Central bank rate changes on 4 May 2022
On 4 May 2022, 5 central banks we track changed their policy rate: the Bank of Russia cut its Key rate by 300 bp to 14.00 %, the Central Bank of Iceland raised its 7-day term deposit rate by 100 bp to 3.75 %, the Reserve Bank of India raised its Policy repo rate by 40 bp to 4.40 %, the Reserve Bank of Australia raised its Cash rate target by 25 bp to 0.35 % and the Sveriges Riksbank raised its Policy rate by 25 bp to 0.25 %.
Changes
| Set by | Rate | Change |
|---|---|---|
 Bank of Russia · Russia | 14.00 % | cut −300 bp |
 Central Bank of Iceland · Iceland | 3.75 % | raised +100 bp |
 Reserve Bank of India · India | 4.40 % | raised +40 bp |
 Reserve Bank of Australia · Australia | 0.35 % | raised +25 bp |
 Sveriges Riksbank · Sweden | 0.25 % | raised +25 bp |
Dates are the day a new rate took effect. Some banks announce a few days earlier; the announcement date is shown where we know it.