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

Brazil's central bank maintained its benchmark interest rate at 14.25 percent for the sixth consecutive time at its April 27th meeting, amid political uncertainties ahead of possible presidential impeachment in the next weeks and despite the latest slowdown in inflation rate. Policymakers also said that there is no room for monetary easing due to high inflation expectations. Interest Rate in Brazil averaged 15.68 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
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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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-01-20 10:30 PM Interest Rate Decision 14.25% 14.25% 14.75% 14.25%
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 10:30 PM Interest Rate Decision 14.25% 14.25%
2016-07-20 10:30 PM Interest Rate Decision 14.25%
2016-08-31 10:30 PM Interest Rate Decision 14.25%

Brazil Leaves Key Rate Unchanged at 14.25%


Brazil's central bank maintained its benchmark interest rate at 14.25 percent for the sixth consecutive time at its April 27th meeting, amid political uncertainties ahead of possible presidential impeachment in the next weeks and despite the latest slowdown in inflation rate. Policymakers also said that there is no room for monetary easing due to high inflation expectations.

The decision met market expectations, as central bank governor Alexandre Tombini and other board members warned that inflationary risks remain high and current scenario doesn't allow for a rate cut. 
  
Along with political instability, the economy stayed in recession for the seventh consecutive period in the last quarter of 2015, contracting by 5.9 percent year-on-year. The inflation rate slowed to 9.39 percent in March, reaching the lowest since June of 2015 but remained far above the 6.5 percent upper limit target.

The latest FOCUS Market Readout released on April 22nd by the Central Bank showed analysts from about 100 private financial institutions expect the economy to contract by 3.88 percent in 2016 and advance 0.3 percent in 2017. Annual inflation is expected to slow to 6.98 percent and industrial production to decline 5.8 percent.

Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/27/2016 11:52:13 PM

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 242529.93 252559.89 263528.52 0.00 BRL Million [+]
Money Supply M1 299190.19 305167.43 351148.12 0.00 BRL Million [+]
Money Supply M2 2249284.08 2245865.76 2271475.15 0.01 BRL Million [+]
Money Supply M3 4867936.00 4803194.94 4867936.00 0.01 BRL Million [+]
Foreign Exchange Reserves 357698.00 359368.00 379156.50 1187.00 USD Million [+]
Banks Balance Sheet 5978463.45 5517804.51 5978463.45 1174638.00 BRL Million [+]
Loans to Private Sector 847747.00 865152.00 875405.00 169316.00 BRL Million [+]
Deposit Interest Rate 10.02 7.81 9394.29 7.81 percent [+]
Loan Growth -0.70 -0.50 3.68 -0.70 percent [+]
Central Bank Balance Sheet 2856961071.00 2865889939.00 2865889939.00 6.40 BRL Thousand [+]




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