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Brazil Interest Rate
Last Release
Jun 18, 2025
Actual
15
Units In
%
Previous
14.75
Frequency
Daily
Next Release
Jul 30, 2025
Time to Release
1 Months 9 Days 8 Hours
Highest | Lowest | Average | Date Range | Source |
45 Mar 1999 | 2 Aug 2020 | 13.85 % | 1999-2025 | 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 hiked its Selic rate by 25bps to 15% at its June meeting, citing persistent inflation and unanchored expectations. The Board highlighted a highly uncertain external environment, driven by US trade and fiscal policies and volatile global financial markets, which continue to weigh on emerging economies. Domestically, while economic activity and the labor market remain resilient, recent data show headline and core inflation above target, with expectations for 2025 and 2026 also exceeding the goal. Copom’s projection for 2026 inflation stands at 3.6%, reflecting ongoing inflationary risks, including strong services inflation, policy-driven exchange rate pressures, and unanchored long-term expectations. The committee signaled this may be the last hike in the current cycle, pending a reassessment of the lagging effects of past tightening. However, Copom emphasized its readiness to adjust policy further if inflation does not converge toward target.
Brazil Interest Rate History
Last 12 readings