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Policy rates worldwide in 2024: 11 hikes, 106 cuts

Areas38
Hikes11
Cuts106
Median at year end4.75%

Rate at year end

Number of changes

All changes

DateCountry / regionFromToChange
Jan 4, 2024Israel4.75%4.50%cut -25 bp
Jan 12, 2024Peru6.75%6.50%cut -25 bp
Jan 26, 2024Türkiye42.50%45.00%hike +250 bp
Jan 31, 2024Hungary10.75%10.00%cut -75 bp
Feb 1, 2024Brazil11.75%11.25%cut -50 bp
Feb 1, 2024Chile8.25%7.25%cut -100 bp
Feb 1, 2024Colombia13.00%12.75%cut -25 bp
Feb 9, 2024Czechia6.75%6.25%cut -50 bp
Feb 13, 2024Peru6.50%6.25%cut -25 bp
Feb 28, 2024Hungary10.00%9.00%cut -100 bp
Mar 21, 2024Brazil11.25%10.75%cut -50 bp
Mar 21, 2024Czechia6.25%5.75%cut -50 bp
Mar 21, 2024Japan-0.10%0.05%hike +15 bp
Mar 22, 2024Switzerland1.75%1.50%cut -25 bp
Mar 22, 2024Mexico11.25%11.00%cut -25 bp
Mar 22, 2024Türkiye45.00%50.00%hike +500 bp
Mar 26, 2024Colombia12.75%12.25%cut -50 bp
Mar 27, 2024Hungary9.00%8.25%cut -75 bp
Apr 3, 2024Chile7.25%6.50%cut -75 bp
Apr 12, 2024Peru6.25%6.00%cut -25 bp
Apr 24, 2024Hungary8.25%7.75%cut -50 bp
Apr 24, 2024Indonesia6.00%6.25%hike +25 bp
May 2, 2024Colombia12.25%11.75%cut -50 bp
May 3, 2024Czechia5.75%5.25%cut -50 bp
May 9, 2024Brazil10.75%10.50%cut -25 bp
May 10, 2024Peru6.00%5.75%cut -25 bp
May 15, 2024Sweden4.00%3.75%cut -25 bp
May 22, 2024Hungary7.75%7.25%cut -50 bp
May 24, 2024Chile6.50%6.00%cut -50 bp
Jun 6, 2024Canada5.00%4.75%cut -25 bp
Jun 7, 2024Denmark3.60%3.35%cut -25 bp
Jun 12, 2024Euro area4.50%4.25%cut -25 bp
Jun 13, 2024Serbia6.50%6.25%cut -25 bp
Jun 19, 2024Chile6.00%5.75%cut -25 bp
Jun 19, 2024Hungary7.25%7.00%cut -25 bp
Jun 21, 2024Switzerland1.50%1.25%cut -25 bp
Jun 27, 2024Morocco3.00%2.75%cut -25 bp
Jun 28, 2024Czechia5.25%4.75%cut -50 bp
Jul 2, 2024Colombia11.75%11.25%cut -50 bp
Jul 8, 2024Romania7.00%6.75%cut -25 bp
Jul 11, 2024Serbia6.25%6.00%cut -25 bp
Jul 22, 2024China3.45%3.35%cut -10 bp
Jul 24, 2024Hungary7.00%6.75%cut -25 bp
Jul 25, 2024Canada4.75%4.50%cut -25 bp
Jul 29, 2024Russia16.00%18.00%hike +200 bp
Aug 1, 2024Colombia11.25%10.75%cut -50 bp
Aug 1, 2024United Kingdom5.25%5.00%cut -25 bp
Aug 1, 2024Japan0.05%0.25%hike +20 bp
Aug 2, 2024Czechia4.75%4.50%cut -25 bp
Aug 8, 2024Romania6.75%6.50%cut -25 bp
Aug 9, 2024Mexico11.00%10.75%cut -25 bp
Aug 9, 2024Peru5.75%5.50%cut -25 bp
Aug 15, 2024New Zealand5.50%5.25%cut -25 bp
Aug 16, 2024Philippines6.50%6.25%cut -25 bp
Aug 21, 2024Sweden3.75%3.50%cut -25 bp
Sep 4, 2024Chile5.75%5.50%cut -25 bp
Sep 5, 2024Canada4.50%4.25%cut -25 bp
Sep 12, 2024Serbia6.00%5.75%cut -25 bp
Sep 13, 2024Denmark3.35%3.10%cut -25 bp
Sep 13, 2024Peru5.50%5.25%cut -25 bp
Sep 16, 2024Russia18.00%19.00%hike +100 bp
Sep 18, 2024Indonesia6.25%6.00%cut -25 bp
Sep 18, 2024North Macedonia6.30%6.05%cut -25 bp
Sep 18, 2024Saudi Arabia6.00%5.50%cut -50 bp
Sep 18, 2024Euro area4.25%3.50%cut -75 bp
Sep 19, 2024Brazil10.50%10.75%hike +25 bp
Sep 19, 2024Hong Kong5.75%5.25%cut -50 bp
Sep 19, 2024Kuwait4.25%4.00%cut -25 bp
Sep 19, 2024United States5.375%4.875%cut -50 bp
Sep 20, 2024South Africa8.25%8.00%cut -25 bp
Sep 25, 2024Hungary6.75%6.50%cut -25 bp
Sep 26, 2024Czechia4.50%4.25%cut -25 bp
Sep 27, 2024Switzerland1.25%1.00%cut -25 bp
Sep 27, 2024Mexico10.75%10.50%cut -25 bp
Oct 1, 2024Colombia10.75%10.25%cut -50 bp
Oct 2, 2024Iceland9.25%9.00%cut -25 bp
Oct 2, 2024Sweden3.50%3.25%cut -25 bp
Oct 10, 2024New Zealand5.25%4.75%cut -50 bp
Oct 11, 2024South Korea3.50%3.25%cut -25 bp
Oct 16, 2024Thailand2.50%2.25%cut -25 bp
Oct 17, 2024Philippines6.25%6.00%cut -25 bp
Oct 18, 2024Chile5.50%5.25%cut -25 bp
Oct 18, 2024Denmark3.10%2.85%cut -25 bp
Oct 21, 2024China3.35%3.10%cut -25 bp
Oct 23, 2024Euro area3.50%3.25%cut -25 bp
Oct 24, 2024Canada4.25%3.75%cut -50 bp
Oct 24, 2024North Macedonia6.05%5.80%cut -25 bp
Oct 28, 2024Russia19.00%21.00%hike +200 bp
Nov 1, 2024Colombia10.25%9.75%cut -50 bp
Nov 7, 2024Brazil10.75%11.25%hike +50 bp
Nov 7, 2024United Kingdom5.00%4.75%cut -25 bp
Nov 7, 2024Saudi Arabia5.50%5.25%cut -25 bp
Nov 8, 2024Czechia4.25%4.00%cut -25 bp
Nov 8, 2024Hong Kong5.25%5.00%cut -25 bp
Nov 8, 2024Peru5.25%5.00%cut -25 bp
Nov 8, 2024United States4.875%4.625%cut -25 bp
Nov 13, 2024Sweden3.25%2.75%cut -50 bp
Nov 15, 2024Mexico10.50%10.25%cut -25 bp
Nov 20, 2024Iceland9.00%8.50%cut -50 bp
Nov 22, 2024South Africa8.00%7.75%cut -25 bp
Nov 28, 2024South Korea3.25%3.00%cut -25 bp
Nov 28, 2024New Zealand4.75%4.25%cut -50 bp
Dec 12, 2024Brazil11.25%12.25%hike +100 bp
Dec 12, 2024Canada3.75%3.25%cut -50 bp
Dec 13, 2024Switzerland1.00%0.50%cut -50 bp
Dec 13, 2024Denmark2.85%2.60%cut -25 bp
Dec 18, 2024Chile5.25%5.00%cut -25 bp
Dec 18, 2024North Macedonia5.80%5.55%cut -25 bp
Dec 18, 2024Saudi Arabia5.25%5.00%cut -25 bp
Dec 18, 2024Euro area3.25%3.00%cut -25 bp
Dec 19, 2024Hong Kong5.00%4.75%cut -25 bp
Dec 19, 2024Morocco2.75%2.50%cut -25 bp
Dec 19, 2024United States4.625%4.375%cut -25 bp
Dec 20, 2024Mexico10.25%10.00%cut -25 bp
Dec 20, 2024Philippines6.00%5.75%cut -25 bp
Dec 23, 2024Colombia9.75%9.50%cut -25 bp
Dec 27, 2024Türkiye50.00%47.50%cut -250 bp

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