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

The Central Bank of Brazil kept its key interest rate on hold at 14.25 percent for the seventh straight meeting on June 8th, as policymakers struggle to bring inflation back to target amid a deepening economic recession. The decision was unanimous. Interest Rate in Brazil averaged 15.66 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. Interest Rate in Brazil is reported by the Banco Central do Brasil.

Brazil Interest Rate
Receive the next reported value for Brazil Interest Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
14.25 14.25 45.00 7.25 1999 - 2016 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. Brazil Interest Rate - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-02 10:30 PM Interest Rate Decision 14.25% 14.25% 14.25% 14.25%
2016-04-27 10:30 PM Interest Rate Decision 14.25% 14.25% 14.25% 14.25%
2016-06-08 11:00 PM Interest Rate Decision 14.25% 14.25% 14.25% 14.25%
2016-07-20 10:30 PM Interest Rate Decision 14.25% 14.25%
2016-08-31 10:30 PM Interest Rate Decision 14.25%
2016-10-19 10:30 PM Interest Rate Decision 14.25%

Brazil Leaves SELIC Rate at 14.25%


The Central Bank of Brazil kept its key interest rate on hold at 14.25 percent for the seventh straight meeting on June 8th, as policymakers struggle to bring inflation back to target amid a deepening economic recession. The decision was unanimous.

Although inflation rate slowed recently from the 12-year high of 10.71 percent reached in January, it remained well above the central bank's mid-point target of 4.5 percent, lowering the possibilities for interest rate cuts in the short-term while local producers and consumers struggle with high rates and rising loan defaults.

Meanwhile, latest data showed the economy contracted for the eight consecutive period in the first quarter of 2016, falling by 5.4 percent year-on-year, as investment and consumption continued to shrink.

The forecast for the SELIC rate at end-2016 is 12.88 percent, with the prediction for next year at 11.25 percent, according to the latest FOCUS Market Readout released by the central bank on June 3rd. Inflation expectations reached 7.12 percent for 2016 and 5.50 percent for 2017 while the economy is expected to contract by 3.71 percent in 2016 and to grow by 0.85% next year.

Joana Ferreira | joana.ferreira@tradingeconomics.com
6/9/2016 12:07:57 AM

Brazil Money Last Previous Highest Lowest Unit
Interest Rate 14.25 14.25 45.00 7.25 percent [+]
Cash Reserve Ratio 45.00 45.00 100.00 42.00 percent [+]
Money Supply M0 239965.62 242142.59 263528.52 0.00 BRL Million [+]
Money Supply M1 298155.95 299326.48 351148.12 0.00 BRL Million [+]
Money Supply M2 2239113.82 2249284.08 2271475.15 0.01 BRL Million [+]
Money Supply M3 4887331.33 4867936.00 4887331.33 0.01 BRL Million [+]
Foreign Exchange Reserves 363447.00 362201.00 379156.50 1187.00 USD Million [+]
Banks Balance Sheet 5969633.84 5978463.45 5978463.45 1174638.00 BRL Million [+]
Loans to Private Sector 839458.00 841793.00 875283.00 169316.00 BRL Million [+]
Deposit Interest Rate 10.02 7.81 9394.29 7.81 percent [+]
Loan Growth 0.10 -0.60 3.68 -0.70 percent [+]
Central Bank Balance Sheet 2899008943.00 2862881555.00 2899008943.00 6.40 BRL Thousand [+]




Last
Argentina 30.75 Jun/16
Malawi 27.00 May/16
Ghana 26.00 May/16
Gambia 23.00 May/16
Belarus 22.00 May/16
Venezuela 21.07 Apr/16
Iran 21.00 May/15
Haiti 20.00 May/16
Ukraine 16.50 Jun/16
Zambia 15.50 May/16
Afghanistan 15.00 May/16
Kazakhstan 15.00 Jun/16
Uganda 15.00 Jun/16
Yemen 15.00 May/16
Brazil 14.25 Jun/16
Mozambique 14.25 Jun/16
Angola 14.00 May/16
Liberia 13.55 Mar/16
Moldova 13.00 Jun/16
Djibouti 12.70 Dec/14
Guinea 12.50 May/16
Sudan 12.40 Dec/15
Suriname 12.28 Dec/14
Seychelles 12.27 Apr/16
Nigeria 12.00 May/16
Tanzania 12.00 Feb/16
Egypt 11.75 Jun/16
Zimbabwe 11.44 Mar/16
Kenya 10.50 May/16
Mongolia 10.50 May/16
Russia 10.50 Jun/16
Lebanon 10.00 May/16
Myanmar 10.00 May/16
Sao Tome and Principe 10.00 Jun/16
Burundi 9.82 Dec/15
Sierra Leone 9.50 May/16
Uruguay 9.25 May/16
Mauritania 9.00 May/16
Tajikistan 9.00 May/16
Uzbekistan 9.00 May/16
Ecuador 8.89 May/16
Madagascar 8.30 May/16
Armenia 7.50 Jun/16
Cape Verde 7.50 May/16
Colombia 7.50 Jun/16
Turkey 7.50 Jun/16
Azerbaijan 7.00 May/16
Georgia 7.00 Jun/16
Maldives 7.00 May/16
Namibia 7.00 Jun/16
Nepal 7.00 May/16
South Africa 7.00 May/16
Swaziland 7.00 Jun/16
Bangladesh 6.75 May/16
India 6.50 Jun/16
Indonesia 6.50 Jun/16
Rwanda 6.50 Jun/16
Sri Lanka 6.50 Jun/16
Vietnam 6.50 May/16
Lesotho 6.49 Dec/15
Papua New Guinea 6.25 May/16
Bhutan 6.00 May/16
Botswana 6.00 Jun/16
Iraq 6.00 May/16
Kyrgyzstan 6.00 Jun/16
Honduras 5.75 May/16
Iceland 5.75 Jun/16
Pakistan 5.75 May/16
Paraguay 5.75 Jun/16
Brunei 5.50 May/16
Bosnia and Herzegovina 5.24 Apr/16
Dominican Republic 5.00 May/16
Ethiopia 5.00 May/16
Guyana 5.00 May/16
Jamaica 5.00 May/16
Trinidad and Tobago 4.75 May/16
Bahamas 4.50 Apr/16
Laos 4.50 May/16
Qatar 4.50 May/16
Mauritius 4.40 May/16
China 4.35 May/16
El Salvador 4.33 Apr/16
Mexico 4.25 Jun/16
Peru 4.25 Jun/16
Serbia 4.25 Jun/16
Tunisia 4.25 May/16
Algeria 4.00 May/16
Jordan 3.75 May/16
Benin 3.50 May/16
Burkina Faso 3.50 May/16
Chile 3.50 Jun/16
Guinea Bissau 3.50 May/16
Ivory Coast 3.50 May/16
Mali 3.50 May/16
Niger 3.50 May/16
Senegal 3.50 May/16
Togo 3.50 May/16
Barbados 3.48 May/16
Macedonia 3.25 Apr/16
Malaysia 3.25 May/16
Guatemala 3.00 May/16
Libya 3.00 May/16
Philippines 3.00 Jun/16
Belize 2.50 Apr/16
Croatia 2.50 May/16
Cameroon 2.45 May/16
Central African Republic 2.45 May/16
Chad 2.45 May/16
Equatorial Guinea 2.45 May/16
Gabon 2.45 May/16
Republic of the Congo 2.45 May/16
Cuba 2.25 May/16
Kuwait 2.25 Apr/16
Morocco 2.25 Jun/16
New Zealand 2.25 Jun/16
Congo 2.00 May/16
Saudi Arabia 2.00 May/16
Bolivia 1.89 Apr/16
Australia 1.75 Jun/16
Costa Rica 1.75 May/16
Romania 1.75 Jun/16
Poland 1.50 Jun/16
Thailand 1.50 Jun/16
Cambodia 1.42 Mar/16
Taiwan 1.38 Jun/16
Albania 1.25 May/16
South Korea 1.25 Jun/16
United Arab Emirates 1.25 May/16
Comoros 1.16 Apr/16
Hungary 0.90 Jun/16
Bahrain 0.75 May/16
Hong Kong 0.75 May/16
Macau 0.75 May/16
Canada 0.50 May/16
Fiji 0.50 May/16
Norway 0.50 Jun/16
United Kingdom 0.50 Jun/16
United States 0.50 Jun/16
Panama 0.49 Apr/16
New Caledonia 0.30 May/16
Singapore 0.23 May/16
Israel 0.10 Jun/16
Oman 0.10 May/16
Czech Republic 0.05 Jun/16
Austria 0.00 Jun/16
Belgium 0.00 Jun/16
Bulgaria 0.00 Jun/16
Cyprus 0.00 Jun/16
Estonia 0.00 Jun/16
Euro Area 0.00 Jun/16
Finland 0.00 Jun/16
France 0.00 Jun/16
Germany 0.00 Jun/16
Greece 0.00 Jun/16
Ireland 0.00 Jun/16
Italy 0.00 Jun/16
Latvia 0.00 Jun/16
Lithuania 0.00 Jun/16
Luxembourg 0.00 Jun/16
Malta 0.00 Jun/16
Netherlands 0.00 Jun/16
Portugal 0.00 Jun/16
Slovakia 0.00 Jun/16
Slovenia 0.00 Jun/16
Spain 0.00 Jun/16
Japan -0.10 Jun/16
Sweden -0.50 May/16
Denmark -0.65 May/16
Switzerland -0.75 Jun/16