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.

   
 
 

Brazil Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
11.00 11.00 45.00 7.25 1999 - 2014 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, October 21, 2014.


Brazil Leaves Monetary Policy Unchanged


At its September meeting, Central Bank of Brazil decided to leave its key selic rate steady at 11 percent as widely expected.

Policymakers left the benchmark interest rate on hold for the third straight meeting, as previous monetary tightening is believed to drag inflation down. The central bank raised the selic rate nine times from April of 2013 to April of 2014 aiming to curb high inflation amid weak growth. 

The economy contracted 0.6 percent in the second quarter of 2014, hurt by a fall in investment and government expenditure, but the annual inflation rate slowed for the first time in six months to 6.5 percent in July due to lower transport cost.

The central bank said the decision was unanimous.

Joana Taborda | joana.taborda@tradingeconomics.com
9/3/2014 11:48:35 PM


Recent Releases

Brazil Cuts Reserve Requirement to Boost Credit
Brazil’s central bank decided on August 20th to cut reserve requirements on term deposits, aiming to increase lending to the economy. Published on 2014-08-20

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. Published on 2014-07-26


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 11:30 PM Brazil
Interest Rate Decision
11% 11% 11% 11%
2014-10-29 07:00 PM Brazil
Interest Rate Decision
11% 10.75%


Brazil Money Last Previous Highest Lowest Unit
Interest Rate 11.00 11.00 45.00 7.25 Percent [+]
Money Supply M0 231344.90 223594.69 249509.78 0.00 BRL Million [+]
Money Supply M1 301817.26 305351.37 344842.52 0.00 BRL Million [+]
Money Supply M2 2024674.56 2007085.81 2007085.81 0.01 BRL Million [+]
Money Supply M3 4051497.85 3986136.34 3986136.34 0.01 BRL Million [+]
Foreign Exchange Reserves 375513.00 379157.00 379157.00 1187.00 USD Million [+]
Loans to Private Sector 2687000.00 2660530.00 2687000.00 0.00 BRL Million [+]
Banks Balance Sheet 964.21 743.04 964.21 5.84 BRL Million [+]
Central Bank Balance Sheet 1948605967.00 1960729450.00 1960729450.00 6.40 BRL Thousand [+]