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 Wednesday, August 20, 2014.

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.

The goal is to increase the amount available to banks for lending so they can lower their interest rates, finance spending by companies and households and help boost the slowing Brazilian economy.

The central bank said compulsory bank reserves had risen from 194 billion reais ($88.18 billion) at the end of 2009 to 405 billion reais ($184.09 billion) at present, and that some of that money could be freed up to boost liquidity.

To increase the amount of available funds for lending, the central bank will allow financial institutions to use up to 50 percent of their reserve requirements on term deposits to either make new loans or acquire loan portfolios from other banks.

The central bank also increased – from 58 to 134 – the number of banks that can use up to 20 percent of their reserve requirements on loans to finance capital-goods investment.

It also eased minimum capital requirements for loans.
7/26/2014 5:37:18 PM

Recent Releases

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

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

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 2007085.81 1979396.98 2007085.81 0.01 BRL Million [+]
Money Supply M3 3986136.34 3945538.48 3986136.34 0.01 BRL Million [+]
Foreign Exchange Reserves 376792.00 373516.00 378725.70 1187.00 USD Million [+]
Loans to Private Sector 2659106.00 2636129.00 2659106.00 0.00 BRL Million [+]
Central Bank Balance Sheet 1960729450.00 1943730414.00 1960729450.00 6.40 BRL Thousand [+]

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