Brazil Interest Rate 1999-2014 | Data | Chart | Calendar | Forecast

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. Content for - Brazil Interest Rate - was last refreshed on Thursday, August 28, 2014.


Brazil Cuts Reserve Requirement to Boost Credit


Brazil’s central bank decided on August 20th to cut reserve requirements on term deposits, aiming to increase lending to the economy.

The central bank said it will allow financial institutions to use up to 60 percent of their reserve requirements on term deposits to either make new loans or acquire loan portfolios from other banks. 

The measure is expected to channel around BRL 10 billion (USD 4.5 billion) into credit and follows a similar step taken by the central bank in July that freed up BRL 30 billion (USD 13.6 billion). 

Joana Taborda | joana.taborda@tradingeconomics.com
8/20/2014 2:47:07 PM


Recent Releases

Brazil Increases Credit Supply
Brazil’s central bank announced a series of liquidity and credit boosting measures on July 25th that would inject nearly BRL30 billion (USD13.63 billion) into the economy. Published on 2014-07-26

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. Published on 2014-07-17


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% 11%


Money Last Previous Highest Lowest Unit
Interest Rate 11.00 11.00 45.00 7.25 Percent [+]
Money Supply M0 223594.69 222858.60 249509.78 0.00 BRL Million [+]
Money Supply M1 301817.26 305351.37 344842.52 0.00 BRL Million [+]
Money Supply M2 2024674.56 2007085.81 2007085.81 0.01 BRL Million [+]
Money Supply M3 4051497.85 3986136.34 3986136.34 0.01 BRL Million [+]
Foreign Exchange Reserves 376792.00 373516.00 378725.70 1187.00 USD Million [+]
Loans to Private Sector 2660530.00 2659106.00 2660530.00 0.00 BRL Million [+]
Central Bank Balance Sheet 1960729450.00 1943730414.00 1960729450.00 6.40 BRL Thousand [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Aug/14 2.50 17.50 2.50 Percent [+]
Brazil 11.00 Jul/14 11.00 45.00 7.25 Percent [+]
Canada 1.00 Jul/14 1.00 16.00 0.25 Percent [+]
China 6.00 Jul/14 6.00 10.98 5.31 Percent [+]
Euro Area 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
France 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
Germany 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
India 8.00 Aug/14 8.00 14.50 4.25 Percent [+]
Indonesia 7.50 Aug/14 7.50 12.75 5.75 Percent [+]
Italy 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
Japan 0.00 Aug/14 0.00 9.00 0.00 Percent [+]
Mexico 3.00 Jul/14 3.00 9.25 3.00 Percent [+]
Netherlands 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
Russia 8.00 Jul/14 7.50 10.50 5.00 Percent [+]
South Korea 2.25 Aug/14 2.50 5.25 2.00 Percent [+]
Spain 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
Switzerland 0.00 Jul/14 0.00 3.50 0.00 Percent [+]
Turkey 8.25 Aug/14 8.25 500.00 4.50 Percent [+]
United Kingdom 0.50 Aug/14 0.50 17.00 0.50 Percent [+]
United States 0.25 Jul/14 0.25 20.00 0.25 Percent [+]





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