Global interest rates in 2008

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.