Rate normalisation in Europe

Recovery in Europe is a regional affair. To generalise, the east is still cutting, the north is raising, and everywhere else is on hold. That realisation prompted the map, below. Bear in mind that the rate cuts are cumulative and absolute (i.e. percentage points, not percent).

Green means rates rose over the period; red means they fell; orange means they were constant. Shades between these indicates the depth of cut or rise, relative to those of all the other countries.