Brazil Interest Rate

Last Release
Jul 2019
Actual
6 %
Forecast
6 %
Previous
6.5 %
Frequency
Daily
Units In
%
Next Release
Sep 18, 2019
Time to Release
26 Days 10 Hours
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Highest
Lowest
Average
Date Range
Source
45 %
Mar 1999
6 %
Jul 2019
14.88 % 1999 - 2019N/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 lower its key Selic rate by 50bps to a record low of 6 percent during its July meeting, while markets had forecast a smaller 25bps cut. Policymakers said that the decision is consistent with the convergence of inflation to the target range and will continue to depend on the evolution of economic activity and the inflation outlook.

Brazil Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
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
Mar 21, 201910:28Brazil Leaves Monetary Policy Unchanged
DATETIMEEVENT
Aug 6, 201911:00BCB Copom Meeting Minutes
Jul 31, 201921:15Interest Rate Decision
Jun 19, 201921:30Interest Rate Decision

A Look at the Markets

Educational Pieces on Marco Indicators

all education articles

Brazil money Indicators

All Brazil indicators
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Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
6,413,995.2
May 2019
6,401,619.8
Apr 2019
1,174,638.7
Mar 2005
6,413,995.2
May 2019
BRL MillionMonthly2005 - 2019
Cash Reserve Ratio
21
Aug 2019
21
Jul 2019
21
Dec 2018
100
Oct 1994
%Monthly1994 - 2019
Central Bank Balance Sheet
3,553,065,374
May 2019
3,554,375,366
Apr 2019
6.4
Dec 1987
3,554,375,366
Apr 2019
BRL ThousandMonthly1987 - 2019
Deposit Interest Rate
6.19
Mar 2019
5.7
Feb 2019
5.66
Dec 2018
54,180.08
Feb 1990
%Monthly1980 - 2019
Foreign Exchange Reserves
385,730
Jul 2019
388,092
Jun 2019
1,187
Dec 1970
388,092
Jun 2019
USD MillionMonthly1970 - 2019
Interest Rate
6
Jul 2019
6.5
Jun 2019
6
Jul 2019
45
Mar 1999
%Daily1999 - 2019

Interest Rate across South America

Interest Rate global view
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Country
Last
Previous
Min
Max
Unit
Frequency
Range
Argentina
74.97
Aug 2019
74.96
Aug 2019
1.2
Mar 2004
1,389.88
Mar 1990
%Daily1979 - 2019
Bolivia
3.41
Jun 2019
3.65
May 2019
0.77
Apr 2010
28.51
Apr 1991
%Daily1990 - 2019
Brazil
6
Jul 2019
6.5
Jun 2019
6
Jul 2019
45
Mar 1999
%Daily1999 - 2019
Chile
2.5
Aug 2019
2.5
Jul 2019
0.5
Jun 2010
14
Oct 1998
%Daily1995 - 2019
Colombia
4.25
Jul 2019
4.25
Jun 2019
3
Oct 2010
32
Nov 1998
%Daily1998 - 2019
Ecuador
8.74
Aug 2019
8.26
Jul 2019
6.67
May 2018
72.6
Jan 2000
%Daily1970 - 2019
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