Brazil Interest Rate 1999-2015 | Data | Chart | Calendar | Forecast

The benchmark interest rate in Brazil was last recorded at 13.25 percent. Interest Rate in Brazil averaged 15.74 percent from 1999 until 2015, 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.

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Brazil Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
13.25 12.75 45.00 7.25 1999 - 2015 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. Content for - Brazil Interest Rate - was last refreshed on Tuesday, May 26, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-01-21 09:30 PM 12.25% 11.75% 12.25% 12.25%
2015-03-04 11:05 PM 12.75% 12.25% 12.75% 12.75%
2015-04-29 11:50 PM 13.25% 12.75% 13.25% 13%
2015-06-03 10:00 PM 13.25% 13.25%
2015-07-29 10:00 PM 13.25%
2015-09-02 10:00 PM 13%


Brazil Raises Interest Rate to 6-Year High


Brazil increased its key interest rate by 50bps to 13.25 percent on April 29th. It is the fifth consecutive hike, bringing the rate to its highest level since 2009.

The decision was quite expected by markets as inflation hit a twelve-year high of 8.13 percent in March.

Rate hike campaign was initiated last September when inflation reached the upper-limit of official target range of 6.5 percent. The central bank raised the Selic rate by 225 basis points since then in an attempt to convince markets it is committed to bring inflation back to target.

Yet, tighten monetary policy may hurt the economy further. The GDP contracted for the third straight quarter by an annual 0.2 percent in the last three months of 2014.

So far, industrial production fell 0.9 percent mom in February, retail sales shrank 0.1 percent and unemployment rate was reported at 6.2 percent in March, the highest in three years.

Joana Taborda | joana.taborda@tradingeconomics.com
5/11/2015 5:09:37 PM


Recent Releases

Brazil Hikes Key Interest Rate to 12.75%
Brazil’s central bank raised the Selic rate to a six-year high of 12.75 percent on March 4th. The decision was widely expected in a wake of stubbornly high inflation. Published on 2015-03-05

Brazil Raises SELIC Rate to 12.25%
Brazil increased its key interest rate by 50bps to 12.25% on January 21st. It is the third consecutive hike, aiming to curb stubbornly high inflation and bringing the rate to its highest level since mid-2011. Published on 2015-01-21


Brazil Money Last Previous Highest Lowest Unit
Interest Rate 13.25 12.75 45.00 7.25 percent [+]
Money Supply M0 235020.11 240656.35 263528.52 0.00 BRL Million [+]
Money Supply M1 305618.93 314336.06 351148.12 0.00 BRL Million [+]
Money Supply M2 2126109.91 2127389.59 2139997.96 0.01 BRL Million [+]
Money Supply M3 4369409.12 4343800.06 4369409.12 0.01 BRL Million [+]
Foreign Exchange Reserves 364473.00 362744.00 379156.50 1187.00 USD Million [+]
Loans to Private Sector 2839970.00 2810210.00 2839970.00 0.00 BRL Million [+]
Banks Balance Sheet 5300035.30 5082620.00 5300035.30 1174638.00 BRL Million [+]
Cash Reserve Ratio 45.00 45.00 100.00 42.00 Percent [+]
Central Bank Balance Sheet 2319105799.00 2438774257.00 2438774257.00 6.40 BRL Thousand [+]
Loan Growth 1.20 0.46 2.06 -0.16 percent [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 May/15 2.25 17.50 2.25 percent [+]
Brazil 13.25 Apr/15 12.75 45.00 7.25 percent [+]
Canada 0.75 Apr/15 0.75 16.00 0.25 percent [+]
China 5.10 May/15 5.35 10.98 5.31 percent [+]
Euro Area 0.05 Apr/15 0.05 4.75 0.05 percent [+]
France 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Apr/15 0.05 4.75 0.05 percent [+]
India 7.50 Apr/15 7.50 14.50 4.25 percent [+]
Indonesia 7.50 May/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Japan 0.00 May/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Apr/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Russia 12.50 Apr/15 14.00 17.00 5.00 percent [+]
South Korea 1.75 May/15 1.75 5.25 1.75 percent [+]
Spain 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Apr/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 May/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 May/15 0.50 17.00 0.50 percent [+]
United States 0.25 Apr/15 0.25 20.00 0.25 percent [+]