Brazil's central bank on Wednesday announced its second interest rate hike in 2021, a 75-basis point increase to 3.5% and anticipated a similar rise in June to control inflation even as the economic recovery from the effects of the pandemic seems slower than estimated. Copom noted that despite an improved economic outlook, a worsening pandemic brought renewed uncertainty about the growth rate of the economy and the path of inflation. The Committee also emphasizes that its view for the next meeting will continue to depend on the evolution of economic activity, the balance of risks, and inflation projections and expectations. source: Banco Central do Brasil
Interest Rate in Brazil averaged 14.17 percent from 1999 until 2021, 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 May of 2021.
Interest Rate in Brazil is expected to be 3.50 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 5.50 in 12 months time. In the long-term, the Brazil Interest Rate is projected to trend around 6.00 percent in 2022 and 5.50 percent in 2023, according to our econometric models.