FACTBOX: Global interest rates in 2007

LONDON (Reuters) - The U.S. Federal Reserve cut its main interest rate by a quarter percentage point on October 31 to 4.50 percent. As a result the average rate set by central banks of the Group of Seven nations fell to 3.85 percent from 3.90 percent, while the average rate set by 11 leading central banks -- the five that decide monetary policy for the G7 nations plus six other major banks -- slipped to 4.55 percent from 4.57 percent.

For interest rate changes in 2006 please double click on

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.

2007 MONTH: END05..END06..01...02...03...04...05...06...07...08...09...10...11...12 ------------------------------------------------------------------------------ G7 AVG: 2.85 3.65 3.70 3.75 3.80 - 3.85 3.90 4.00 4.00 3.90 3.85 - - 11 AVG: 3.10 4.00 4.05 4.09 4.20 4.23 4.27 4.41 4.48 4.50 4.55 4.55 - - ------------------------------------------------------------------------------ FED 4.25 5.25 - - - - - - - - 4.75 4.5 - - BOJ 1) 0.00 0.25 - 0.5 - - - - - - - - - - ECB 2.25 3.50 - - 3.75 - - 4.0 - - - - - - BOE 4.50 5.00 5.25 - - - 5.5 - 5.75 - - - - - BOC 3.25 4.25 - - - - - - 4.5 - - - - - ------------------------------------------------------------------------------ SNB 2) 1.00 2.00 - - 2.25 - - 2.5 - - 2.75 - - - RBA 5.50 6.25 - - - - - - - 6.50 - - - - RBNZ 7.25 7.25 - - 7.5 7.75 - 8.0 8.25 - - - - - RIKSBK 1.50 3.00 - 3.25 - - - 3.5 - - 3.75 4.0 - - NORWAY 2.25 3.50 3.75 - 4.0 - 4.25 4.5 - 4.75 5.0 - - - DENMARK 2.40 3.75 - - 4.0 - - 4.25 - - - - - - ------------------------------------------------------------------------------ NO. OF RATE CHANGES: 2006: 40 2 2 5 1 2 6 3 2 4 2 - - ------------------------------------------------------------------------------ MONTH: END05..END06..01...02...03...04...05...06...07...08...09...10...11...12 ------------------------------------------------------------------------------ EASTERN EUROPE: POLAND 4.50 4.00 - - - 4.25 - 4.5 - 4.75 - - - - HUNG 6.00 8.00 - - - - - 7.75 - - 7.5 - - - CZECH 2.00 2.50 - - - - 2.75 - 3.0 3.25 - - - - SLOVAK 3.00 4.75 - - 4.50 4.25 - - - - - - - - RUSSIA 12.0 11.0 10.5 - - - - 10.0 - - - - - - UKRAINE 9.5 8.5 - - - - - 8.0 - - - - - - ROMANIA 7.5 8.75 - 8.0 7.5 - 7.25 7.0 - - - 7.5 - - ------------------------------------------------------------------------------ LATIN AMERICA: BRAZIL 18.00 13.25 13.0 - 12.75 12.5 - 12.0 11.5 - 11.25 - - - MEX 3) 8.2 7.0 7.0 7.0 7.0 7.1 7.2 7.2 7.2 7.2 7.2 7.3 - - CHILE 4.5 5.25 5.0 - - - - - 5.25 5.5 5.75 - - - ------------------------------------------------------------------------------ ASIA KOREA 3.75 4.50 - - - - - - 4.75 5.0 - - - - THAI 4) 4.00 5.00 4.75 4.5 - 4.0 3.5 - 3.25 - - - - - PHIL 7.50 7.50 - - - - - - 6.0 - - 5.75 - - TAIWAN 2.25 2.75 - - 2.875 - - 3.125 - - 3.25 - - - INDS 12.75 9.75 9.5 9.25 9.0 - 8.75 8.5 8.25 - - - - - INDIA 5.25 6.00 - - - - - - - - - - - - CHINA 5.58 6.12 - - 6.39 - 6.57 - 6.84 7.02 7.29 - - - ------------------------------------------------------------------------------ MIDDLE EAST/AFRICA: SARB 7.0 9.0 - - - - - 9.5 - 10.0 - 10.5 - - ISRAEL 4.5 4.5 4.25 4.0 - 3.75 3.5 - 3.75 4.0 - - - - TURKEY 13.5 17.5 - - - - - - - - 17.25 16.75 - - ------------------------------------------------------------------------------ MONTH:DEC05..DEC06..01...02...03...04...05...06...07...08...09...10...11...12

NOTES:

If rates change more than once a month, the last rate for that month is listed.

Slovenia has been removed from the table as it joined the euro zone on Jan 1, 2007.

1. On March 9, 2006 the BOJ said it would no longer set a target for the amount of surplus funds in the money market, ending its "quantitative easing" policy, and adopted a more conventional tactic of guiding the unsecured overnight call rate. On July 14, 2006 it raised interest rates for the first time in six years.