Brazil Interest Rate 1999-2015 | Data | Chart | Calendar | Forecast

The benchmark interest rate in Brazil was last recorded at 12.75 percent. Interest Rate in Brazil averaged 15.75 percent from 1999 until 2015, reaching an all time high of 45 percent in March of 1999 and a record low of 7.25 percent in October of 2012. Interest Rate in Brazil is reported by the Banco Central do Brasil.

     Forecast  
Brazil Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
12.75 12.25 45.00 7.25 1999 - 2015 percent Daily
In Brazil, interest rate decisions are taken by The Central Bank of Brazil's Monetary Policy Committee (COPOM). The official interest rate is the Special System of Clearance and Custody rate (SELIC) which is the overnight lending rate. This page provides - Brazil Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Brazil Interest Rate - was last refreshed on Saturday, April 25, 2015.


Brazil Hikes Key Interest Rate to 12.75%


Brazil’s central bank raised the Selic rate to a six-year high of 12.75 percent on March 4th. The decision was widely expected in a wake of stubbornly high inflation.

Policymakers raised rates for the fourth straight meeting, in an attempt to stop the real depreciation and curb inflationary expectations. Yet, given that the Brazilian economy may fall into recession, it is not urgent to tighten monetary policy anymore.
 
In the past six months, Brazil’s real lost more than 24 percent against the USD (9 percent since the beginning of 2015), as investors show concerns over the country’s growth outlook. In January, the inflation rate hit a 3-1/2-year high of 7.14 percent and in the mid-month to February the prices rose to 7.36 percent.
 
According to a recent central bank survey, the economy is expected to shrink 0.58 percent in 2015, the worst contraction in 25 years. Retail sales have been slowing since mid-2014 and edged up a meager 0.3 percent year-on-year in the last month of 2014. Also, in January, industrial production shrank by 5.2 percent year-on-year, the eleventh consecutive month of contraction. In spite of weak growth numbers, in the first month of 2015, the government announced a series of tax increases aiming at raising government revenues which are likely to hurt consumption and create additional inflationary pressure. 
 

Joana Taborda | joana.taborda@tradingeconomics.com
3/5/2015 12:22:21 AM


Recent Releases

Brazil Raises SELIC Rate to 12.25%
Brazil increased its key interest rate by 50bps to 12.25% on January 21st. It is the third consecutive hike, aiming to curb stubbornly high inflation and bringing the rate to its highest level since mid-2011. Published on 2015-01-21

Brazil Raises SELIC Rate to 11.75%
The Central Bank of Brazil decided to raise the benchmark interest rate by half a point to 11.75 percent on December 3rd amid high inflation, low economic growth and falling currency. Published on 2014-12-04


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-03 10:30 PM
Interest Rate Decision 
11.75% 11.25% 11.5% 11.75%
2015-01-21 09:30 PM
Interest Rate Decision 
12.25% 11.75% 12.25% 12.25%
2015-03-04 11:05 PM
Interest Rate Decision 
12.75% 12.25% 12.75% 12.75%
2015-04-29 11:00 PM
Interest Rate Decision 
12.75% 13.25% 13%
2015-06-03 10:00 PM
Interest Rate Decision 
13%
2015-07-29 10:00 PM
Interest Rate Decision 


Brazil Money Last Previous Highest Lowest Unit
Interest Rate 12.75 12.25 45.00 7.25 percent [+]
Money Supply M0 240656.35 238815.59 263528.52 0.00 BRL Million [+]
Money Supply M1 314336.06 318574.45 351148.12 0.00 BRL Million [+]
Money Supply M2 2127389.59 2117296.20 2139997.96 0.01 BRL Million [+]
Money Supply M3 4343800.06 4325452.49 4343800.06 0.01 BRL Million [+]
Foreign Exchange Reserves 362744.00 362547.40 379156.50 1187.00 USD Million [+]
Loans to Private Sector 2812247.17 2802294.52 2825607.00 0.00 BRL Million [+]
Banks Balance Sheet 5300035.30 5082620.00 5300035.30 1174638.00 BRL Million [+]
Central Bank Balance Sheet 2223394403.00 2114683215.00 2223394403.00 6.40 BRL Thousand [+]
Loan Growth 0.46 -0.16 2.06 -0.16 percent [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.25 Apr/15 2.25 17.50 2.25 percent [+]
Brazil 12.75 Mar/15 12.25 45.00 7.25 percent [+]
Canada 0.75 Apr/15 0.75 16.00 0.25 percent [+]
China 5.35 Mar/15 5.60 10.98 5.31 percent [+]
Euro Area 0.05 Apr/15 0.05 4.75 0.05 percent [+]
France 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Apr/15 0.05 4.75 0.05 percent [+]
India 7.50 Apr/15 7.50 14.50 4.25 percent [+]
Indonesia 7.50 Apr/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Japan 0.00 Apr/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Mar/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Russia 14.00 Mar/15 15.00 17.00 5.00 percent [+]
South Korea 1.75 Apr/15 1.75 5.25 1.75 percent [+]
Spain 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Mar/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Apr/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Apr/15 0.50 17.00 0.50 percent [+]
United States 0.25 Mar/15 0.25 20.00 0.25 percent [+]