The following table of average rates is aimed at reflecting the movement of
official policy rates during the economic cycle rather than actual borrowing
costs.
The following table of average rates is aimed at reflecting the movement of
official policy rates during the economic cycle rather than actual borrowing
costs.
2008
MONTH: END06..END07..01...02...03...04...05...06...07...08...09...10...11...12
------------------------------------------------------------------------------
G7 AVG: 3.65 3.70 3.40 3.35 3.10 2.90 - - 2.95 - - - - -
11 AVG: 4.00 4.52 4.39 4.41 4.32 4.25 4.26 4.28 4.33 - 4.28 - - -
------------------------------------------------------------------------------
FED 5.25 4.25 3.0* - 2.25 2.0 - - - - - - - -
BOJ 1) 0.25 0.50 - - - - - - - - - - - -
ECB 3.50 4.00 - - - - - - 4.25 - - - - -
BOE 5.00 5.50 - 5.25 - 5.0 - - - - - - - -
BOC 4.25 4.25 4.0 - 3.5 3.0 - - - - - - - -
------------------------------------------------------------------------------
SNB 2) 2.00 2.75 - - - - - - - - - - - -
RBA 6.25 6.75 - 7.0 7.25 - - - - - 7.0 - - -
RBNZ 7.25 8.25 - - - - - - 8.0 - 7.5 - - -
RIKSBK 3.00 4.00 - 4.25 - - - - 4.5 - 4.75 - - -
NORWAY 3.50 5.25 - - - 5.5 - 5.75 - - - - - -
DENMARK 3.75 4.25 - - - - 4.35 - 4.6 - - - - -
------------------------------------------------------------------------------
NO. OF RATE
CHANGES: 2007: 34 3 3 3 4 1 1 4 - 2 - - -
------------------------------------------------------------------------------
MONTH: END06..END07..01...02...03...04...05...06...07...08...09...10...11...12
------------------------------------------------------------------------------
EASTERN EUROPE:
POLAND 4.00 5.00 5.25 5.5 5.75 - - 6.0 - - - - - -
HUNG 8.00 7.50 - - 8.0 8.25 8.5 - - - - - - -
CZECH 2.50 3.50 - 3.75 - - - - - 3.5 - - - -
SLOVAK 4.75 4.25 - - - - - - - - - - - -
RUSSIA 11.0 10.0 - 10.25 - 10.5 - 10.75 11.0 - - - - -
UKRAINE 8.5 8.0 10.0 - - 12.0 - - - - - - - -
ROMANIA 8.75 7.5 8.0 9.0 9.5 - 9.75 10.0 10.25 - - - - -
------------------------------------------------------------------------------
LATIN AMERICA:
BRAZIL 18.00 11.25 - - - 11.75 - 12.25 13.0 - - - - -
MEX 3) 7.0 7.5 - - - - - 7.75 8.0 8.25 - - - -
CHILE 5.25 6.0 6.25 - - - - 6.75 7.25 7.75 8.25 - - -
------------------------------------------------------------------------------
ASIA
KOREA 4.50 5.00 - - - - - - - 5.25 - - - -
THAI 4) 5.00 3.25 - - - - - - 3.5 3.75 - - - -
PHIL 7.50 5.25 5.0 - - - - 5.25 5.75 6.0 - - - -
TAIWAN 2.75 3.375 - - 3.5 - - 3.625 - - - - - -
INDS 9.75 8.00 - - - - 8.25 8.5 8.75 9.0 9.25 - - -
INDIA 7.25 7.75 - - - - - 8.5+ 9.0 - - - - -
CHINA 6.12 7.47 - - - - - - - - - - - -
(For more Asian rates please double click on [ID:nASIAINT])
------------------------------------------------------------------------------
MIDDLE EAST/AFRICA:
SARB 9.0 11.0 - - - 11.5 - 12.0 - - - - - -
ISRAEL 4.5 4.25 - 3.75 3.25 - 3.5 3.75 4.0 4.25 - - - -
TURKEY 17.5 15.75 15.5 15.25 - - 15.75 16.25 16.75 - - - - -
------------------------------------------------------------------------------
MONTH:DEC06..DEC07..01...02...03...04...05...06...07...08...09...10...11...12
* Federal Reserve cut rates twice in January 2008 by 75 and 50 basis points
respectively
+ Reserve Bank of India raised the repo rate twice in June 2008, to 8.0 percent
on June 11 and 8.5 percent on June 24.
* Federal Reserve cut rates twice in January 2008 by 75 and 50 basis points
respectively
+ Reserve Bank of India raised the repo rate twice in June 2008, to 8.0 percent
on June 11 and 8.5 percent on June 24.
