Brazil's central bank cut its benchmark rate by 25 basis points to 14.25% at its June meeting, in line with market expectations and marking a third straight quarter-point rate cut. Policymakers said the decision was taken amid heightened uncertainty and aims to support economic activity without compromising their commitment to price stability. The central bank highlighted persistent inflationary pressures despite easing energy costs following the interim Iran-US peace agreement. Annual inflation accelerated to 4.72% in May, remaining above the target range, while inflation expectations for 2026 and 2027 stayed elevated at 5.3% and 4.1%, respectively. At the same time, domestic economic activity remained resilient, supported by a strong labor market, with GDP expanding 1.1% in the first quarter and the central bank’s activity index rising 0.51% in April. The Copom emphasized that risks to inflation remain elevated and that future policy decisions will depend on incoming economic data. source: Banco Central do Brasil

The benchmark interest rate in Brazil was last recorded at 14.25 percent. Interest Rate in Brazil averaged 13.86 percent from 1999 until 2026, reaching an all time high of 45.00 percent in March of 1999 and a record low of 2.00 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 June of 2026.

The benchmark interest rate in Brazil was last recorded at 14.25 percent. Interest Rate in Brazil is expected to be 14.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Interest Rate is projected to trend around 12.00 percent in 2027 and 10.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-18 09:30 PM Interest Rate Decision 14.75% 15% 14.50% 14.5%
2026-04-29 09:30 PM Interest Rate Decision 14.5% 14.75% 14.5% 14.75%
2026-06-17 10:00 PM Interest Rate Decision 14.25% 14.5% 14.25% 14.25%
2026-06-29 11:30 AM BCB Focus Market Readout
2026-07-06 11:30 AM BCB Focus Market Readout
2026-07-13 11:30 AM BCB Focus Market Readout


Related Last Previous Unit Reference
Cash Reserve Ratio 21.00 21.00 percent May 2026
Foreign Exchange Reserves 371137.00 366913.00 USD Million May 2026
BCB Selic Rate 14.25 14.50 percent Jun 2026
Bank Lending MoM 0.30 1.00 percent Apr 2026
Loans to Private Sector 1098407.00 1090121.00 BRL Million Apr 2026
Money Supply M0 427807.34 437887.66 BRL Million May 2026
Money Supply M1 632564.00 632608.00 BRL Million Apr 2026
Money Supply M2 7455567.00 7422434.00 BRL Million Apr 2026
Money Supply M3 13615836.00 13518403.00 BRL Million Apr 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
14.25 14.50 45.00 2.00 1999 - 2026 percent Daily

News Stream
Brazil Cuts Rates Again Despite Rising Inflation
Brazil's central bank cut its benchmark rate by 25 basis points to 14.25% at its June meeting, in line with market expectations and marking a third straight quarter-point rate cut. Policymakers said the decision was taken amid heightened uncertainty and aims to support economic activity without compromising their commitment to price stability. The central bank highlighted persistent inflationary pressures despite easing energy costs following the interim Iran-US peace agreement. Annual inflation accelerated to 4.72% in May, remaining above the target range, while inflation expectations for 2026 and 2027 stayed elevated at 5.3% and 4.1%, respectively. At the same time, domestic economic activity remained resilient, supported by a strong labor market, with GDP expanding 1.1% in the first quarter and the central bank’s activity index rising 0.51% in April. The Copom emphasized that risks to inflation remain elevated and that future policy decisions will depend on incoming economic data.
2026-06-17
Brazil Central Bank Cuts Selic Rate Amid Uncertainty
Brazil's central bank cut its benchmark rate to 14.50% at its April 29 meeting, in line with forecasts. The monetary policy council cited an uncertain external environment due to geopolitical conflicts in the Middle East, which are affecting global financial conditions. National indicators continue to show a moderating economic growth trajectory, while the labor market remains resilient. Headline and underlying inflation have accelerated, moving further away from the target. Inflation expectations for 2026 and 2027 remain above target, at 4.9% and 4.0% respectively. Inflation risks are higher than usual and projections show further divergence from the target within the policy horizon. However, as uncertainty regarding these projections has increased considerably amid lack of clarity on the duration of the US-Iran conflict and it's effects, the committee deemed it appropriate to continue the monetary policy calibration cycle.
2026-04-29
Brazil Lowers Interest Rate by 25 bps
Brazil’s central bank reduced its benchmark rate to 14.75% in March, less than the expected 50bps reduction, saying a monetary policy calibration cycle is needed as the prolonged hold provided evidence of transmission on the slowdown in economic activity. External factors such as the escalation of geopolitical conflicts in the Middle East and global financial volatility continue to affect emerging markets, while domestically growth is moderating even as the labour market remains resilient and inflation has improved but stays above target. Inflation expectations stand at 4.1% for 2026 and 3.8% for 2027, and Copom projects inflation at 3.3% by the third quarter of 2027. The committee flagged upside risks from persistent services inflation and a more depreciated exchange rate, and downside risks from a more pronounced global slowdown or reduction in commodity prices, judging that this decision remains consistent with converging inflation to target while smoothing the cycle.
2026-03-18