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

The central bank of Brazil left its benchmark SELIC rate on hold at 14.25 percent on August 31st 2016. Policymakers said the inflation has been easing at a slower pace than expected although there is evidence the economy has stabilized and signs of a possible gradual recovery. Interest Rate in Brazil averaged 15.65 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-08 11:00 PM Interest Rate Decision 14.25% 14.25% 14.25% 14.25%
2016-07-20 09:00 PM Interest Rate Decision 14.25% 14.25% 14.25% 14.25%
2016-08-31 09:00 PM Interest Rate Decision 14.25% 14.25% 14.25% 14.25%
2016-10-19 10:30 PM Interest Rate Decision 14.25% 14.25%
2016-11-30 10:30 PM Interest Rate Decision 14%

Brazil Leaves Key Rate at 14.25%


The central bank of Brazil left its benchmark SELIC rate on hold at 14.25 percent on August 31st 2016. Policymakers said the inflation has been easing at a slower pace than expected although there is evidence the economy has stabilized and signs of a possible gradual recovery.

 The decision was widely expected by markets.
 
The key rate was left unchanged at a ten-year high for the ninth consecutive time as the central bank struggles to curb high inflation amid a severe contraction. The economy shrank 0.6 percent on quarter in the three months to June of 2016, sixth straight quarter of contraction although investment rose for the first time in nearly three years. Meanwhile, the inflation rate eased for the second month to 8.74 percent in July, reaching the lowest since May of 2015.
 
Policymakers expect the inflation to be around 7.3 percent this year, well above the mid-point target of 4.5 percent and due to food prices. 

Joana Taborda | joana.taborda@tradingeconomics.com
8/31/2016 10:29:31 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 235768.70 240845.33 263528.52 0.00 BRL Million [+]
Money Supply M1 297238.05 297927.79 351148.12 0.00 BRL Million [+]
Money Supply M2 2267313.09 2259581.37 2271475.15 0.01 BRL Million [+]
Money Supply M3 5004754.89 4951042.71 5004754.89 0.01 BRL Million [+]
Foreign Exchange Reserves 369541.00 369340.00 379156.50 1187.00 USD Million [+]
Banks Balance Sheet 5822292.85 5787044.47 5978463.45 1174638.00 BRL Million [+]
Loans to Private Sector 828454.00 830234.00 875283.00 169316.00 BRL Million [+]
Deposit Interest Rate 12.62 10.02 9394.29 7.81 percent [+]
Loan Growth 0.00 -0.40 3.68 -0.70 percent [+]
Central Bank Balance Sheet 2829222138.00 2899008943.00 2899008943.00 6.40 BRL Thousand [+]




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