Brazil Interest Rate  1999-2017 | Data | Chart | Calendar | Forecast

The Central Bank of Brazil lowered its benchmark Selic rate by 75bps to 13 percent on January 11th 2017, beating market expectations of a 50bps cut. It is the third straight rate decline, bringing borrowing cost to the lowest since March of 2015 amid slowing inflation and a severe contraction. Interest Rate in Brazil averaged 15.62 percent from 1999 until 2017, 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)
2016-10-19 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%
2017-01-11 08:30 PM Interest Rate Decision 13% 13.75% 13.25% 13.25%
2017-02-22 08:30 PM Interest Rate Decision 13%
2017-04-12 07:30 PM Interest Rate Decision 12.5%
2017-05-31 07:30 PM Interest Rate Decision 12.25%




Brazil Cuts Key Rate to 13%


The Central Bank of Brazil lowered its benchmark Selic rate by 75bps to 13 percent on January 11th 2017, beating market expectations of a 50bps cut. It is the third straight rate decline, bringing borrowing cost to the lowest since March of 2015 amid slowing inflation and a severe contraction.

Policymakers said inflation has been lower expected. Yet, inflation for December came in at 6.29 percent, the lowest since April of 2014 and within the 4.5 percent to 6.5 percent target for 2016. The central bank also lowered expectations for 2017 to around 4 percent (from 4.4 percent) and to around 3.4 percent in 2018 (from 3.6 percent).

Policymakers added that evidence suggests economic recovery could take even longer and be more gradual than previously expected. Yet, the GDP shrank 0.8 percent in the third quarter of 2016, seventh straight contraction and the IBC-BR index of economic activity fell 0.48 percent month-over-month in October. The Markit manufacturing PMI fell to 45.2 in December from 46.2 in November, suggesting a steeper contraction in manufacturing.

Joana Taborda | joana.taborda@tradingeconomics.com
1/11/2017 9:02:50 PM



Brazil Money Last Previous Highest Lowest Unit
Interest Rate 13.00 13.75 45.00 7.25 percent [+]
Cash Reserve Ratio 45.00 45.00 100.00 42.00 percent [+]
Money Supply M0 270287.15 244919.98 270287.15 0.00 BRL Million [+]
Money Supply M1 346330.14 316113.50 351148.12 0.00 BRL Million [+]
Money Supply M2 2301913.27 2294049.97 2301913.27 0.01 BRL Million [+]
Money Supply M3 5147954.17 5148735.91 5148735.91 0.01 BRL Million [+]
Foreign Exchange Reserves 365016.00 365556.00 379156.50 1187.00 USD Million [+]
Banks Balance Sheet 5827193.45 5822292.85 5978463.45 1174638.00 BRL Million [+]
Loans to Private Sector 814239.00 814898.00 875283.00 169316.00 BRL Million [+]
Deposit Interest Rate 12.62 10.02 9394.29 7.81 percent [+]
Loan Growth 0.30 -0.50 3.68 -0.70 percent [+]
Central Bank Balance Sheet 2945102386.00 2926161554.00 2945102386.00 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
13.00 13.75 45.00 7.25 1999 - 2017 percent Daily



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