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Policy rates worldwide in 2022: 221 hikes, 13 cuts

Areas38

Hikes221

Cuts13

Median at year end4.75%

Rate at year end

Brazil13.75%

Hungary13%

Colombia12%

Chile11.25%

Mexico10.5%

Türkiye9%

Russia7.5%

Peru7.5%

South Africa7%

Czechia7%

Romania6.75%

Poland6.75%

India6.25%

Iceland6%

Philippines5.5%

Indonesia5.5%

Saudi Arabia5%

Serbia5%

North Macedonia4.75%

Hong Kong4.75%

United States4.375%

New Zealand4.25%

Canada4.25%

China3.65%

Kuwait3.5%

United Kingdom3.5%

South Korea3.25%

Israel3.25%

Australia3.1%

Norway2.75%

Malaysia2.75%

Euro area2.5%

Sweden2.5%

Morocco2.5%

Denmark1.75%

Thailand1.25%

Switzerland1%

Japan-0.1%

Number of changes

Peru12

Hungary10

Hong Kong10

Serbia9

Poland8

Romania8

Colombia8

United Kingdom8

Mexico8

Russia8

North Macedonia8

Australia8

South Korea7

Chile7

New Zealand7

Canada7

Kuwait7

Saudi Arabia7

United States7

Philippines7

South Africa6

Iceland6

Norway6

Israel6

Brazil5

India5

Indonesia5

Czechia4

Sweden4

Malaysia4

Denmark4

Euro area4

Türkiye4

Switzerland3

Thailand3

China2

Morocco2

All changes

Date	Country / region	From	To	Change
Jan 5, 2022	Poland	1.75%	2.25%	hike +50 bp
Jan 7, 2022	Peru	2.50%	3.00%	hike +50 bp
Jan 11, 2022	Romania	1.75%	2.00%	hike +25 bp
Jan 14, 2022	South Korea	1.00%	1.25%	hike +25 bp
Jan 20, 2022	China	3.80%	3.70%	cut -10 bp
Jan 26, 2022	Hungary	2.40%	2.90%	hike +50 bp
Jan 27, 2022	Chile	4.00%	5.50%	hike +150 bp
Jan 28, 2022	South Africa	3.75%	4.00%	hike +25 bp
Jan 31, 2022	Colombia	3.00%	4.00%	hike +100 bp
Feb 3, 2022	Brazil	9.25%	10.75%	hike +150 bp
Feb 3, 2022	United Kingdom	0.25%	0.50%	hike +25 bp
Feb 4, 2022	Czechia	3.75%	4.50%	hike +75 bp
Feb 9, 2022	Iceland	2.00%	2.75%	hike +75 bp
Feb 9, 2022	Poland	2.25%	2.75%	hike +50 bp
Feb 10, 2022	Romania	2.00%	2.50%	hike +50 bp
Feb 11, 2022	Mexico	5.50%	6.00%	hike +50 bp
Feb 11, 2022	Peru	3.00%	3.50%	hike +50 bp
Feb 14, 2022	Russia	8.50%	9.50%	hike +100 bp
Feb 23, 2022	Hungary	2.90%	3.40%	hike +50 bp
Feb 24, 2022	New Zealand	0.75%	1.00%	hike +25 bp
Feb 28, 2022	Russia	9.50%	20.00%	hike +1,050 bp
Mar 3, 2022	Canada	0.25%	0.50%	hike +25 bp
Mar 9, 2022	Poland	2.75%	3.50%	hike +75 bp
Mar 11, 2022	Peru	3.50%	4.00%	hike +50 bp
Mar 17, 2022	Brazil	10.75%	11.75%	hike +100 bp
Mar 17, 2022	United Kingdom	0.50%	0.75%	hike +25 bp
Mar 17, 2022	Hong Kong	0.50%	0.75%	hike +25 bp
Mar 17, 2022	Kuwait	1.50%	1.75%	hike +25 bp
Mar 17, 2022	Saudi Arabia	1.00%	1.25%	hike +25 bp
Mar 17, 2022	United States	0.125%	0.375%	hike +25 bp
Mar 23, 2022	Hungary	3.40%	4.40%	hike +100 bp
Mar 25, 2022	Mexico	6.00%	6.50%	hike +50 bp
Mar 25, 2022	Norway	0.50%	0.75%	hike +25 bp
Mar 25, 2022	South Africa	4.00%	4.25%	hike +25 bp
Mar 30, 2022	Chile	5.50%	7.00%	hike +150 bp
Apr 1, 2022	Colombia	4.00%	5.00%	hike +100 bp
Apr 1, 2022	Czechia	4.50%	5.00%	hike +50 bp
Apr 6, 2022	Romania	2.50%	3.00%	hike +50 bp
Apr 7, 2022	Poland	3.50%	4.50%	hike +100 bp
Apr 7, 2022	Serbia	1.00%	1.50%	hike +50 bp
Apr 8, 2022	Peru	4.00%	4.50%	hike +50 bp
Apr 11, 2022	Russia	20.00%	17.00%	cut -300 bp
Apr 13, 2022	North Macedonia	1.25%	1.50%	hike +25 bp
Apr 14, 2022	Canada	0.50%	1.00%	hike +50 bp
Apr 14, 2022	Israel	0.10%	0.35%	hike +25 bp
Apr 14, 2022	South Korea	1.25%	1.50%	hike +25 bp
Apr 14, 2022	New Zealand	1.00%	1.50%	hike +50 bp
Apr 27, 2022	Hungary	4.40%	5.40%	hike +100 bp
May 1, 2022	Colombia	5.00%	6.00%	hike +100 bp
May 4, 2022	Australia	0.10%	0.35%	hike +25 bp
May 4, 2022	India	4.00%	4.40%	hike +40 bp
May 4, 2022	Iceland	2.75%	3.75%	hike +100 bp
May 4, 2022	Russia	17.00%	14.00%	cut -300 bp
May 4, 2022	Sweden	0.00%	0.25%	hike +25 bp
May 5, 2022	Brazil	11.75%	12.75%	hike +100 bp
May 5, 2022	United Kingdom	0.75%	1.00%	hike +25 bp
May 5, 2022	Hong Kong	0.75%	1.25%	hike +50 bp
May 5, 2022	Kuwait	1.75%	2.00%	hike +25 bp
May 5, 2022	Saudi Arabia	1.25%	1.75%	hike +50 bp
May 5, 2022	United States	0.375%	0.875%	hike +50 bp
May 6, 2022	Chile	7.00%	8.25%	hike +125 bp
May 6, 2022	Czechia	5.00%	5.75%	hike +75 bp
May 6, 2022	Poland	4.50%	5.25%	hike +75 bp
May 11, 2022	North Macedonia	1.50%	1.75%	hike +25 bp
May 11, 2022	Malaysia	1.75%	2.00%	hike +25 bp
May 11, 2022	Romania	3.00%	3.75%	hike +75 bp
May 12, 2022	Serbia	1.50%	2.00%	hike +50 bp
May 13, 2022	Mexico	6.50%	7.00%	hike +50 bp
May 13, 2022	Peru	4.50%	5.00%	hike +50 bp
May 20, 2022	Philippines	2.00%	2.25%	hike +25 bp
May 20, 2022	South Africa	4.25%	4.75%	hike +50 bp
May 26, 2022	Israel	0.35%	0.75%	hike +40 bp
May 26, 2022	South Korea	1.50%	1.75%	hike +25 bp
May 26, 2022	New Zealand	1.50%	2.00%	hike +50 bp
May 27, 2022	Russia	14.00%	11.00%	cut -300 bp
Jun 1, 2022	Hungary	5.40%	5.90%	hike +50 bp
Jun 2, 2022	Canada	1.00%	1.50%	hike +50 bp
Jun 8, 2022	Australia	0.35%	0.85%	hike +50 bp
Jun 8, 2022	Chile	8.25%	9.00%	hike +75 bp
Jun 8, 2022	India	4.40%	4.90%	hike +50 bp
Jun 9, 2022	Poland	5.25%	6.00%	hike +75 bp
Jun 9, 2022	Serbia	2.00%	2.50%	hike +50 bp
Jun 10, 2022	Peru	5.00%	5.50%	hike +50 bp
Jun 14, 2022	Russia	11.00%	9.50%	cut -150 bp
Jun 15, 2022	North Macedonia	1.75%	2.00%	hike +25 bp
Jun 15, 2022	Saudi Arabia	1.75%	2.25%	hike +50 bp
Jun 16, 2022	Brazil	12.75%	13.25%	hike +50 bp
Jun 16, 2022	United Kingdom	1.00%	1.25%	hike +25 bp
Jun 16, 2022	Hong Kong	1.25%	2.00%	hike +75 bp
Jun 16, 2022	Kuwait	2.00%	2.25%	hike +25 bp
Jun 16, 2022	United States	0.875%	1.625%	hike +75 bp
Jun 17, 2022	Switzerland	-0.75%	-0.25%	hike +50 bp
Jun 22, 2022	Iceland	3.75%	4.75%	hike +100 bp
Jun 23, 2022	Czechia	5.75%	7.00%	hike +125 bp
Jun 24, 2022	Mexico	7.00%	7.75%	hike +75 bp
Jun 24, 2022	Norway	0.75%	1.25%	hike +50 bp
Jun 24, 2022	Philippines	2.25%	2.50%	hike +25 bp
Jun 29, 2022	Hungary	5.90%	7.75%	hike +185 bp
Jul 1, 2022	Colombia	6.00%	7.50%	hike +150 bp
Jul 6, 2022	Australia	0.85%	1.35%	hike +50 bp
Jul 6, 2022	Malaysia	2.00%	2.25%	hike +25 bp
Jul 6, 2022	Sweden	0.25%	0.75%	hike +50 bp
Jul 7, 2022	Israel	0.75%	1.25%	hike +50 bp
Jul 7, 2022	Romania	3.75%	4.75%	hike +100 bp
Jul 7, 2022	Serbia	2.50%	2.75%	hike +25 bp
Jul 8, 2022	Peru	5.50%	6.00%	hike +50 bp
Jul 8, 2022	Poland	6.00%	6.50%	hike +50 bp
Jul 13, 2022	Hungary	7.75%	9.75%	hike +200 bp
Jul 13, 2022	South Korea	1.75%	2.25%	hike +50 bp
Jul 13, 2022	North Macedonia	2.00%	2.50%	hike +50 bp
Jul 14, 2022	Canada	1.50%	2.50%	hike +100 bp
Jul 14, 2022	Chile	9.00%	9.75%	hike +75 bp
Jul 14, 2022	New Zealand	2.00%	2.50%	hike +50 bp
Jul 14, 2022	Philippines	2.50%	3.25%	hike +75 bp
Jul 22, 2022	Denmark	-0.60%	-0.10%	hike +50 bp
Jul 22, 2022	South Africa	4.75%	5.50%	hike +75 bp
Jul 25, 2022	Russia	9.50%	8.00%	cut -150 bp
Jul 27, 2022	Hungary	9.75%	10.75%	hike +100 bp
Jul 27, 2022	Saudi Arabia	2.25%	3.00%	hike +75 bp
Jul 27, 2022	Euro area	0.00%	0.50%	hike +50 bp
Jul 28, 2022	Hong Kong	2.00%	2.75%	hike +75 bp
Jul 28, 2022	Kuwait	2.25%	2.50%	hike +25 bp
Jul 28, 2022	United States	1.625%	2.375%	hike +75 bp
Aug 1, 2022	Colombia	7.50%	9.00%	hike +150 bp
Aug 3, 2022	Australia	1.35%	1.85%	hike +50 bp
Aug 4, 2022	Brazil	13.25%	13.75%	hike +50 bp
Aug 4, 2022	United Kingdom	1.25%	1.75%	hike +50 bp
Aug 5, 2022	India	4.90%	5.40%	hike +50 bp
Aug 8, 2022	Romania	4.75%	5.50%	hike +75 bp
Aug 10, 2022	Thailand	0.50%	0.75%	hike +25 bp
Aug 11, 2022	Kuwait	2.50%	2.75%	hike +25 bp
Aug 11, 2022	Serbia	2.75%	3.00%	hike +25 bp
Aug 12, 2022	Mexico	7.75%	8.50%	hike +75 bp
Aug 12, 2022	Peru	6.00%	6.50%	hike +50 bp
Aug 18, 2022	New Zealand	2.50%	3.00%	hike +50 bp
Aug 19, 2022	Norway	1.25%	1.75%	hike +50 bp
Aug 19, 2022	Philippines	3.25%	3.75%	hike +50 bp
Aug 19, 2022	Türkiye	14.00%	13.00%	cut -100 bp
Aug 20, 2022	China	3.70%	3.65%	cut -5 bp
Aug 23, 2022	Indonesia	3.50%	3.75%	hike +25 bp
Aug 24, 2022	Iceland	4.75%	5.50%	hike +75 bp
Aug 25, 2022	Israel	1.25%	2.00%	hike +75 bp
Aug 25, 2022	South Korea	2.25%	2.50%	hike +25 bp
Aug 31, 2022	Hungary	10.75%	11.75%	hike +100 bp
Sep 7, 2022	Australia	1.85%	2.35%	hike +50 bp
Sep 7, 2022	Chile	9.75%	10.75%	hike +100 bp
Sep 8, 2022	Canada	2.50%	3.25%	hike +75 bp
Sep 8, 2022	Malaysia	2.25%	2.50%	hike +25 bp
Sep 8, 2022	Poland	6.50%	6.75%	hike +25 bp
Sep 8, 2022	Serbia	3.00%	3.50%	hike +50 bp
Sep 9, 2022	Denmark	-0.10%	0.65%	hike +75 bp
Sep 9, 2022	Peru	6.50%	6.75%	hike +25 bp
Sep 14, 2022	North Macedonia	2.50%	3.00%	hike +50 bp
Sep 14, 2022	Euro area	0.50%	1.25%	hike +75 bp
Sep 19, 2022	Russia	8.00%	7.50%	cut -50 bp
Sep 21, 2022	Saudi Arabia	3.00%	3.75%	hike +75 bp
Sep 21, 2022	Sweden	0.75%	1.75%	hike +100 bp
Sep 22, 2022	United Kingdom	1.75%	2.25%	hike +50 bp
Sep 22, 2022	Hong Kong	2.75%	3.50%	hike +75 bp
Sep 22, 2022	Indonesia	3.75%	4.25%	hike +50 bp
Sep 22, 2022	Kuwait	2.75%	3.00%	hike +25 bp
Sep 22, 2022	United States	2.375%	3.125%	hike +75 bp
Sep 23, 2022	Switzerland	-0.25%	0.50%	hike +75 bp
Sep 23, 2022	Norway	1.75%	2.25%	hike +50 bp
Sep 23, 2022	Philippines	3.75%	4.25%	hike +50 bp
Sep 23, 2022	Türkiye	13.00%	12.00%	cut -100 bp
Sep 23, 2022	South Africa	5.50%	6.25%	hike +75 bp
Sep 28, 2022	Hungary	11.75%	13.00%	hike +125 bp
Sep 28, 2022	Thailand	0.75%	1.00%	hike +25 bp
Sep 29, 2022	Morocco	1.50%	2.00%	hike +50 bp
Sep 30, 2022	Colombia	9.00%	10.00%	hike +100 bp
Sep 30, 2022	India	5.40%	5.90%	hike +50 bp
Sep 30, 2022	Mexico	8.50%	9.25%	hike +75 bp
Oct 5, 2022	Australia	2.35%	2.60%	hike +25 bp
Oct 5, 2022	Iceland	5.50%	5.75%	hike +25 bp
Oct 6, 2022	New Zealand	3.00%	3.50%	hike +50 bp
Oct 6, 2022	Romania	5.50%	6.25%	hike +75 bp
Oct 6, 2022	Serbia	3.50%	4.00%	hike +50 bp
Oct 7, 2022	Peru	6.75%	7.00%	hike +25 bp
Oct 9, 2022	Israel	2.00%	2.75%	hike +75 bp
Oct 12, 2022	South Korea	2.50%	3.00%	hike +50 bp
Oct 12, 2022	North Macedonia	3.00%	3.50%	hike +50 bp
Oct 13, 2022	Chile	10.75%	11.25%	hike +50 bp
Oct 20, 2022	Indonesia	4.25%	4.75%	hike +50 bp
Oct 21, 2022	Türkiye	12.00%	10.50%	cut -150 bp
Oct 27, 2022	Canada	3.25%	3.75%	hike +50 bp
Oct 28, 2022	Denmark	0.65%	1.25%	hike +60 bp
Oct 31, 2022	Colombia	10.00%	11.00%	hike +100 bp
Nov 2, 2022	Australia	2.60%	2.85%	hike +25 bp
Nov 2, 2022	Saudi Arabia	3.75%	4.50%	hike +75 bp
Nov 2, 2022	Euro area	1.25%	2.00%	hike +75 bp
Nov 3, 2022	United Kingdom	2.25%	3.00%	hike +75 bp
Nov 3, 2022	Hong Kong	3.50%	4.25%	hike +75 bp
Nov 3, 2022	Malaysia	2.50%	2.75%	hike +25 bp
Nov 3, 2022	United States	3.125%	3.875%	hike +75 bp
Nov 4, 2022	Norway	2.25%	2.50%	hike +25 bp
Nov 9, 2022	Romania	6.25%	6.75%	hike +50 bp
Nov 10, 2022	Serbia	4.00%	4.50%	hike +50 bp
Nov 11, 2022	Mexico	9.25%	10.00%	hike +75 bp
Nov 11, 2022	Peru	7.00%	7.25%	hike +25 bp
Nov 16, 2022	North Macedonia	3.50%	4.25%	hike +75 bp
Nov 17, 2022	Indonesia	4.75%	5.25%	hike +50 bp
Nov 18, 2022	Philippines	4.25%	5.00%	hike +75 bp
Nov 23, 2022	Iceland	5.75%	6.00%	hike +25 bp
Nov 24, 2022	Israel	2.75%	3.25%	hike +50 bp
Nov 24, 2022	South Korea	3.00%	3.25%	hike +25 bp
Nov 24, 2022	New Zealand	3.50%	4.25%	hike +75 bp
Nov 25, 2022	Türkiye	10.50%	9.00%	cut -150 bp
Nov 25, 2022	South Africa	6.25%	7.00%	hike +75 bp
Nov 30, 2022	Sweden	1.75%	2.50%	hike +75 bp
Nov 30, 2022	Thailand	1.00%	1.25%	hike +25 bp
Dec 6, 2022	Hong Kong	4.25%	4.28%	hike +3 bp
Dec 7, 2022	Australia	2.85%	3.10%	hike +25 bp
Dec 7, 2022	Hong Kong	4.28%	4.34%	hike +6 bp
Dec 7, 2022	India	5.90%	6.25%	hike +35 bp
Dec 7, 2022	Kuwait	3.00%	3.50%	hike +50 bp
Dec 8, 2022	Canada	3.75%	4.25%	hike +50 bp
Dec 8, 2022	Hong Kong	4.34%	4.25%	cut -9 bp
Dec 8, 2022	Serbia	4.50%	5.00%	hike +50 bp
Dec 12, 2022	Peru	7.25%	7.50%	hike +25 bp
Dec 14, 2022	North Macedonia	4.25%	4.75%	hike +50 bp
Dec 14, 2022	Saudi Arabia	4.50%	5.00%	hike +50 bp
Dec 15, 2022	United Kingdom	3.00%	3.50%	hike +50 bp
Dec 15, 2022	Hong Kong	4.25%	4.75%	hike +50 bp
Dec 15, 2022	United States	3.875%	4.375%	hike +50 bp
Dec 16, 2022	Switzerland	0.50%	1.00%	hike +50 bp
Dec 16, 2022	Denmark	1.25%	1.75%	hike +50 bp
Dec 16, 2022	Mexico	10.00%	10.50%	hike +50 bp
Dec 16, 2022	Norway	2.50%	2.75%	hike +25 bp
Dec 16, 2022	Philippines	5.00%	5.50%	hike +50 bp
Dec 17, 2022	Colombia	11.00%	12.00%	hike +100 bp
Dec 21, 2022	Euro area	2.00%	2.50%	hike +50 bp
Dec 22, 2022	Indonesia	5.25%	5.50%	hike +25 bp
Dec 22, 2022	Morocco	2.00%	2.50%	hike +50 bp

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