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Policy rates worldwide in 2020: 26 hikes, 138 cuts

Areas38

Hikes26

Cuts138

Median at year end0.55%

Rate at year end

Türkiye17%

Russia4.25%

Mexico4.25%

India4%

China3.85%

Indonesia3.75%

South Africa3.5%

Philippines2%

Brazil2%

Malaysia1.75%

Colombia1.75%

Romania1.5%

North Macedonia1.5%

Morocco1.5%

Kuwait1.5%

Saudi Arabia1%

Serbia1%

Iceland0.75%

Hungary0.6%

Thailand0.5%

South Korea0.5%

Hong Kong0.5%

Chile0.5%

Peru0.25%

New Zealand0.25%

Czechia0.25%

Canada0.25%

United States0.125%

Poland0.1%

Israel0.1%

United Kingdom0.1%

Australia0.1%

Euro area0%

Sweden0%

Norway0%

Japan-0.1%

Denmark-0.6%

Switzerland-0.75%

Number of changes

Hong Kong52

Türkiye8

Mexico7

Colombia7

South Africa5

Iceland5

Thailand5

Brazil5

Philippines5

Indonesia5

Malaysia4

Czechia4

Russia4

Serbia4

North Macedonia3

Australia3

Canada3

Norway3

Poland3

Romania3

China2

Saudi Arabia2

Kuwait2

United States2

United Kingdom2

Chile2

South Korea2

Morocco2

Peru2

India2

Hungary2

Sweden1

New Zealand1

Denmark1

Israel1

All changes

Date	Country / region	From	To	Change
Jan 2, 2020	Hong Kong	2.49%	2.73%	hike +24 bp
Jan 3, 2020	Hong Kong	2.73%	2.68%	cut -5 bp
Jan 6, 2020	Hong Kong	2.68%	2.55%	cut -13 bp
Jan 7, 2020	Hong Kong	2.55%	2.41%	cut -14 bp
Jan 8, 2020	Hong Kong	2.41%	2.28%	cut -13 bp
Jan 8, 2020	Sweden	-0.25%	0.00%	hike +25 bp
Jan 9, 2020	Hong Kong	2.28%	2.00%	cut -28 bp
Jan 15, 2020	North Macedonia	2.25%	2.00%	cut -25 bp
Jan 17, 2020	Türkiye	12.00%	11.25%	cut -75 bp
Jan 17, 2020	South Africa	6.50%	6.25%	cut -25 bp
Jan 22, 2020	Malaysia	3.00%	2.75%	cut -25 bp
Feb 5, 2020	Iceland	3.00%	2.75%	cut -25 bp
Feb 5, 2020	Thailand	1.25%	1.00%	cut -25 bp
Feb 6, 2020	Brazil	4.50%	4.25%	cut -25 bp
Feb 7, 2020	Czechia	2.00%	2.25%	hike +25 bp
Feb 7, 2020	Philippines	4.00%	3.75%	cut -25 bp
Feb 10, 2020	Russia	6.25%	6.00%	cut -25 bp
Feb 13, 2020	Mexico	7.25%	7.00%	cut -25 bp
Feb 20, 2020	China	4.15%	4.05%	cut -10 bp
Feb 20, 2020	Indonesia	5.00%	4.75%	cut -25 bp
Feb 20, 2020	Türkiye	11.25%	10.75%	cut -50 bp
Mar 3, 2020	Malaysia	2.75%	2.50%	cut -25 bp
Mar 3, 2020	Saudi Arabia	2.25%	1.75%	cut -50 bp
Mar 4, 2020	Australia	0.75%	0.50%	cut -25 bp
Mar 4, 2020	Canada	1.75%	1.25%	cut -50 bp
Mar 4, 2020	Hong Kong	2.00%	1.50%	cut -50 bp
Mar 4, 2020	Kuwait	2.75%	2.50%	cut -25 bp
Mar 4, 2020	United States	1.625%	1.125%	cut -50 bp
Mar 11, 2020	United Kingdom	0.75%	0.25%	cut -50 bp
Mar 11, 2020	Iceland	2.75%	2.25%	cut -50 bp
Mar 12, 2020	Serbia	2.25%	1.75%	cut -50 bp
Mar 16, 2020	Canada	1.25%	0.75%	cut -50 bp
Mar 16, 2020	Hong Kong	1.50%	0.86%	cut -64 bp
Mar 16, 2020	North Macedonia	2.00%	1.75%	cut -25 bp
Mar 16, 2020	Norway	1.50%	1.00%	cut -50 bp
Mar 16, 2020	Saudi Arabia	1.75%	1.00%	cut -75 bp
Mar 16, 2020	United States	1.125%	0.125%	cut -100 bp
Mar 17, 2020	Chile	1.75%	1.00%	cut -75 bp
Mar 17, 2020	Czechia	2.25%	1.75%	cut -50 bp
Mar 17, 2020	Hong Kong	0.86%	0.91%	hike +5 bp
Mar 17, 2020	South Korea	1.25%	0.75%	cut -50 bp
Mar 17, 2020	Kuwait	2.50%	1.50%	cut -100 bp
Mar 17, 2020	Morocco	2.25%	2.00%	cut -25 bp
Mar 17, 2020	New Zealand	1.00%	0.25%	cut -75 bp
Mar 18, 2020	Hong Kong	0.91%	0.98%	hike +7 bp
Mar 18, 2020	Iceland	2.25%	1.75%	cut -50 bp
Mar 18, 2020	Poland	1.50%	1.00%	cut -50 bp
Mar 18, 2020	Türkiye	10.75%	9.75%	cut -100 bp
Mar 19, 2020	Brazil	4.25%	3.75%	cut -50 bp
Mar 19, 2020	United Kingdom	0.25%	0.10%	cut -15 bp
Mar 19, 2020	Hong Kong	0.98%	1.08%	hike +10 bp
Mar 19, 2020	Indonesia	4.75%	4.50%	cut -25 bp
Mar 20, 2020	Australia	0.50%	0.25%	cut -25 bp
Mar 20, 2020	Denmark	-0.75%	-0.60%	hike +15 bp
Mar 20, 2020	Hong Kong	1.08%	1.19%	hike +11 bp
Mar 20, 2020	Mexico	7.00%	6.50%	cut -50 bp
Mar 20, 2020	Peru	2.25%	1.25%	cut -100 bp
Mar 20, 2020	Philippines	3.75%	3.25%	cut -50 bp
Mar 20, 2020	South Africa	6.25%	5.25%	cut -100 bp
Mar 23, 2020	Hong Kong	1.19%	1.26%	hike +7 bp
Mar 23, 2020	Norway	1.00%	0.25%	cut -75 bp
Mar 23, 2020	Romania	2.50%	2.00%	cut -50 bp
Mar 23, 2020	Thailand	1.00%	0.75%	cut -25 bp
Mar 24, 2020	Hong Kong	1.26%	1.29%	hike +3 bp
Mar 25, 2020	Hong Kong	1.29%	1.33%	hike +4 bp
Mar 26, 2020	Hong Kong	1.33%	1.39%	hike +6 bp
Mar 27, 2020	Canada	0.75%	0.25%	cut -50 bp
Mar 27, 2020	Czechia	1.75%	1.00%	cut -75 bp
Mar 27, 2020	Hong Kong	1.39%	1.46%	hike +7 bp
Mar 27, 2020	India	5.15%	4.40%	cut -75 bp
Mar 30, 2020	Colombia	4.25%	3.75%	cut -50 bp
Mar 30, 2020	Hong Kong	1.46%	1.57%	hike +11 bp
Mar 31, 2020	Hong Kong	1.57%	1.65%	hike +8 bp
Apr 1, 2020	Chile	1.00%	0.50%	cut -50 bp
Apr 1, 2020	Hong Kong	1.65%	1.72%	hike +7 bp
Apr 2, 2020	Hong Kong	1.72%	1.63%	cut -9 bp
Apr 3, 2020	Hong Kong	1.63%	1.56%	cut -7 bp
Apr 6, 2020	Hong Kong	1.56%	1.48%	cut -8 bp
Apr 7, 2020	Hong Kong	1.48%	1.40%	cut -8 bp
Apr 8, 2020	Hong Kong	1.40%	1.29%	cut -11 bp
Apr 9, 2020	Poland	1.00%	0.50%	cut -50 bp
Apr 9, 2020	Serbia	1.75%	1.50%	cut -25 bp
Apr 10, 2020	Israel	0.25%	0.10%	cut -15 bp
Apr 13, 2020	Peru	1.25%	0.25%	cut -100 bp
Apr 14, 2020	Hong Kong	1.29%	1.26%	cut -3 bp
Apr 15, 2020	Hong Kong	1.26%	1.23%	cut -3 bp
Apr 15, 2020	South Africa	5.25%	4.25%	cut -100 bp
Apr 16, 2020	Hong Kong	1.23%	1.21%	cut -2 bp
Apr 17, 2020	Hong Kong	1.21%	1.19%	cut -2 bp
Apr 17, 2020	Philippines	3.25%	2.75%	cut -50 bp
Apr 20, 2020	China	4.05%	3.85%	cut -20 bp
Apr 20, 2020	Hong Kong	1.19%	1.18%	cut -1 bp
Apr 21, 2020	Hong Kong	1.18%	1.19%	hike +1 bp
Apr 21, 2020	Mexico	6.50%	6.00%	cut -50 bp
Apr 22, 2020	Hong Kong	1.19%	1.18%	cut -1 bp
Apr 23, 2020	Hong Kong	1.18%	1.19%	hike +1 bp
Apr 23, 2020	Türkiye	9.75%	8.75%	cut -100 bp
Apr 24, 2020	Hong Kong	1.19%	1.20%	hike +1 bp
Apr 27, 2020	Hong Kong	1.20%	1.19%	cut -1 bp
Apr 27, 2020	Russia	6.00%	5.50%	cut -50 bp
Apr 28, 2020	Hong Kong	1.19%	1.16%	cut -3 bp
Apr 29, 2020	Hong Kong	1.16%	1.11%	cut -5 bp
May 4, 2020	Colombia	3.75%	3.25%	cut -50 bp
May 4, 2020	Hong Kong	1.11%	1.03%	cut -8 bp
May 5, 2020	Hong Kong	1.03%	0.94%	cut -9 bp
May 5, 2020	Malaysia	2.50%	2.00%	cut -50 bp
May 6, 2020	Hong Kong	0.94%	0.82%	cut -12 bp
May 6, 2020	Thailand	0.75%	0.50%	cut -25 bp
May 7, 2020	Brazil	3.75%	3.00%	cut -75 bp
May 7, 2020	Hong Kong	0.82%	0.71%	cut -11 bp
May 7, 2020	Thailand	0.50%	0.75%	hike +25 bp
May 8, 2020	Hong Kong	0.71%	0.62%	cut -9 bp
May 8, 2020	Norway	0.25%	0.00%	cut -25 bp
May 11, 2020	Czechia	1.00%	0.25%	cut -75 bp
May 11, 2020	Hong Kong	0.62%	0.56%	cut -6 bp
May 12, 2020	Hong Kong	0.56%	0.50%	cut -6 bp
May 13, 2020	North Macedonia	1.75%	1.50%	cut -25 bp
May 14, 2020	Mexico	6.00%	5.50%	cut -50 bp
May 20, 2020	Iceland	1.75%	1.00%	cut -75 bp
May 20, 2020	Thailand	0.75%	0.50%	cut -25 bp
May 22, 2020	India	4.40%	4.00%	cut -40 bp
May 22, 2020	Türkiye	8.75%	8.25%	cut -50 bp
May 22, 2020	South Africa	4.25%	3.75%	cut -50 bp
May 27, 2020	Hong Kong	0.50%	0.51%	hike +1 bp
May 28, 2020	Hong Kong	0.51%	0.56%	hike +5 bp
May 28, 2020	South Korea	0.75%	0.50%	cut -25 bp
May 29, 2020	Hong Kong	0.56%	0.62%	hike +6 bp
May 29, 2020	Poland	0.50%	0.10%	cut -40 bp
Jun 1, 2020	Colombia	3.25%	2.75%	cut -50 bp
Jun 2, 2020	Hong Kong	0.62%	0.59%	cut -3 bp
Jun 2, 2020	Romania	2.00%	1.75%	cut -25 bp
Jun 3, 2020	Hong Kong	0.59%	0.57%	cut -2 bp
Jun 4, 2020	Hong Kong	0.57%	0.55%	cut -2 bp
Jun 5, 2020	Hong Kong	0.55%	0.51%	cut -4 bp
Jun 8, 2020	Hong Kong	0.51%	0.50%	cut -1 bp
Jun 11, 2020	Serbia	1.50%	1.25%	cut -25 bp
Jun 18, 2020	Brazil	3.00%	2.25%	cut -75 bp
Jun 18, 2020	Indonesia	4.50%	4.25%	cut -25 bp
Jun 18, 2020	Morocco	2.00%	1.50%	cut -50 bp
Jun 24, 2020	Hungary	0.90%	0.75%	cut -15 bp
Jun 24, 2020	Russia	5.50%	4.50%	cut -100 bp
Jun 25, 2020	Mexico	5.50%	5.00%	cut -50 bp
Jun 26, 2020	Philippines	2.75%	2.25%	cut -50 bp
Jul 1, 2020	Colombia	2.75%	2.50%	cut -25 bp
Jul 7, 2020	Malaysia	2.00%	1.75%	cut -25 bp
Jul 16, 2020	Indonesia	4.25%	4.00%	cut -25 bp
Jul 22, 2020	Hungary	0.75%	0.60%	cut -15 bp
Jul 24, 2020	South Africa	3.75%	3.50%	cut -25 bp
Jul 27, 2020	Russia	4.50%	4.25%	cut -25 bp
Aug 1, 2020	Colombia	2.50%	2.25%	cut -25 bp
Aug 6, 2020	Brazil	2.25%	2.00%	cut -25 bp
Aug 6, 2020	Romania	1.75%	1.50%	cut -25 bp
Aug 14, 2020	Mexico	5.00%	4.50%	cut -50 bp
Sep 1, 2020	Colombia	2.25%	2.00%	cut -25 bp
Sep 25, 2020	Mexico	4.50%	4.25%	cut -25 bp
Sep 25, 2020	Türkiye	8.25%	10.25%	hike +200 bp
Sep 28, 2020	Colombia	2.00%	1.75%	cut -25 bp
Nov 4, 2020	Australia	0.25%	0.10%	cut -15 bp
Nov 18, 2020	Iceland	1.00%	0.75%	cut -25 bp
Nov 19, 2020	Indonesia	4.00%	3.75%	cut -25 bp
Nov 20, 2020	Philippines	2.25%	2.00%	cut -25 bp
Nov 20, 2020	Türkiye	10.25%	15.00%	hike +475 bp
Dec 10, 2020	Serbia	1.25%	1.00%	cut -25 bp
Dec 25, 2020	Türkiye	15.00%	17.00%	hike +200 bp

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