The Central Bank of Brazil unanimously decided to keep its benchmark interest rate at an all-time low of 2.00 percent on September 16th 2020, as widely expected. Policymakers noted that inflation climbed to 2.44 percent in August from 2.31 percent nudged by prices of food and some services. The Committee said that recent indicators suggest a partial recovery in domestic economic activity, still sectors more directly affected by social distancing measures remain depressed despite the offsetting effects of the government transfer programs. Policymakers added that the uncertainty about economic growth remains larger than usual, especially for the period starting at the end of this year. The bank also said that the current economic conditions continue to recommend an unusually strong monetary stimulus but it recognised that due to prudential and financial stability reasons the remaining space for stimulus, if it exists, should be small.
Interest Rate in Brazil averaged 14.45 percent from 1999 until 2020, reaching an all time high of 45 percent in March of 1999 and a record low of 2 percent in August of 2020. This page provides - Brazil Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Banco Central do Brasil
Interest Rate in Brazil is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Brazil to stand at 2.25 in 12 months time. In the long-term, the Brazil Interest Rate is projected to trend around 2.50 percent in 2021 and 4.50 percent in 2022, according to our econometric models.