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

The central bank of Brazil left its benchmark interest rate unchanged at 14.25 percent at its January 20th meeting. The Selic rate was left on hold at a 9-year high for the fourth straight meeting, as policymakers struggle to curb rising inflation amid a deep contraction. Interest Rate in Brazil averaged 15.70 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.

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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-10-21 11:27 PM Interest Rate Decision 14.25% 14.25% 14.25% 14.25%
2015-11-25 10:00 PM Interest Rate Decision 14.25% 14.25% 14.25% 14.25%
2016-01-20 10:30 PM Interest Rate Decision 14.25% 14.25% 14.75% 14.25%
2016-03-04 11:05 PM Interest Rate Decision 14.25% 14.25%
2016-04-29 10:50 PM Interest Rate Decision 14.25%
2016-06-02 11:15 PM Interest Rate Decision 14.5%

Brazil Holds Key Rate at 14.25%


The central bank of Brazil left its benchmark interest rate unchanged at 14.25 percent at its January 20th meeting. The Selic rate was left on hold at a 9-year high for the fourth straight meeting, as policymakers struggle to curb rising inflation amid a deep contraction.

The decision was not a full surprise for markets after the central bank governor Alexandre Tombini said the IMF growth outlook cut would be taken into account in the monetary policy decision.

The IMF cut its GDP forecasts for Brazil by 2.5 percent to a 3.5 percent contraction in 2016 and stagnation in 2017. Yet, the economy stayed in contraction for the sixth consecutive period in the third quarter of 2015, shrinking an annual 4.5 percent. Meanwhile, the inflation rate rose to 10.67 percent in December, the highest in 12 years and far above the central bank’s upper limit target of 6.5 percent.

The latest FOCUS Market Readout released on January 8th by the Central Bank showed analysts from about 100 private financial institutions expect the economy to contract by 2.99 percent in 2016 and advance 0.86 percent in 2017. Annual inflation is expected to grow 6.93 percent and industrial production to decline by 3.45 percent, unveiling the worst economic performance since 1990.

Yekaterina Guchshina| yekaterina@tradingeconomics.com
1/20/2016 10:45:56 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 255288.92 242846.85 263528.52 0.00 BRL Million [+]
Money Supply M1 333678.82 310145.60 351148.12 0.00 BRL Million [+]
Money Supply M2 2271475.15 2213853.25 2271475.15 0.01 BRL Million [+]
Money Supply M3 4745410.82 4649847.67 4745410.82 0.01 BRL Million [+]
Foreign Exchange Reserves 356464.00 357016.00 379156.50 1187.00 USD Million [+]
Banks Balance Sheet 5978463.45 5517804.51 5978463.45 1174638.00 BRL Million [+]
Loans to Private Sector 875395.00 863430.00 875395.00 169316.00 BRL Million [+]
Deposit Interest Rate 10.02 7.81 9394.29 7.81 percent [+]
Loan Growth 1.30 0.80 3.68 -0.16 percent [+]
Central Bank Balance Sheet 2767020852.00 2757483260.00 2831032374.00 6.40 BRL Thousand [+]




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