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Brazil Interest Rate

Last Release
May 2020
Actual
3 %
Forecast
2.25 %
Previous
3.75 %
Frequency
Daily
Units In
%
Next Release
Jun 17, 2020
Time to Release
13 Days 18 Hours
Highest
Lowest
Average
Date Range
Source
45 %
Mar 1999
3 %
May 2020
14.6 %1999 - 2020N/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 50 bps to 4.50 percent during its December meeting. It was the fourth consecutive rate cut bringing borrowing costs to its lowest on record, amid the global economic slowdown and a recovery in the domestic economy. Policymakers said that the the current stage of the business cycle needs caution in the conduct of monetary policy and added that next decisions will be data dependent.

Brazil Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Dec 12, 201909:56Brazil Trims Interest Rate for 4th Straight Meeting
Oct 31, 201911:29Brazil Trims Interest Rate for 3rd Straight Meeting
Sep 19, 201910:13Brazil Cuts Interest Rate to Fresh Record Low
Aug 1, 201907:47Brazil Unexpectedly Cuts Rate by 50 Bps
Jun 19, 201921:31Brazil Leaves Monetary Policy Unchanged
May 9, 201909:33Brazil Leaves Monetary Policy Unchanged
May 8, 201921:07Brazil Leaves Monetary Policy Unchanged
DATETIMEEVENTActual
Nov 5, 201911:00BCB Copom Meeting Minutes
Oct 30, 201921:00Interest Rate Decision5 %
Sep 24, 201911:00BCB Copom Meeting Minutes
Sep 18, 201921:15Interest Rate Decision5.5 %
Aug 6, 201911:00BCB Copom Meeting Minutes
Jul 31, 201921:15Interest Rate Decision6 %
Jun 19, 201921:30Interest Rate Decision6.5 %

A Look at the Markets

Educational Pieces on Marco Indicators

all education articles

Brazil money Indicators

All Brazil indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
6,782,615.15
Nov 2019
6,656,627.58
Oct 2019
4,596.15
Aug 2012
6,782,615.15
Nov 2019
BRL MillionMonthly2000 - 2019
Cash Reserve Ratio
21
May 2020
21
Apr 2020
21
Dec 2018
100
Oct 1994
%Monthly1994 - 2020
Central Bank Balance Sheet
3,855,260,010
Mar 2020
3,477,860,068
Dec 2019
6.4
Dec 1987
3,855,260,010
Mar 2020
BRL ThousandMonthly1987 - 2020
Deposit Interest Rate
2.55
Apr 2020
3.14
Mar 2020
2.55
Apr 2020
54,180.08
Feb 1990
%Monthly1980 - 2020
Foreign Exchange Reserves
339,317
Apr 2020
343,165
Mar 2020
1,187
Dec 1970
388,092
Jun 2019
USD MillionMonthly1970 - 2020
Interest Rate
3
May 2020
3.75
Mar 2020
3
May 2020
45
Mar 1999
%Daily1999 - 2020

Interest Rate across South America

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Argentina
38
Apr 2020
38
Apr 2020
1.2
Mar 2004
1,389.88
Mar 1990
%Daily1979 - 2020
Bolivia
2.94
Apr 2020
4.1
Mar 2020
0.77
Apr 2010
28.51
Apr 1991
%Daily1990 - 2020
Brazil
3
May 2020
3.75
Mar 2020
3
May 2020
45
Mar 1999
%Daily1999 - 2020
Chile
0.5
May 2020
0.5
Mar 2020
0.5
Jun 2010
14
Oct 1998
%Daily1995 - 2020
Colombia
2.75
May 2020
3.25
Apr 2020
2.75
May 2020
32
Nov 1998
%Daily1998 - 2020
Ecuador
8.98
May 2020
8.4
Apr 2020
6.67
May 2018
72.6
Jan 2000
%Daily1970 - 2020

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