Brazil Interest Rate  1999-2017 | Data | Chart | Calendar | Forecast

The Central Bank of Brazil slashed its key Selic rate by 75 basis points to 7.50% percent on October 25th of 2017 following a 100-bps trim in September 6th of 2017. The cut, widely anticipated, was the ninth straight, bringing borrowing costs to the lowest since 2013 amid plunging inflation and a slow recovery. Consumer prices in Brazil increased 2.54 percent year-on-year in September of 2017, slightly higher than a 2.46 percent rise in August which was the lowest inflation rate since February of 1999. It compares with market expectations of 2.47 percent. It was the first rise in inflation rate since August of 2016 amid higher prices for transport. Interest Rate in Brazil averaged 15.45 percent from 1999 until 2017, reaching an all time high of 45 percent in March of 1999 and a record low of 7.25 percent in October of 2012.

Brazil Interest Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Brazil Slashes Key Rate By 75 Bps to 7.50%


The Central Bank of Brazil slashed unanimously its key Selic rate by 75 basis points to 7.50% percent on October 25th of 2017 following a 100-bps trim in September 6th of 2017. The cut, widely anticipated, was the ninth straight, bringing borrowing costs to the lowest since March 2013 amid plunging inflation and a slow recovery.

The statement underscored that the global outlook has been favorable; the baseline inflation scenario has evolved as expected and that expectations have adjusted downwardly; and the balance of risks involves risks in both directions, with possible second-round effects of the favorable food price shock and of low current levels of industrial goods mentioned in first place. Regarding the next meeting, the Copom views a moderate reduction of the pace of easing as appropriate.

The central bank started its easing cycle in October last year after the inflation rate eased from double digits. Inflation slowed faster than expected in the past seven months due to subdued economic activity and a stronger real. Consumer prices in Brazil increased 2.54 percent year-on-year in September of 2017, slightly higher than a 2.46 percent rise in August which was the lowest inflation rate since February of 1999. It compares with market expectations of 2.47 percent. It was the first rise in inflation rate since August of 2016 amid higher prices for transport.

The economic recovery is still taking longer than initially expected, albeit recent improvements seen lately. Industrial production increased 4 percent in August of 2017 over the same month in the previous year. It has remained on positive ground for four straight months. Meanwhile, the IBC-Br index of economic activity rose 1.5 percent year-on-year. Furthermore, considering the January to September period, car production grew 27 percent compared with the same period of 2016.

The median estimate in a central bank poll of economists currently (October 20th of 2017) points to growth of 0.73 percent in 2017 (vs 0.50 in the previous meeting) and 2.50 percent in 2018 (vs 2.00 percent). Analysts expect the Selic rate to end 2017 at 7.00 percent (vs 7.25 percent).

Mario | mario@tradingeconomics.com
10/25/2017 9:32:14 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-26 09:00 PM Interest Rate Decision 9.25% 10.25% 9.25% 9.25%
2017-09-06 09:00 PM Interest Rate Decision 8.25% 9.25% 8.25% 8.25%
2017-10-25 08:20 PM Interest Rate Decision 7.50% 8.25% 7.5% 7.5%
2017-12-06 08:20 PM Interest Rate Decision 7.50% 7.5%


Brazil Money Last Previous Highest Lowest Unit
Interest Rate 7.50 8.25 45.00 7.25 percent [+]
Cash Reserve Ratio 45.00 45.00 100.00 42.00 percent [+]
Money Supply M0 254453.34 262770.31 270287.15 0.00 BRL Million [+]
Money Supply M1 312697.82 314099.87 351148.12 0.00 BRL Million [+]
Money Supply M2 2431239.39 2415489.13 2431239.39 0.01 BRL Million [+]
Money Supply M3 5691033.14 5648501.39 5691033.14 0.01 BRL Million [+]
Foreign Exchange Reserves 380351.00 381244.00 381843.00 1187.00 USD Million [+]
Banks Balance Sheet 5783249.60 5715578.80 6004329.00 1174638.70 BRL Million [+]
Loans to Private Sector 729867.00 738345.00 875284.00 169316.00 BRL Million [+]
Deposit Interest Rate 12.40 12.62 9394.29 7.81 percent [+]
Loan Growth 0.10 0.00 3.68 -1.01 percent [+]
Central Bank Balance Sheet 3129268924.00 3111206070.00 3129268924.00 6.40 BRL Thousand [+]


Brazil Interest Rate

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. This page provides - Brazil Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Interest Rate - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
7.50 8.25 45.00 7.25 1999 - 2017 percent Daily




interest rate by Country
Country Last
Russia 8.25 Oct/17
Turkey 8.00 Oct/17
Brazil 7.50 Oct/17
Mexico 7.00 Nov/17
India 6.00 Oct/17
China 4.35 Oct/17
Indonesia 4.25 Nov/17
Australia 1.50 Nov/17
South Korea 1.25 Oct/17
United States 1.25 Nov/17
Canada 1.00 Oct/17
United Kingdom 0.50 Nov/17
Euro Area 0.00 Oct/17
France 0.00 Oct/17
Germany 0.00 Oct/17
Italy 0.00 Oct/17
Netherlands 0.00 Oct/17
Spain 0.00 Oct/17
Japan -0.10 Oct/17
Switzerland -0.75 Oct/17