News

Brazil Leaves Monetary Policy Unchanged
The Central Bank of Brazil voted unanimously to hold its key Selic rate at a record low of 6.50 percent on May 8th 2019, as widely expected. Policymakers said that the decision is consistent with the convergence of inflation to the target range and will continue to depend on the evolution of economic activity, inflation outlook and balance of risks. The Committee added that developments of the reform agenda will affect current expectations and macroeconomic projections.
Published on 2019-05-09

Brazil Leaves Monetary Policy Unchanged
The Central Bank of Brazil voted unanimously to hold its key Selic rate at a record low of 6.50 percent on March 20th 2019, as widely expected. Policymakers noted that recent data on economic activity came in below expectations, still the domestic economy continues on a gradual recovery path and added that the global outlook remains challenging.
Published on 2019-03-21

Brazil Holds Interest Rate at 6.5%
The Central Bank of Brazil voted unanimously to hold its key Selic rate at a record low of 6.50 percent on February 6th 2019, as widely expected. Policymakers said that the decision reflects its baseline scenario for prospective inflation and its risks and it is consistent with the convergence of inflation to the target range.
Published on 2019-02-07

Brazil Holds Interest Rate at 6.50% as Expected
The Central Bank of Brazil voted unanimously to hold its key Selic rate at 6.50 percent on 12 December 2018 as widely expected, keeping borrowing costs at the lowest level in modern history amid target inflation and lackluster GDP growth. It was the second monetary policy meeting after the presidential election.
Published on 2018-12-13

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 31 October 2018 as widely expected, keeping borrowing costs at the lowest level in modern history amid target inflation and lackluster GDP growth. It was the first monetary policy meeting after the presidential election.
Published on 2018-10-31

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.
Published on 2018-09-20

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 August 1st as widely expected, keeping borrowing costs at the lowest level in modern history amid below-target inflation and mixed economic data.
Published on 2018-08-02

Brazil Holds Interest Rate as Expected
The Central Bank of Brazil kept its key Selic rate unchanged at 6.50 percent on 20 June 2018 following no change on 16 May 2018. The hold, unanimously voted, matched market expectations and was the second hold after eleven straight cuts, keeping borrowing costs at the lowest in modern history amid below-target inflation and a gradually improving economy, albeit recent mixed data.
Published on 2018-06-20

Brazil Unexpectedly Holds Key Rate
The Central Bank of Brazil kept its key Selic rate unchanged at 6.50 percent on 16 May 2018 following a 25-bps slash on 21 March 2018. The hold, unanimously voted, surprised markets who expected a 25bps decline and ended eleven straight cuts, keeping borrowing costs at the lowest in modern history amid below-target inflation and a gradually improving economy, albeit recent setbacks.
Published on 2018-05-17

Brazil Cuts Interest Rate Further
The Central Bank of Brazil cut its key Selic rate by 25 basis points to 6.50 percent on 21 March 2018 following a 25-bps slash on 7 February 2018. The cut, widely anticipated and unanimous, was the eleventh straight, bringing borrowing costs to the lowest in modern history amid below-target inflation and a gradually improving economy. 
Published on 2018-03-21

Brazil Slashes Key Rate Further
The Central Bank of Brazil cut its key Selic rate by 25 basis points to 6.75 percent on 7 February 2018 following a 50-bps slash on 6 December2017. The cut, widely anticipated and unanimous, was the eleventh straight, bringing borrowing costs to the lowest in modern history amid below-target inflation and a gradually improving economy.
Published on 2018-02-07

Brazil Slashes Key Rate to Record Low
The Central Bank of Brazil slashed its key Selic rate by 50 basis points to 7.00 percent on December 6th of 2017 following a 75-bps trim on October 25th of 2017. The cut, widely anticipated and unanimous, was the tenth straight, bringing borrowing costs to the lowest in modern history amid plunging inflation and a slow recovery.
Published on 2017-12-07

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.
Published on 2017-10-25

Brazil Trims Key Rate by 100 Bps to 8.25%
The Central Bank of Brazil unanimously cut its key Selic rate by 100 basis points to 8.25 percent on September 6th of 2017, as widely anticipated. It was the eighth straight rate decline, bringing borrowing costs to the lowest since 2013 amid slowing inflation and a sticky contraction. The decision was unanimous and no bias was adopted. It follows a 100 bps cut in the July 26th of 2017 meeting.
Published on 2017-09-07

Brazil Slashes Key Rate By 100 Bps To 9.25%
The Central Bank of Brazil unanimously cut its key Selic rate by 100 basis points to 9.25 percent on July 26th of 2017, as widely anticipated. It was the seventh straight rate decline, bringing borrowing costs to the lowest since September of 2013 amid slowing inflation and a sticky contraction. The decision was unanimous and no bias was adopted. It follows a 100 bps cut in the May 31st of 2017 meeting.
Published on 2017-07-26

Brazil Cuts Key Interest Rate To 3-1/2-Year Low Of 10.25%
The Central Bank of Brazil unanimously cut its key Selic rate by 100 basis points to 10.25 percent on May 31st of 2017, as widely anticipated. It is the sixth straight rate decline, bringing borrowing costs to the lowest since December of 2013 amid slowing inflation and a sticky contraction. It follows a 100 bps cut in the April 12th of 2017 meeting.
Published on 2017-05-31

Brazil Cuts Interest Rate By 100 Bps To 11.25%
The Central Bank of Brazil cut its key Selic rate by 100 basis points to 11.25 percent on April 12th 2017, in line with market expectations. It is the fifth straight rate decline, bringing borrowing costs to the lowest since November of 2014 amid slowing inflation and a sticky contraction. It follows tandem 75bps cuts in February and January.
Published on 2017-04-12

Brazil Lowers Benchmark Interest Rate To 12.25%
The Central Bank of Brazil cut its key Selic rate by 75 basis points to 12.25 percent on February 22nd 2017, in line with market expectations. It is the fourth straight rate decline, bringing borrowing costs to the lowest in nearly 2 years amid slowing inflation and a sticky contraction. It follows a 75bps cut in January.
Published on 2017-02-24

Brazil Cuts Key Rate to 13%
The Central Bank of Brazil lowered its benchmark Selic rate by 75bps to 13 percent on January 11th 2017, beating market expectations of a 50bps cut. It is the third straight rate decline, bringing borrowing cost to the lowest since March of 2015 amid slowing inflation and a severe contraction.
Published on 2017-01-11

Brazil Cuts Key Interest Rate to 13.75%
The Central Bank of Brazil lowered its benchmark Selic rate to 13.75 percent on November 30th, its lowest in over a year. The decision was widely expected by markets, as policymakers aim to bring inflation back to target amid a deep economic recession and a new political scandal.
Published on 2016-11-30

Brazil Cuts Key Rate to 14%
The central bank of Brazil lowered its benchmark SELIC rate by 25bps to 14 percent on October 19th 2016. It is the first rate cut in four years amid a severe contraction and signs of slowing inflation.
Published on 2016-10-19

Brazil Leaves Key Rate at 14.25%
The central bank of Brazil left its benchmark SELIC rate on hold at 14.25 percent on August 31st 2016. Policymakers said the inflation has been easing at a slower pace than expected although there is evidence the economy has stabilized and signs of a possible gradual recovery.
Published on 2016-08-31

Brazil Holds SELIC Rate at 14.25%
The Central Bank of Brazil left its key interest rate unchanged at 14.25 percent for the eighth consecutive time on July 20th, amid political uncertainty and high inflation expectations. The decision was widely expected by markets, as policymakers aim to bring inflation back to target despite a deep economic recession.
Published on 2016-07-20

Brazil Leaves SELIC Rate at 14.25%
The Central Bank of Brazil kept its key interest rate on hold at 14.25 percent for the seventh straight meeting on June 8th, as policymakers struggle to bring inflation back to target amid a deepening economic recession. The decision was unanimous.
Published on 2016-06-09

Brazil Leaves Key Rate Unchanged at 14.25%
Brazil's central bank maintained its benchmark interest rate at 14.25 percent for the sixth consecutive time at its April 27th meeting, amid political uncertainties ahead of possible presidential impeachment in the next weeks and despite the latest slowdown in inflation rate. Policymakers also said that there is no room for monetary easing due to high inflation expectations.
Published on 2016-04-27

Brazil Holds Key Rate at 14.25%
The central bank of Brazil left its benchmark interest rate unchanged at 14.25 percent for a fifth straight meeting on March 2nd, taking into account domestic and especially external risks and in spite of soaring inflation. Six of eight policymakers voted to hold SELIC rate and two decided voted for a hike.
Published on 2016-03-02

Brazil Holds Key Rate at 14.25%
The central bank of Brazil left its benchmark interest rate unchanged at 14.25 percent at its January 20th meeting. The Selic rate was left on hold at a 9-year high for the fourth straight meeting, as policymakers struggle to curb rising inflation amid a deep contraction.
Published on 2016-01-20

Brazil Leaves SELIC Rate Steady at 14.25%
The Central Bank of Brazil kept its key interest rate on hold for the third consecutive meeting at 14.25 percent on November 25th, the highest in nine years, as policymakers struggle to curb rising inflation amid economic contraction. The decision was not unanimous, as two of eight Copom members voted to raise SELIC to 14.75 percent while the rest voted for the rate to remain steady, an indication that the bank may start raising it in January.
Published on 2015-11-25

Brazil Leaves Key Rate Steady at 14.25%
Brazilian central bank left the benchmark Selic rate unchanged at 14.25 percent at its October 2015 meeting, saying keeping rates at current level for a sufficiently prolonged period is necessary to bring inflation back to target. The decision came in line with market expectations.
Published on 2015-10-21

Brazil Holds SELIC Rate at 14.25% in September
The Central Bank of Brazil kept its key interest rate unchanged on September 2nd, after seven consecutive hikes in an attempt to curb rising inflation. The SELIC rate remained at its highest level in nine years, as policymakers struggle to prevent consumer prices growth amid economic contraction.
Published on 2015-09-03

Brazil Raises SELIC Rate to 14.25%
The Central Bank of Brazil increased its key interest rate by 50bps to 14.25 percent on July 29th, the highest level since October 2006. It was the seventh consecutive hike as the country struggles to deal with the persistent rise in consumer prices.
Published on 2015-07-30

Brazil Hikes SELIC Rate to 13.75%
The Central Bank of Brazil raised its key interest rate by 50bps to 13.75 percent on June 3rd, the highest level since December 2008. It is the sixth straight hike as policymakers voiced concern about growing inflation pressure.
Published on 2015-06-04

Brazil Raises Interest Rate to 6-Year High
Brazil increased its key interest rate by 50bps to 13.25 percent on April 29th. It is the fifth consecutive hike, bringing the rate to its highest level since 2009.
Published on 2015-05-11

Brazil Hikes Key Interest Rate to 12.75%
Brazil’s central bank raised the Selic rate to a six-year high of 12.75 percent on March 4th. The decision was widely expected in a wake of stubbornly high inflation.
Published on 2015-03-05

Brazil Raises SELIC Rate to 12.25%
Brazil increased its key interest rate by 50bps to 12.25% on January 21st. It is the third consecutive hike, aiming to curb stubbornly high inflation and bringing the rate to its highest level since mid-2011.
Published on 2015-01-21

Brazil Raises SELIC Rate to 11.75%
The Central Bank of Brazil decided to raise the benchmark interest rate by half a point to 11.75 percent on December 3rd amid high inflation, low economic growth and falling currency.
Published on 2014-12-04

Brazil Raises Selic Rate to 11.25%
The Central Bank of Brazil decided to raise the benchmark interest rate by 25 bps to 11.25 percent on October 29th. It is the fourth rate hike in 2014 aiming to curb stubbornly high inflation.
Published on 2014-10-29

Brazil Leaves Monetary Policy Unchanged
At its September meeting, Central Bank of Brazil decided to leave its key selic rate steady at 11 percent as widely expected.
Published on 2014-09-03

Brazil Cuts Reserve Requirement to Boost Credit
Brazil’s central bank decided on August 20th to cut reserve requirements on term deposits, aiming to increase lending to the economy.
Published on 2014-08-20

Brazil Increases Credit Supply
Brazil’s central bank announced a series of liquidity and credit boosting measures on July 25th that would inject nearly BRL30 billion (USD13.63 billion) into the economy.
Published on 2014-07-26

Brazil Holds Rate at 11%
At its July meeting, Central Bank of Brazil decided to leave its key selic rate on hold at 11 percent, amid weak growth and after inflation hit the upper limit target range.
Published on 2014-07-17

Brazil Leaves Monetary Policy Unchanged
At its two-day meeting ended on May 28th, 2014, the Central Bank of Brazil decided to leave the Selic rate on hold at 11 percent following last month’s hike, as the pace of price increases is slowing and the economy remains fragile.
Published on 2014-05-29

Brazil Raises Selic Rate to 11%
At its April 2nd, 2014 meeting, the Central Bank of Brazil raised the benchmark interest rate by 25 bps to 11 percent, as widely expected, after a surge in food prices.
Published on 2014-04-03

Brazil Raises Interest Rate to 10.75%
At its February 26th, 2014 meeting, Central Bank of Brazil decided to raise the benchmark interest rate for the second straight time by 25 bps to 10.75 percent, as widely expected.
Published on 2014-02-27

Brazil Raises Selic Rate to 10.5%
The Monetary Policy Committee of the Central Bank of Brazil decided on January 15th to raise the benchmark interest rate by a larger-than-expected 50 bps to 10.5 percent. It is the seventh straight rate hike aimed at curbing inflation.
Published on 2014-01-16

Central Bank of Brazil Raises Selic Rate to 10%
The Monetary Police Committee of the Central Bank of Brazil decided on November 27th to raise the benchmark interest rate by 50 bps to 10 percent, as widely expected. Borrowing costs came to double-digit as a weaker currency and widening budget deficit were lifting inflation pressures.
Published on 2013-11-27

Brazil Raises Selic Rate For 5th Time This Year
In a unanimous vote, the Monetary Policy Committee decided on October 9th to raise the benchmark interest rate by 50 bps to 9.5 percent, aiming to fight high inflation.
Published on 2013-10-10

Central Bank of Brazil Raises Selic Rate to 9%
Central Bank of Brazil decided on August 28th to raise the benchmark interest rate by 50 bps to 9 percent, aiming to fight high inflation.
Published on 2013-08-29

Central Bank of Brazil Raises SELIC Rate to 8.5%
In its July 10 meeting, the Bank of Brazil's monetary policy committee raised its benchmark interest rate to 8.50 percent from 8 percent, maintaining the pace of monetary tightening to fight above-target inflation. The decision by the bank's committee was unanimous.
Published on 2013-07-11

Brazil's Central Bank Raises Selic Rate To 8%
The Monetary Policy Committee (Copom) of The Central Bank of Brazil unanimously decided on May 29th to increase the benchmark Selic rate by 50pp to 8 percent, stepping up the pace of monetary tightening in an effort to curb the inflationary trend.
Published on 2013-06-02

Copom Raises The Selic Rate to 7.50%
On April 17th, the Monetary Policy Committee (Copom) increased the benchmark Selic rate by 25pp to 7.50, ending a cycle of monetary easing that was initiated in August 2011.
Published on 2013-05-07

COPOM MAINTAINS THE SELIC RATE AT 7.25%
The Monetary Police Committee of the Central Bank of Brazil decided on March 6th to maintain its benchmark interest rate at 7.25 percent, without bias.
Published on 2013-03-07

Copom Maintains the Selic Rate at 7.25
The Monetary Policy Committee of Central Bank of Brazil decided on January 17th to maintain its benchmark interest rate at 7.25 percent, without bias.
Published on 2013-02-11

COPOM Maintains Selic Rate at 7.25%
The Central Bank of Brazil Monetary Policy Committee (COPOM)unanimously decided to maintain the Selic rate at 7.25 percent on November 28th.
Published on 2012-12-11

Brazil Raises Rate to 13.75%
Brazil's central bank raised its benchmark interest rate on September 10, to the highest in almost two years in a bid to cool accelerating economic growth that's stoking inflation.
Published on 2008-09-26

Brazil Raises Interest Rate to 13%
Brazil’s central bank raised the core interest rate by 0.75 percentage points on July 23, confirming the bank’s increasing concern over inflation.
Published on 2008-08-25