The Central Bank of Brazil decided to keep the Selic rate steady at 13.75% on September 21st, 2022, as widely expected. Brazil's inflation eased further to 8.73% in August of 2022 from 10.07% in the prior month, marking the first time it fell from double digits in a year. Copom's inflation projections stand at 5.8% for 2022, 4.6% for 2023, and 2.8% for 2024. Regarding the Brazilian economy, policymakers noted that it remains resilient while the most recent indicators continued to indicate growth. source: Banco Central do Brasil
Interest Rate in Brazil averaged 13.95 percent from 1999 until 2022, 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 October of 2022.
Interest Rate in Brazil is expected to be 13.75 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 10.75 percent in 2023 and 8.00 percent in 2024, according to our econometric models.