Brazil Interest Rate  1999-2018 | Data | Chart | Calendar | Forecast

The Central Bank of Brazil voted unanimously to hold its key Selic rate at 6.50 percent on September 19th 2018 as widely expected, keeping borrowing costs at the lowest level in modern history amid below-target inflation and slightly lower-than-expected growth in Q2. Interest Rate in Brazil averaged 15.17 percent from 1999 until 2018, reaching an all time high of 45 percent in March of 1999 and a record low of 6.50 percent in March of 2018.

Brazil Interest Rate
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Brazil Holds Interest Rate at 6.50%


The Central Bank of Brazil voted unanimously to hold its key Selic rate at 6.50 percent on September 19th 2018 as widely expected, keeping borrowing costs at the lowest level in modern history amid below-target inflation and slightly lower-than-expected growth in Q2.

Policymakers underscored the more gradual economic recovery pace than envisaged early this year. They also mentioned that the global outlook remains challenging, with reduction of risk appetite towards emerging economies. As for inflation risks, the board sees risks in both directions.

The central bank started its easing cycle in October of 2016 after the inflation rate eased from double digits. The annual inflation rate decreased to 4.19 percent in August 2018 from 4.48 percent in July and compared with market expectations of 4.3 percent. It was the lowest inflation rate since May, mainly due to slowing prices of transport and housing.

The economic recovery is still taking longer than initially expected, with recent data affected by strikes. GDP expanded 1.0 percent year-on-year in Q2, easing from a 1.2 percent rise in the previous quarter and missing market expectations of a 1.1 percent increase. It was the slowest expansion since the second quarter of 2017, as exports fell and household spending slowed triggered by May's truckers strike which paralyzed key sectors of the economy. 

The median estimate in the last central bank poll of economists (14 September 2018) currently points to growth of 1.36 percent for 2018 (vs 1.49 percent four weeks ago) and of 2.50 percent for 2019 (unchanged). Analysts expect the Selic rate to end 2018 at 6.50 percent (unchanged).


Mario | mario@tradingeconomics.com
9/20/2018 10:11:41 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-06-20 09:00 PM Interest Rate Decision 6.5% 6.50% 6.5% 6.5%
2018-08-01 09:00 PM Interest Rate Decision 6.5% 6.5% 6.5% 6.5%
2018-09-19 09:00 PM Interest Rate Decision 6.5% 6.5% 6.5% 6.5%
2018-10-31 09:00 PM Interest Rate Decision 6.5% 6.5%
2018-12-12 08:00 PM Interest Rate Decision 6.5%


Brazil Money Last Previous Highest Lowest Unit
Interest Rate 6.50 6.50 45.00 6.50 percent [+]
Cash Reserve Ratio 25.00 25.00 100.00 25.00 percent [+]
Money Supply M0 277677.29 275338.55 296755.46 0.00 BRL Million [+]
Money Supply M1 361191.40 332694.02 363025.90 0.00 BRL Million [+]
Money Supply M2 2589685.69 2556074.46 2589685.69 0.01 BRL Million [+]
Money Supply M3 5856775.59 6007614.45 6007614.45 0.01 BRL Million [+]
Foreign Exchange Reserves 381393.00 379444.00 382549.00 1187.00 USD Million [+]
Banks Balance Sheet 6156144.10 5968057.90 6156144.10 1174638.70 BRL Million [+]
Loans to Private Sector 674196.00 678257.00 875284.00 169316.00 BRL Million [+]
Deposit Interest Rate 8.51 12.40 9394.29 7.81 percent [+]
Loan Growth -0.20 0.80 3.68 -1.01 percent [+]
Central Bank Balance Sheet 3409301938.00 3367787519.00 3409301938.00 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.50 6.50 45.00 6.50 1999 - 2018 percent Daily




interest rate by Country
Country Last
Argentina 60.00 Sep/18
Turkey 24.00 Sep/18
Mexico 7.75 Aug/18
Russia 7.50 Sep/18
Brazil 6.50 Sep/18
India 6.50 Aug/18
South Africa 6.50 Sep/18
Indonesia 5.50 Aug/18
China 4.35 Aug/18
Saudi Arabia 2.50 Aug/18
United States 2.00 Aug/18
Australia 1.50 Sep/18
Canada 1.50 Sep/18
South Korea 1.50 Aug/18
Singapore 1.06 Aug/18
United Kingdom 0.75 Sep/18
Euro Area 0.00 Sep/18
France 0.00 Sep/18
Germany 0.00 Sep/18
Italy 0.00 Sep/18
Netherlands 0.00 Sep/18
Spain 0.00 Sep/18
Japan -0.10 Sep/18
Switzerland -0.75 Sep/18


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