -25 bp
Jun 7, 2007	New Zealand	7.75%	8.00%	hike +25 bp
Jun 8, 2007	Brazil	12.50%	12.00%	cut -50 bp
Jun 8, 2007	South Africa	9.00%	9.50%	hike +50 bp
Jun 12, 2007	Mexico	7.27%	7.28%	hike +1 bp
Jun 13, 2007	North Macedonia	4.86%	4.88%	hike +2 bp
Jun 13, 2007	Mexico	7.28%	7.27%	cut -1 bp
Jun 13, 2007	Euro area	3.75%	4.00%	hike +25 bp
Jun 14, 2007	Switzerland	2.25%	2.50%	hike +25 bp
Jun 19, 2007	Colombia	8.75%	9.00%	hike +25 bp
Jun 19, 2007	Mexico	7.27%	7.28%	hike +1 bp
Jun 19, 2007	Russia	10.50%	10.00%	cut -50 bp
Jun 20, 2007	North Macedonia	4.88%	4.86%	cut -2 bp
Jun 20, 2007	Mexico	7.28%	7.27%	cut -1 bp
Jun 22, 2007	Mexico	7.27%	7.26%	cut -1 bp
Jun 26, 2007	Hungary	8.00%	7.75%	cut -25 bp
Jun 26, 2007	Romania	7.25%	7.00%	cut -25 bp
Jun 27, 2007	North Macedonia	4.86%	4.98%	hike +12 bp
Jun 27, 2007	Mexico	7.26%	7.25%	cut -1 bp
Jun 27, 2007	Sweden	3.25%	3.50%	hike +25 bp
Jun 28, 2007	Mexico	7.25%	7.26%	hike +1 bp
Jun 28, 2007	Norway	4.25%	4.50%	hike +25 bp
Jun 28, 2007	Poland	4.25%	4.50%	hike +25 bp
Jun 29, 2007	Mexico	7.26%	7.30%	hike +4 bp
Jul 2, 2007	Mexico	7.30%	7.25%	cut -5 bp
Jul 3, 2007	Mexico	7.25%	7.27%	hike +2 bp
Jul 4, 2007	North Macedonia	4.98%	5.01%	hike +3 bp
Jul 4, 2007	Mexico	7.27%	7.26%	cut -1 bp
Jul 5, 2007	United Kingdom	5.50%	5.75%	hike +25 bp
Jul 5, 2007	Indonesia	8.50%	8.25%	cut -25 bp
Jul 5, 2007	Mexico	7.26%	7.27%	hike +1 bp
Jul 6, 2007	Mexico	7.27%	7.28%	hike +1 bp
Jul 6, 2007	Peru	4.50%	4.75%	hike +25 bp
Jul 9, 2007	Mexico	7.28%	7.27%	cut -1 bp
Jul 10, 2007	Canada	4.25%	4.50%	hike +25 bp
Jul 10, 2007	Mexico	7.27%	7.28%	hike +1 bp
Jul 11, 2007	North Macedonia	5.01%	5.12%	hike +11 bp
Jul 12, 2007	South Korea	4.50%	4.75%	hike +25 bp
Jul 13, 2007	Chile	5.00%	5.25%	hike +25 bp
Jul 13, 2007	Mexico	7.28%	7.27%	cut -1 bp
Jul 13, 2007	Philippines	7.50%	6.00%	cut -150 bp
Jul 16, 2007	Mexico	7.27%	7.26%	cut -1 bp
Jul 17, 2007	Mexico	7.26%	7.27%	hike +1 bp
Jul 18, 2007	North Macedonia	5.12%	5.18%	hike +6 bp
Jul 18, 2007	Thailand	3.50%	3.25%	cut -25 bp
Jul 19, 2007	Brazil	12.00%	11.50%	cut -50 bp
Jul 19, 2007	Mexico	7.27%	7.28%	hike +1 bp
Jul 20, 2007	Mexico	7.28%	7.27%	cut -1 bp
Jul 21, 2007	China	6.57%	6.84%	hike +27 bp
Jul 23, 2007	Mexico	7.27%	7.26%	cut -1 bp
Jul 24, 2007	Mexico	7.26%	7.25%	cut -1 bp
Jul 25, 2007	North Macedonia	5.18%	5.17%	cut -1 bp
Jul 26, 2007	Israel	3.50%	3.75%	hike +25 bp
Jul 26, 2007	New Zealand	8.00%	8.25%	hike +25 bp
Jul 27, 2007	Czechia	2.75%	3.00%	hike +25 bp
Jul 30, 2007	Colombia	9.00%	9.25%	hike +25 bp
Jul 30, 2007	Mexico	7.25%	7.26%	hike +1 bp
Jul 31, 2007	Mexico	7.26%	7.29%	hike +3 bp
Aug 1, 2007	North Macedonia	5.17%	5.10%	cut -7 bp
Aug 1, 2007	Mexico	7.29%	7.26%	cut -3 bp
Aug 6, 2007	Mexico	7.26%	7.28%	hike +2 bp
Aug 7, 2007	Mexico	7.28%	7.29%	hike +1 bp
Aug 8, 2007	Australia	6.25%	6.50%	hike +25 bp
Aug 8, 2007	North Macedonia	5.10%	5.11%	hike +1 bp
Aug 8, 2007	Mexico	7.29%	7.28%	cut -1 bp
Aug 9, 2007	South Korea	4.75%	5.00%	hike +25 bp
Aug 9, 2007	Mexico	7.28%	7.27%	cut -1 bp
Aug 10, 2007	Chile	5.25%	5.50%	hike +25 bp
Aug 13, 2007	Mexico	7.27%	7.26%	cut -1 bp
Aug 15, 2007	North Macedonia	5.11%	5.08%	cut -3 bp
Aug 15, 2007	Mexico	7.26%	7.25%	cut -1 bp
Aug 16, 2007	Mexico	7.25%	7.26%	hike +1 bp
Aug 16, 2007	Norway	4.50%	4.75%	hike +25 bp
Aug 17, 2007	Mexico	7.26%	7.25%	cut -1 bp
Aug 17, 2007	South Africa	9.50%	10.00%	hike +50 bp
Aug 20, 2007	Mexico	7.25%	7.26%	hike +1 bp
Aug 22, 2007	China	6.84%	7.02%	hike +18 bp
Aug 22, 2007	North Macedonia	5.08%	5.13%	hike +5 bp
Aug 23, 2007	Mexico	7.26%	7.25%	cut -1 bp
Aug 28, 2007	Serbia	9.50%	9.75%	hike +25 bp
Aug 29, 2007	North Macedonia	5.13%	5.11%	cut -2 bp
Aug 30, 2007	Israel	3.75%	4.00%	hike +25 bp
Aug 30, 2007	Mexico	7.25%	7.26%	hike +1 bp
Aug 30, 2007	Poland	4.50%	4.75%	hike +25 bp
Aug 31, 2007	Czechia	3.00%	3.25%	hike +25 bp
Aug 31, 2007	Mexico	7.26%	7.29%	hike +3 bp
Sep 3, 2007	Mexico	7.29%	7.25%	cut -4 bp
Sep 4, 2007	Mexico	7.25%	7.26%	hike +1 bp
Sep 5, 2007	North Macedonia	5.11%	4.99%	cut -12 bp
Sep 5, 2007	Mexico	7.26%	7.25%	cut -1 bp
Sep 6, 2007	Brazil	11.50%	11.25%	cut -25 bp
Sep 7, 2007	Peru	4.75%	5.00%	hike +25 bp
Sep 12, 2007	North Macedonia	4.99%	4.95%	cut -4 bp
Sep 12, 2007	Sweden	3.50%	3.75%	hike +25 bp
Sep 13, 2007	Switzerland	2.50%	2.75%	hike +25 bp
Sep 14, 2007	Chile	5.50%	5.75%	hike +25 bp
Sep 14, 2007	Mexico	7.25%	7.24%	cut -1 bp
Sep 14, 2007	Türkiye	17.50%	17.25%	cut -25 bp
Sep 15, 2007	China	7.02%	7.29%	hike +27 bp
Sep 17, 2007	Mexico	7.24%	7.25%	hike +1 bp
Sep 18, 2007	United States	5.25%	4.75%	cut -50 bp
Sep 19, 2007	Hong Kong	6.75%	6.25%	cut -50 bp
Sep 19, 2007	North Macedonia	4.95%	4.72%	cut -23 bp
Sep 20, 2007	Mexico	7.25%	7.24%	cut -1 bp
Sep 21, 2007	Mexico	7.24%	7.23%	cut -1 bp
Sep 24, 2007	Mexico	7.23%	7.17%	cut -6 bp
Sep 25, 2007	Hungary	7.75%	7.50%	cut -25 bp
Sep 25, 2007	Mexico	7.17%	7.16%	cut -1 bp
Sep 26, 2007	North Macedonia	4.72%	4.68%	cut -4 bp
Sep 26, 2007	Mexico	7.16%	7.19%	hike +3 bp
Sep 27, 2007	Mexico	7.19%	7.25%	hike +6 bp
Sep 27, 2007	Norway	4.75%	5.00%	hike +25 bp
Sep 28, 2007	Mexico	7.25%	7.28%	hike +3 bp
Oct 1, 2007	Mexico	7.28%	7.25%	cut -3 bp
Oct 3, 2007	North Macedonia	4.68%	4.59%	cut -9 bp
Oct 5, 2007	Philippines	6.00%	5.75%	cut -25 bp
Oct 8, 2007	Mexico	7.25%	7.24%	cut -1 bp
Oct 9, 2007	Mexico	7.24%	7.23%	cut -1 bp
Oct 10, 2007	North Macedonia	4.59%	4.80%	hike +21 bp
Oct 11, 2007	Mexico	7.23%	7.25%	hike +2 bp
Oct 12, 2007	South Africa	10.00%	10.50%	hike +50 bp
Oct 15, 2007	Mexico	7.25%	7.26%	hike +1 bp
Oct 17, 2007	North Macedonia	4.80%	4.87%	hike +7 bp
Oct 17, 2007	Türkiye	17.25%	16.75%	cut -50 bp
Oct 22, 2007	Australia	6.50%	6.500%	cut 0 bp
Oct 22, 2007	Mexico	7.26%	7.25%	cut -1 bp
Oct 23, 2007	Australia	6.500%	6.50%	cut 0 bp
Oct 23, 2007	Mexico	7.25%	7.26%	hike +1 bp
Oct 24, 2007	North Macedonia	4.87%	4.86%	cut -1 bp
Oct 24, 2007	Mexico	7.26%	7.25%	cut -1 bp
Oct 25, 2007	Mexico	7.25%	7.23%	cut -2 bp
Oct 26, 2007	Mexico	7.23%	7.45%	hike +22 bp
Oct 29, 2007	Mexico	7.45%	7.43%	cut -2 bp
Oct 29, 2007	Serbia	9.75%	9.50%	cut -25 bp
Oct 30, 2007	Mexico	7.43%	7.46%	hike +3 bp
Oct 31, 2007	North Macedonia	4.86%	4.78%	cut -8 bp
Oct 31, 2007	Mexico	7.46%	7.49%	hike +3 bp
Oct 31, 2007	Sweden	3.75%	4.00%	hike +25 bp
Oct 31, 2007	United States	4.75%	4.50%	cut -25 bp
Nov 1, 2007	Hong Kong	6.25%	6.00%	cut -25 bp
Nov 1, 2007	Iceland	13.30%	13.75%	hike +45 bp
Nov 1, 2007	Mexico	7.49%	7.48%	cut -1 bp
Nov 1, 2007	Romania	7.00%	7.50%	hike +50 bp
Nov 5, 2007	Mexico	7.48%	7.47%	cut -1 bp
Nov 7, 2007	Australia	6.50%	6.75%	hike +25 bp
Nov 7, 2007	North Macedonia	4.78%	4.65%	cut -13 bp
Nov 7, 2007	Mexico	7.47%	7.50%	hike +3 bp
Nov 9, 2007	Mexico	7.50%	7.51%	hike +1 bp
Nov 13, 2007	Mexico	7.51%	7.52%	hike +1 bp
Nov 14, 2007	North Macedonia	4.65%	4.51%	cut -14 bp
Nov 15, 2007	Türkiye	16.75%	16.25%	cut -50 bp
Nov 16, 2007	Philippines	5.75%	5.50%	cut -25 bp
Nov 21, 2007	North Macedonia	4.51%	4.72%	hike +21 bp
Nov 21, 2007	Mexico	7.52%	7.51%	cut -1 bp
Nov 22, 2007	Mexico	7.51%	7.52%	hike +1 bp
Nov 23, 2007	Mexico	7.52%	7.50%	cut -2 bp
Nov 26, 2007	Colombia	9.25%	9.50%	hike +25 bp
Nov 28, 2007	North Macedonia	4.72%	4.74%	hike +2 bp
Nov 29, 2007	Mexico	7.50%	7.49%	cut -1 bp
Nov 29, 2007	Poland	4.75%	5.00%	hike +25 bp
Nov 30, 2007	Czechia	3.25%	3.50%	hike +25 bp
Nov 30, 2007	Mexico	7.49%	7.51%	hike +2 bp
Dec 3, 2007	Mexico	7.51%	7.50%	cut -1 bp
Dec 4, 2007	Canada	4.50%	4.25%	cut -25 bp
Dec 5, 2007	North Macedonia	4.74%	4.72%	cut -2 bp
Dec 6, 2007	United Kingdom	5.75%	5.50%	cut -25 bp
Dec 6, 2007	Indonesia	8.25%	8.00%	cut -25 bp
Dec 6, 2007	Mexico	7.50%	7.51%	hike +1 bp
Dec 7, 2007	Mexico	7.51%	7.50%	cut -1 bp
Dec 7, 2007	South Africa	10.50%	11.00%	hike +50 bp
Dec 10, 2007	Mexico	7.50%	7.51%	hike +1 bp
Dec 11, 2007	United States	4.50%	4.25%	cut -25 bp
Dec 12, 2007	Hong Kong	6.00%	5.75%	cut -25 bp
Dec 12, 2007	North Macedonia	4.72%	4.76%	hike +4 bp
Dec 13, 2007	Norway	5.00%	5.25%	hike +25 bp
Dec 14, 2007	Chile	5.75%	6.00%	hike +25 bp
Dec 14, 2007	Türkiye	16.25%	15.75%	cut -50 bp
Dec 17, 2007	Mexico	7.51%	7.52%	hike +1 bp
Dec 19, 2007	North Macedonia	4.76%	4.77%	hike +1 bp
Dec 21, 2007	China	7.29%	7.47%	hike +18 bp
Dec 21, 2007	Philippines	5.50%	5.25%	cut -25 bp
Dec 24, 2007	Mexico	7.52%	7.53%	hike +1 bp
Dec 26, 2007	North Macedonia	4.77%	4.81%	hike +4 bp
Dec 27, 2007	Israel	4.00%	4.25%	hike +25 bp
Dec 27, 2007	Serbia	9.50%	10.00%	hike +50 bp
Dec 31, 2007	Mexico	7.53%	7.57%	hike +4 bp

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