Home › By year

Policy rates worldwide in 2018: 55 hikes, 14 cuts

Areas38

Hikes55

Cuts14

Median at year end2.50%

Rate at year end

Türkiye24%

Mexico8.25%

Russia7.75%

South Africa6.75%

India6.5%

Brazil6.5%

Indonesia6%

Philippines4.75%

Iceland4.5%

China4.35%

Colombia4.25%

Malaysia3.25%

Saudi Arabia3%

Serbia3%

Kuwait3%

Peru2.75%

Hong Kong2.75%

Chile2.75%

Romania2.5%

North Macedonia2.5%

United States2.375%

Morocco2.25%

Thailand1.75%

New Zealand1.75%

South Korea1.75%

Czechia1.75%

Canada1.75%

Poland1.5%

Australia1.5%

Hungary0.9%

Norway0.75%

United Kingdom0.75%

Israel0.25%

Euro area0%

Japan-0.1%

Sweden-0.5%

Denmark-0.65%

Switzerland-0.75%

Number of changes

Indonesia6

Czechia5

Philippines5

Mexico4

Russia4

Saudi Arabia4

Hong Kong4

United States4

Romania3

Canada3

North Macedonia3

Türkiye3

Peru2

Colombia2

Brazil2

Serbia2

South Africa2

India2

Malaysia1

Kuwait1

United Kingdom1

Norway1

Chile1

Iceland1

Israel1

South Korea1

Thailand1

All changes

Date	Country / region	From	To	Change
Jan 9, 2018	Romania	1.75%	2.00%	hike +25 bp
Jan 12, 2018	Peru	3.25%	3.00%	cut -25 bp
Jan 17, 2018	Canada	1.00%	1.25%	hike +25 bp
Jan 25, 2018	Malaysia	3.00%	3.25%	hike +25 bp
Jan 30, 2018	Colombia	4.75%	4.50%	cut -25 bp
Feb 2, 2018	Czechia	0.50%	0.75%	hike +25 bp
Feb 8, 2018	Brazil	7.00%	6.75%	cut -25 bp
Feb 8, 2018	Mexico	7.25%	7.50%	hike +25 bp
Feb 8, 2018	Romania	2.00%	2.25%	hike +25 bp
Feb 12, 2018	Russia	7.75%	7.50%	cut -25 bp
Mar 9, 2018	Peru	3.00%	2.75%	cut -25 bp
Mar 14, 2018	Serbia	3.50%	3.25%	cut -25 bp
Mar 15, 2018	North Macedonia	3.25%	3.00%	cut -25 bp
Mar 15, 2018	Saudi Arabia	2.00%	2.25%	hike +25 bp
Mar 22, 2018	Brazil	6.75%	6.50%	cut -25 bp
Mar 22, 2018	Hong Kong	1.75%	2.00%	hike +25 bp
Mar 22, 2018	Kuwait	2.75%	3.00%	hike +25 bp
Mar 22, 2018	United States	1.375%	1.625%	hike +25 bp
Mar 27, 2018	Russia	7.50%	7.25%	cut -25 bp
Mar 29, 2018	South Africa	6.75%	6.50%	cut -25 bp
Apr 12, 2018	Serbia	3.25%	3.00%	cut -25 bp
Apr 30, 2018	Colombia	4.50%	4.25%	cut -25 bp
May 8, 2018	Romania	2.25%	2.50%	hike +25 bp
May 10, 2018	Philippines	3.00%	3.25%	hike +25 bp
May 17, 2018	Indonesia	4.25%	4.50%	hike +25 bp
May 30, 2018	Indonesia	4.50%	4.75%	hike +25 bp
Jun 1, 2018	Türkiye	8.00%	16.50%	hike +850 bp
Jun 6, 2018	India	6.00%	6.25%	hike +25 bp
Jun 8, 2018	Türkiye	16.50%	17.75%	hike +125 bp
Jun 13, 2018	Saudi Arabia	2.25%	2.50%	hike +25 bp
Jun 14, 2018	Hong Kong	2.00%	2.25%	hike +25 bp
Jun 14, 2018	United States	1.625%	1.875%	hike +25 bp
Jun 21, 2018	Mexico	7.50%	7.75%	hike +25 bp
Jun 21, 2018	Philippines	3.25%	3.50%	hike +25 bp
Jun 28, 2018	Czechia	0.75%	1.00%	hike +25 bp
Jun 29, 2018	Indonesia	4.75%	5.25%	hike +50 bp
Jul 11, 2018	Canada	1.25%	1.50%	hike +25 bp
Aug 1, 2018	India	6.25%	6.50%	hike +25 bp
Aug 2, 2018	United Kingdom	0.50%	0.75%	hike +25 bp
Aug 3, 2018	Czechia	1.00%	1.25%	hike +25 bp
Aug 10, 2018	Philippines	3.50%	4.00%	hike +50 bp
Aug 15, 2018	Indonesia	5.25%	5.50%	hike +25 bp
Aug 15, 2018	North Macedonia	3.00%	2.75%	cut -25 bp
Sep 14, 2018	Türkiye	17.75%	24.00%	hike +625 bp
Sep 17, 2018	Russia	7.25%	7.50%	hike +25 bp
Sep 21, 2018	Norway	0.50%	0.75%	hike +25 bp
Sep 26, 2018	Saudi Arabia	2.50%	2.75%	hike +25 bp
Sep 27, 2018	Czechia	1.25%	1.50%	hike +25 bp
Sep 27, 2018	Hong Kong	2.25%	2.50%	hike +25 bp
Sep 27, 2018	Indonesia	5.50%	5.75%	hike +25 bp
Sep 27, 2018	United States	1.875%	2.125%	hike +25 bp
Sep 28, 2018	Philippines	4.00%	4.50%	hike +50 bp
Oct 19, 2018	Chile	2.50%	2.75%	hike +25 bp
Oct 24, 2018	Canada	1.50%	1.75%	hike +25 bp
Nov 2, 2018	Czechia	1.50%	1.75%	hike +25 bp
Nov 7, 2018	Iceland	4.25%	4.50%	hike +25 bp
Nov 15, 2018	Indonesia	5.75%	6.00%	hike +25 bp
Nov 15, 2018	Mexico	7.75%	8.00%	hike +25 bp
Nov 16, 2018	Philippines	4.50%	4.75%	hike +25 bp
Nov 23, 2018	South Africa	6.50%	6.75%	hike +25 bp
Nov 29, 2018	Israel	0.10%	0.25%	hike +15 bp
Nov 30, 2018	South Korea	1.50%	1.75%	hike +25 bp
Dec 12, 2018	North Macedonia	2.75%	2.50%	cut -25 bp
Dec 17, 2018	Russia	7.50%	7.75%	hike +25 bp
Dec 19, 2018	Saudi Arabia	2.75%	3.00%	hike +25 bp
Dec 19, 2018	Thailand	1.50%	1.75%	hike +25 bp
Dec 20, 2018	Hong Kong	2.50%	2.75%	hike +25 bp
Dec 20, 2018	Mexico	8.00%	8.25%	hike +25 bp
Dec 20, 2018	United States	2.125%	2.375%	hike +25 bp

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