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Policy rates worldwide in 2017: 18 hikes, 42 cuts

Areas38

Hikes18

Cuts42

Median at year end1.875%

Rate at year end

Türkiye8%

Russia7.75%

Mexico7.25%

Brazil7%

South Africa6.75%

India6%

Colombia4.75%

China4.35%

Iceland4.25%

Indonesia4.25%

Serbia3.5%

Peru3.25%

North Macedonia3.25%

Philippines3%

Malaysia3%

Kuwait2.75%

Chile2.5%

Morocco2.25%

Saudi Arabia2%

Romania1.75%

New Zealand1.75%

Hong Kong1.75%

Thailand1.5%

Poland1.5%

South Korea1.5%

Australia1.5%

United States1.375%

Canada1%

Hungary0.9%

Norway0.5%

United Kingdom0.5%

Czechia0.5%

Israel0.1%

Euro area0%

Japan-0.1%

Sweden-0.5%

Denmark-0.65%

Switzerland-0.75%

Number of changes

Colombia9

Brazil8

Russia6

Mexico5

Chile4

Peru4

Hong Kong3

United States3

Iceland3

North Macedonia2

Canada2

Czechia2

Indonesia2

Serbia2

Kuwait1

South Africa1

India1

United Kingdom1

South Korea1

All changes

Date	Country / region	From	To	Change
Jan 11, 2017	North Macedonia	3.75%	3.50%	cut -25 bp
Jan 12, 2017	Brazil	13.75%	13.00%	cut -75 bp
Jan 20, 2017	Chile	3.50%	3.25%	cut -25 bp
Feb 9, 2017	Mexico	5.75%	6.25%	hike +50 bp
Feb 15, 2017	North Macedonia	3.50%	3.25%	cut -25 bp
Feb 23, 2017	Brazil	13.00%	12.25%	cut -75 bp
Feb 27, 2017	Colombia	7.50%	7.25%	cut -25 bp
Mar 16, 2017	Hong Kong	1.00%	1.25%	hike +25 bp
Mar 16, 2017	Kuwait	2.50%	2.75%	hike +25 bp
Mar 16, 2017	United States	0.625%	0.875%	hike +25 bp
Mar 17, 2017	Chile	3.25%	3.00%	cut -25 bp
Mar 27, 2017	Colombia	7.25%	7.00%	cut -25 bp
Mar 27, 2017	Russia	10.00%	9.75%	cut -25 bp
Mar 30, 2017	Mexico	6.25%	6.50%	hike +25 bp
Apr 13, 2017	Brazil	12.25%	11.25%	cut -100 bp
Apr 17, 2017	Chile	3.00%	2.75%	cut -25 bp
May 2, 2017	Colombia	7.00%	6.50%	cut -50 bp
May 3, 2017	Russia	9.75%	9.25%	cut -50 bp
May 12, 2017	Peru	4.25%	4.00%	cut -25 bp
May 17, 2017	Iceland	5.00%	4.75%	cut -25 bp
May 18, 2017	Mexico	6.50%	6.75%	hike +25 bp
May 19, 2017	Chile	2.75%	2.50%	cut -25 bp
May 30, 2017	Colombia	6.50%	6.25%	cut -25 bp
Jun 1, 2017	Brazil	11.25%	10.25%	cut -100 bp
Jun 14, 2017	Iceland	4.75%	4.50%	cut -25 bp
Jun 15, 2017	Hong Kong	1.25%	1.50%	hike +25 bp
Jun 15, 2017	United States	0.875%	1.125%	hike +25 bp
Jun 19, 2017	Russia	9.25%	9.00%	cut -25 bp
Jun 22, 2017	Mexico	6.75%	7.00%	hike +25 bp
Jul 4, 2017	Colombia	6.25%	5.75%	cut -50 bp
Jul 12, 2017	Canada	0.50%	0.75%	hike +25 bp
Jul 14, 2017	Peru	4.00%	3.75%	cut -25 bp
Jul 21, 2017	South Africa	7.00%	6.75%	cut -25 bp
Jul 27, 2017	Brazil	10.25%	9.25%	cut -100 bp
Jul 28, 2017	Colombia	5.75%	5.50%	cut -25 bp
Aug 2, 2017	India	6.25%	6.00%	cut -25 bp
Aug 4, 2017	Czechia	0.05%	0.25%	hike +20 bp
Aug 22, 2017	Indonesia	4.75%	4.50%	cut -25 bp
Sep 1, 2017	Colombia	5.50%	5.25%	cut -25 bp
Sep 6, 2017	Canada	0.75%	1.00%	hike +25 bp
Sep 7, 2017	Serbia	4.00%	3.75%	cut -25 bp
Sep 8, 2017	Brazil	9.25%	8.25%	cut -100 bp
Sep 14, 2017	Peru	3.75%	3.50%	cut -25 bp
Sep 20, 2017	Russia	9.00%	8.50%	cut -50 bp
Sep 22, 2017	Indonesia	4.50%	4.25%	cut -25 bp
Oct 4, 2017	Iceland	4.50%	4.25%	cut -25 bp
Oct 9, 2017	Serbia	3.75%	3.50%	cut -25 bp
Oct 26, 2017	Brazil	8.25%	7.50%	cut -75 bp
Oct 27, 2017	Russia	8.50%	8.25%	cut -25 bp
Oct 30, 2017	Colombia	5.25%	5.00%	cut -25 bp
Nov 2, 2017	United Kingdom	0.25%	0.50%	hike +25 bp
Nov 3, 2017	Czechia	0.25%	0.50%	hike +25 bp
Nov 10, 2017	Peru	3.50%	3.25%	cut -25 bp
Nov 27, 2017	Colombia	5.00%	4.75%	cut -25 bp
Nov 30, 2017	South Korea	1.25%	1.50%	hike +25 bp
Dec 7, 2017	Brazil	7.50%	7.00%	cut -50 bp
Dec 14, 2017	Hong Kong	1.50%	1.75%	hike +25 bp
Dec 14, 2017	Mexico	7.00%	7.25%	hike +25 bp
Dec 14, 2017	United States	1.125%	1.375%	hike +25 bp
Dec 18, 2017	Russia	8.25%	7.75%	cut -50 bp

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