Brazil Interest Rate

The benchmark interest rate in Brazil was last recorded at 11 percent. Interest Rate in Brazil averaged 15.91 Percent from 1999 until 2014, reaching an all time high of 45.00 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.

   
 
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Brazil Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
11.00 11.00 45.00 7.25 1999 - 2014 Percent Monthly
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 Holds Rate at 11%


At its July meeting, Central Bank of Brazil decided to leave its key selic rate on hold at 11 percent, amid weak growth and after inflation hit the upper limit target range.

After raising the selic rate nine times since April of 2013, the central bank decided to leave the selic rate unchanged for the second straight meeting, as the current policy stance is considered appropriate to bring the annual inflation rate back to the target range (4.5 percent plus or minus 2 percent).

In June, the inflation rate accelerated for the fifth straight month to 6.52 percent from 6.37 percent in May. However, on a monthly basis, consumer prices rose 0.4 percent, the lowest rate in nine months.

The central bank said the decision was unanimous.

Joana Taborda | joana.taborda@tradingeconomics.com
7/17/2014 12:23:06 AM


Recent Releases

Brazil Leaves Monetary Policy Unchanged
At its two-day meeting ended on May 28th, 2014, the Central Bank of Brazil decided to leave the Selic rate on hold at 11 percent following last month’s hike, as the pace of price increases is slowing and the economy remains fragile. Published on 2014-05-29

Brazil Raises Selic Rate to 11%
At its April 2nd, 2014 meeting, the Central Bank of Brazil raised the benchmark interest rate by 25 bps to 11 percent, as widely expected, after a surge in food prices. Published on 2014-04-03


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-02-26 11:00 PM Brazil
Interest Rate Decision
10.75% 10.5% 10.75% 10.75%
2014-04-03 12:00 AM Brazil
Interest Rate Decision
11.0% 10.75% 11.0% 11.0%
2014-05-29 01:00 AM Brazil
Interest Rate Decision
11.0% 11.0% 11% 11%
2014-07-17 12:15 AM Brazil
Interest Rate Decision
11% 11.0% 11% 11%
2014-09-03 07:00 PM Brazil
Interest Rate Decision
11% 10.75%


Money Last Previous Highest Lowest Unit
Interest Rate 11.00 11.00 45.00 7.25 Percent [+]
Money Supply M0 222858.60 214771.86 249509.78 0.00 BRL Million [+]
Money Supply M1 305351.37 303210.54 344842.52 0.00 BRL Million [+]
Money Supply M2 1979396.98 1976431.28 1979396.98 0.01 BRL Million [+]
Money Supply M3 3945538.48 3908609.83 3945538.48 0.01 BRL Million [+]
Foreign Exchange Reserves 373516.00 368752.00 378725.70 1187.00 USD Million [+]
Loans to Private Sector 2636119.00 2610122.00 2636119.00 0.01 BRL Million [+]





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