Brazil Interest Rate
Last Release
Sep 2019
Actual
5.5 %
Forecast
5 %
Previous
6 %
Frequency
Daily
Units In
%
Next Release
Oct 30, 2019
Time to Release
7 Days 11 Hours
Scroll for more details
Highest | Lowest | Average | Date Range | Source |
45 %} Mar 1999 | 5.5 % Sep 2019 | 14.82 % | 1999 - 2019 | N/A |
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.
Latest Updates
The Central Bank of Brazil voted unanimously to trim its key Selic rate by 50bps to 5.50 percent during its September meeting, as widely expected. It is the second consecutive rate cut bringing borrowing costs to its lowest on record, amid the global economic slowdown and as key domestic reforms continue to move forward.
Brazil Interest Rate History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Sep 19, 2019 | 10:13 | Brazil Cuts Interest Rate to Fresh Record Low |
| Aug 1, 2019 | 07:47 | Brazil Unexpectedly Cuts Rate by 50 Bps |
| Jun 19, 2019 | 21:31 | Brazil Leaves Monetary Policy Unchanged |
| May 9, 2019 | 09:33 | Brazil Leaves Monetary Policy Unchanged |
| May 8, 2019 | 21:07 | Brazil Leaves Monetary Policy Unchanged |
| Mar 21, 2019 | 10:28 | Brazil Leaves Monetary Policy Unchanged |
Calendar
ECONOMIC CALENDAR| DATE | TIME | EVENT |
|---|---|---|
| Sep 24, 2019 | 11:00 | BCB Copom Meeting Minutes |
| Sep 18, 2019 | 21:15 | Interest Rate Decision |
| Aug 6, 2019 | 11:00 | BCB Copom Meeting Minutes |
| Jul 31, 2019 | 21:15 | Interest Rate Decision |
| Jun 19, 2019 | 21:30 | Interest Rate Decision |
A Look at the Markets
Educational Pieces on Marco Indicators
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Brazil money Indicators
All Brazil indicatorsScroll for more details
Indicator | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Banks Balance Sheet | 6,463,515.78 Jul 2019 | 6,486,171.71 Jun 2019 | 4,596.15 Aug 2012 | 6,486,171.71 Jun 2019 | BRL Million | Monthly | 2000 - 2019 |
| Cash Reserve Ratio | 21 Sep 2019 | 21 Aug 2019 | 21 Dec 2018 | 100 Oct 1994 | % | Monthly | 1994 - 2019 |
| Central Bank Balance Sheet | 3,550,247,451 Aug 2019 | 3,375,448,555 Jul 2019 | 6.4 Dec 1987 | 3,556,330,975 Jun 2019 | BRL Thousand | Monthly | 1987 - 2019 |
| Deposit Interest Rate | 5.14 Jul 2019 | 5.93 Jun 2019 | 5.14 Jul 2019 | 54,180.08 Feb 1990 | % | Monthly | 1980 - 2019 |
| Foreign Exchange Reserves | 376,434 Sep 2019 | 386,478 Aug 2019 | 1,187 Dec 1970 | 388,092 Jun 2019 | USD Million | Monthly | 1970 - 2019 |
| Interest Rate | 5.5 Sep 2019 | 6 Aug 2019 | 5.5 Sep 2019 | 45 Mar 1999 | % | Daily | 1999 - 2019 |
Interest Rate across South America
Interest Rate global viewScroll for more details
Country | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Argentina | 68 Oct 2019 | 68 Oct 2019 | 1.2 Mar 2004 | 1,389.88 Mar 1990 | % | Daily | 1979 - 2019 |
| Bolivia | 3.36 Aug 2019 | 3.04 Jul 2019 | 0.77 Apr 2010 | 28.51 Apr 1991 | % | Daily | 1990 - 2019 |
| Brazil | 5.5 Sep 2019 | 6 Aug 2019 | 5.5 Sep 2019 | 45 Mar 1999 | % | Daily | 1999 - 2019 |
| Chile | 2 Sep 2019 | 2.5 Aug 2019 | 0.5 Jun 2010 | 14 Oct 1998 | % | Daily | 1995 - 2019 |
| Colombia | 4.25 Sep 2019 | 4.25 Aug 2019 | 3 Oct 2010 | 32 Nov 1998 | % | Daily | 1998 - 2019 |
| Ecuador | 8.65 Sep 2019 | 8.74 Aug 2019 | 6.67 May 2018 | 72.6 Jan 2000 | % | Daily | 1970 - 2019 |