Brazil Interest Rate  1999-2016 | Data | Chart | Calendar | Forecast

The Central Bank of Brazil lowered its benchmark Selic rate to 13.75 percent on November 30th, its lowest in over a year. The decision was widely expected by markets, as policymakers aim to bring inflation back to target amid a deep economic recession and a new political scandal. Interest Rate in Brazil averaged 15.63 percent from 1999 until 2016, reaching an all time high of 45 percent in March of 1999 and a record low of 7.25 percent in October of 2012.

Brazil Interest Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-31 09:00 PM Interest Rate Decision 14.25% 14.25% 14.25% 14.25%
2016-10-19 08:20 PM Interest Rate Decision 14% 14.25% 14% 14.25%
2016-11-30 08:40 PM Interest Rate Decision 13.75% 14% 13.75% 13.75%
2017-01-20 10:30 PM Interest Rate Decision
2017-03-02 10:30 PM Interest Rate Decision
2017-03-10 11:30 AM Copom Meeting Minutes




Brazil Cuts Key Interest Rate to 13.75%


The Central Bank of Brazil lowered its benchmark Selic rate to 13.75 percent on November 30th, its lowest in over a year. The decision was widely expected by markets, as policymakers aim to bring inflation back to target amid a deep economic recession and a new political scandal.

The central bank began easing monetary policy during its October meeting, as it lowered its interest rate for the first time in four years. Although inflation rate slowed recently to a 20-month low of 7.87 percent in October, it remained well above the central bank's mid-point target of 4.5 percent. Furthermore, Brazil's economy shrank for the seventh consecutive quarter in the three months to September 2016, as investments dropped sharply and household consumption continued to fall.

Meanwhile, a scandal within President Michel Temer's cabinet raised fears he could lose support in Congress to push ahead austerity reforms; and added pressure on the real, which has dropped by more than 6 percent against the dollar this month. 

Inflation expectations fell to 6.72 percent for 2016 and 4.93 percent for 2017, according to the latest FOCUS Market Readout released by the central bank on November 25th. Meanwhile, the economy is expected to contract by 3.49 percent in 2016 and to grow by 0.98% next year.

Joana Ferreira | joana.ferreira@tradingeconomics.com
11/30/2016 8:45:54 PM



Brazil Money Last Previous Highest Lowest Unit
Interest Rate 13.75 14.00 45.00 7.25 percent [+]
Cash Reserve Ratio 45.00 45.00 100.00 42.00 percent [+]
Money Supply M0 247845.55 247035.95 263528.52 0.00 BRL Million [+]
Money Supply M1 306850.56 306435.54 351148.12 0.00 BRL Million [+]
Money Supply M2 2294049.97 2276520.09 2294049.97 0.01 BRL Million [+]
Money Supply M3 5148735.91 5085967.56 5148735.91 0.01 BRL Million [+]
Foreign Exchange Reserves 367528.00 370417.00 379156.50 1187.00 USD Million [+]
Banks Balance Sheet 5822292.85 5787044.47 5978463.45 1174638.00 BRL Million [+]
Loans to Private Sector 814898.00 822649.00 875283.00 169316.00 BRL Million [+]
Deposit Interest Rate 12.62 10.02 9394.29 7.81 percent [+]
Loan Growth -0.50 -0.20 3.68 -0.70 percent [+]
Central Bank Balance Sheet 2905575626.00 2849746463.00 2905575626.00 6.40 BRL Thousand [+]



Brazil Interest Rate Notes

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. Brazil Interest Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
13.75 14.00 45.00 7.25 1999 - 2016 percent Daily



Last
Argentina 130.51 Dec/16
Ghana 25.50 Nov/16
Malawi 24.00 Nov/16
Mozambique 23.25 Oct/16
Gambia 23.00 Aug/16
Venezuela 21.73 Sep/16
Haiti 20.00 Oct/16
Iran 20.00 Dec/16
Belarus 18.00 Oct/16
Angola 16.00 Nov/16
Zambia 15.50 Nov/16
Afghanistan 15.00 Oct/16
Azerbaijan 15.00 Nov/16
Mongolia 15.00 Oct/16
Yemen 15.00 Oct/16
Egypt 14.75 Nov/16
Sudan 14.20 Sep/16
Nigeria 14.00 Nov/16
Uganda 14.00 Oct/16
Ukraine 14.00 Dec/16
Brazil 13.75 Nov/16
Liberia 13.57 Jun/16
Djibouti 12.70 Dec/14
Guinea 12.50 Oct/16
Suriname 12.50 Dec/15
Seychelles 12.30 Sep/16
Kazakhstan 12.00 Nov/16
Tanzania 12.00 Oct/16
Tajikistan 11.00 Oct/16
Zimbabwe 10.71 Oct/16
Sierra Leone 10.50 Oct/16
Kenya 10.00 Nov/16
Lebanon 10.00 Oct/16
Myanmar 10.00 Oct/16
Russia 10.00 Oct/16
Sao Tome and Principe 10.00 Oct/16
Uruguay 9.25 Sep/16
Mauritania 9.00 Sep/16
Moldova 9.00 Oct/16
Uzbekistan 9.00 Oct/16
Burundi 8.85 Oct/16
Ecuador 8.71 Oct/16
Madagascar 8.30 Oct/16
Turkey 8.00 Nov/16
Colombia 7.75 Nov/16
Cape Verde 7.50 Oct/16
Congo 7.00 Oct/16
Lesotho 7.00 Sep/16
Maldives 7.00 Oct/16
Namibia 7.00 Dec/16
Nepal 7.00 Oct/16
South Africa 7.00 Nov/16
Sri Lanka 7.00 Nov/16
Swaziland 7.00 Nov/16
Bangladesh 6.75 Nov/16
Armenia 6.50 Nov/16
Georgia 6.50 Oct/16
Rwanda 6.50 Oct/16
Vietnam 6.50 Oct/16
India 6.25 Dec/16
Papua New Guinea 6.25 Oct/16
Bhutan 6.00 Oct/16
Pakistan 5.75 Nov/16
Botswana 5.50 Oct/16
Brunei 5.50 Oct/16
Dominican Republic 5.50 Nov/16
Honduras 5.50 Nov/16
Kyrgyzstan 5.50 Nov/16
Paraguay 5.50 Nov/16
Iceland 5.25 Oct/16
Mexico 5.25 Nov/16
Bosnia and Herzegovina 5.24 Sep/16
Ethiopia 5.00 Oct/16
Guyana 5.00 Sep/16
Jamaica 5.00 Sep/16
Indonesia 4.75 Nov/16
Trinidad and Tobago 4.75 Sep/16
Bahamas 4.50 Sep/16
Laos 4.50 Oct/16
Qatar 4.50 Oct/16
El Salvador 4.48 Jun/16
China 4.35 Nov/16
Peru 4.25 Nov/16
Tunisia 4.25 Oct/16
Algeria 4.00 Oct/16
Iraq 4.00 Oct/16
Macedonia 4.00 Oct/16
Mauritius 4.00 Nov/16
Serbia 4.00 Dec/16
Jordan 3.75 Oct/16
Benin 3.50 Oct/16
Burkina Faso 3.50 Oct/16
Chile 3.50 Nov/16
Guinea Bissau 3.50 Oct/16
Ivory Coast 3.50 Sep/16
Mali 3.50 Sep/16
Niger 3.50 Oct/16
Senegal 3.50 Sep/16
Togo 3.50 Sep/16
Barbados 3.33 Oct/16
Guatemala 3.00 Nov/16
Libya 3.00 Oct/16
Malaysia 3.00 Nov/16
Philippines 3.00 Nov/16
Belize 2.50 Aug/16
Croatia 2.50 Oct/16
Cameroon 2.45 Oct/16
Central African Republic 2.45 Oct/16
Chad 2.45 Oct/16
Equatorial Guinea 2.45 Oct/16
Gabon 2.45 Oct/16
Republic of the Congo 2.45 Oct/16
Cuba 2.25 Nov/16
Kuwait 2.25 Oct/16
Morocco 2.25 Oct/16
Saudi Arabia 2.00 Oct/16
Bolivia 1.96 Sep/16
Costa Rica 1.75 Oct/16
New Zealand 1.75 Nov/16
Romania 1.75 Nov/16
Australia 1.50 Dec/16
Poland 1.50 Dec/16
Thailand 1.50 Nov/16
Cambodia 1.45 Sep/16
Taiwan 1.38 Oct/16
Albania 1.25 Nov/16
South Korea 1.25 Nov/16
United Arab Emirates 1.25 Oct/16
Comoros 1.16 Oct/16
Oman 1.00 Oct/16
Hungary 0.90 Nov/16
Bahrain 0.75 Nov/16
Hong Kong 0.75 Oct/16
Macau 0.75 Oct/16
Panama 0.54 Sep/16
Canada 0.50 Dec/16
Fiji 0.50 Nov/16
Norway 0.50 Oct/16
United States 0.50 Nov/16
New Caledonia 0.25 Oct/16
United Kingdom 0.25 Nov/16
Israel 0.10 Nov/16
Singapore 0.07 Oct/16
Czech Republic 0.05 Nov/16
Austria 0.00 Dec/16
Belgium 0.00 Dec/16
Bulgaria 0.00 Dec/16
Cyprus 0.00 Dec/16
Estonia 0.00 Dec/16
Euro Area 0.00 Dec/16
Finland 0.00 Dec/16
France 0.00 Dec/16
Germany 0.00 Dec/16
Greece 0.00 Dec/16
Ireland 0.00 Dec/16
Italy 0.00 Dec/16
Latvia 0.00 Dec/16
Lithuania 0.00 Dec/16
Luxembourg 0.00 Dec/16
Malta 0.00 Dec/16
Netherlands 0.00 Dec/16
Portugal 0.00 Dec/16
Slovakia 0.00 Dec/16
Slovenia 0.00 Dec/16
Spain 0.00 Dec/16
Japan -0.10 Nov/16
Sweden -0.50 Oct/16
Denmark -0.65 Oct/16
Switzerland -0.75 Oct/16