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Policy rates worldwide in 2016: 22 hikes, 36 cuts

Areas38
Hikes22
Cuts36
Median at year end1.875%

Rate at year end

Number of changes

All changes

DateCountry / regionFromToChange
Jan 8, 2016Denmark-0.75%-0.65%hike +10 bp
Jan 14, 2016Indonesia7.50%7.25%cut -25 bp
Jan 15, 2016Peru3.75%4.00%hike +25 bp
Jan 29, 2016South Africa6.25%6.75%hike +50 bp
Feb 1, 2016Colombia5.75%6.00%hike +25 bp
Feb 11, 2016Serbia4.50%4.25%cut -25 bp
Feb 12, 2016Peru4.00%4.25%hike +25 bp
Feb 17, 2016Mexico3.25%3.75%hike +50 bp
Feb 17, 2016Sweden-0.35%-0.50%cut -15 bp
Feb 18, 2016Indonesia7.25%7.00%cut -25 bp
Feb 22, 2016Colombia6.00%6.25%hike +25 bp
Mar 10, 2016New Zealand2.50%2.25%cut -25 bp
Mar 16, 2016Euro area0.05%0.00%cut -5 bp
Mar 17, 2016Indonesia7.00%6.75%cut -25 bp
Mar 18, 2016Norway0.75%0.50%cut -25 bp
Mar 18, 2016South Africa6.75%7.00%hike +25 bp
Mar 22, 2016Colombia6.25%6.50%hike +25 bp
Mar 22, 2016Morocco2.50%2.25%cut -25 bp
Mar 23, 2016Hungary1.35%1.20%cut -15 bp
Apr 5, 2016India6.75%6.50%cut -25 bp
Apr 27, 2016Hungary1.20%1.05%cut -15 bp
May 2, 2016Colombia6.50%7.00%hike +50 bp
May 4, 2016Australia2.00%1.75%cut -25 bp
May 11, 2016North Macedonia3.25%4.00%hike +75 bp
May 25, 2016Hungary1.05%0.90%cut -15 bp
May 31, 2016Colombia7.00%7.25%hike +25 bp
Jun 3, 2016Philippines4.00%3.00%cut -100 bp
Jun 9, 2016South Korea1.50%1.25%cut -25 bp
Jun 14, 2016Russia11.00%10.50%cut -50 bp
Jun 16, 2016Indonesia6.75%6.50%cut -25 bp
Jun 23, 2016Colombia7.25%7.50%hike +25 bp
Jun 30, 2016Mexico3.75%4.25%hike +50 bp
Jul 7, 2016Serbia4.25%4.00%cut -25 bp
Jul 13, 2016Malaysia3.25%3.00%cut -25 bp
Aug 1, 2016Colombia7.50%7.75%hike +25 bp
Aug 3, 2016Australia1.75%1.50%cut -25 bp
Aug 4, 2016United Kingdom0.50%0.25%cut -25 bp
Aug 11, 2016New Zealand2.25%2.00%cut -25 bp
Aug 19, 2016Indonesia6.50%5.25%cut -125 bp
Aug 24, 2016Iceland5.75%5.25%cut -50 bp
Sep 19, 2016Russia10.50%10.00%cut -50 bp
Sep 21, 2016Japan0.05%-0.10%cut -15 bp
Sep 22, 2016Indonesia5.25%5.00%cut -25 bp
Sep 29, 2016Mexico4.25%4.75%hike +50 bp
Oct 4, 2016India6.50%6.25%cut -25 bp
Oct 20, 2016Brazil14.25%14.00%cut -25 bp
Oct 20, 2016Indonesia5.00%4.75%cut -25 bp
Nov 10, 2016New Zealand2.00%1.75%cut -25 bp
Nov 17, 2016Mexico4.75%5.25%hike +50 bp
Nov 25, 2016Türkiye7.50%8.00%hike +50 bp
Dec 1, 2016Brazil14.00%13.75%cut -25 bp
Dec 14, 2016Iceland5.25%5.00%cut -25 bp
Dec 14, 2016North Macedonia4.00%3.75%cut -25 bp
Dec 15, 2016Hong Kong0.75%1.00%hike +25 bp
Dec 15, 2016Kuwait2.25%2.50%hike +25 bp
Dec 15, 2016Mexico5.25%5.75%hike +50 bp
Dec 15, 2016United States0.375%0.625%hike +25 bp
Dec 19, 2016Colombia7.75%7.50%cut -25 bp

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