Brazil's central bank on Wednesday announced its third interest rate hike in 2021, a 75-basis point increase to 4.25% and anticipated a similar rise in August to mitigate the spread of current temporary shocks to inflation. Copom noted that, despite the intensity of the second wave of the pandemic, recent economic indicators showed a stronger-than-expected development. The Committee also emphasizes that its view for the next meeting will continue to depend on the evolution of economic activity, the balance of risks, and inflation projections and expectations. source: Banco Central do Brasil

Interest Rate in Brazil averaged 14.11 percent from 1999 until 2021, 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 July of 2021.

Interest Rate in Brazil is expected to be 4.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Brazil to stand at 6.50 in 12 months time. In the long-term, the Brazil Interest Rate is projected to trend around 6.50 percent in 2022, according to our econometric models.

Ok
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.

Please Paste this Code in your Website
width
height
Brazil Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.25 3.50 45.00 2.00 1999 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2021-01-20 09:30 PM Interest Rate Decision 2% 2% 2% 2%
2021-03-17 10:00 PM Interest Rate Decision 2.75% 2% 2.5% 2.5%
2021-05-05 09:40 PM Interest Rate Decision 3.5% 2.75% 3.5% 3.5%
2021-06-16 10:00 PM Interest Rate Decision 4.25% 3.5% 4.25% 4.25%
2021-08-02 11:30 AM BCB Focus Market Readout
2021-08-04 09:00 PM Interest Rate Decision 4.25% 5%
2021-08-09 11:30 AM BCB Focus Market Readout
2021-08-11 11:00 AM BCB Copom Meeting Minutes


News Stream
Brazil Hikes Interest Rate to 4.25%
Brazil's central bank on Wednesday announced its third interest rate hike in 2021, a 75-basis point increase to 4.25% and anticipated a similar rise in August to mitigate the spread of current temporary shocks to inflation. Copom noted that, despite the intensity of the second wave of the pandemic, recent economic indicators showed a stronger-than-expected development. The Committee also emphasizes that its view for the next meeting will continue to depend on the evolution of economic activity, the balance of risks, and inflation projections and expectations.
2021-06-16
Brazil Hikes Interest Rate to 3.50%
Brazil's central bank on Wednesday announced its second interest rate hike in 2021, a 75-basis point increase to 3.5% and anticipated a similar rise in June to control inflation even as the economic recovery from the effects of the pandemic seems slower than estimated. Copom noted that despite an improved economic outlook, a worsening pandemic brought renewed uncertainty about the growth rate of the economy and the path of inflation. The Committee also emphasizes that its view for the next meeting will continue to depend on the evolution of economic activity, the balance of risks, and inflation projections and expectations.
2021-05-05
Brazil Hikes Interest Rate More than Expected
The Central Bank of Brazil unexpectedly raised its benchmark interest rate by 75 basis points from an all-time low of 2 percent on 17 March 2021, above market expectations of a 50-bps increase. The decision was unanimous. The Committee said that the continuing increase in commodities prices, measured in local currency, are affecting current inflation and triggered additional increases in inflation forecasts for the next months, especially through its effects on fuel prices. For the next meeting, unless there is a significant change in inflation projections or in the balance of risks, the Committee foresees the continuation of the partial normalization process with another adjustment, of the same magnitude, in the degree of monetary stimulus. The Copom emphasizes that its view for the next meeting will continue to depend on the evolution of economic activity, the balance of risks, and inflation projections and expectations.
2021-03-17
Brazil Holds Interest Rate at 2%, Drops Forward Guidance
The Central Bank of Brazil unanimously decided to keep its benchmark interest rate at an all-time low of 2.00 percent on 20 January 2021, as widely expected. The Committee said that recent indicators suggest an improved but uneven recovery in domestic economic activity as uncertainty about growth remains larger than usual. Policymakers noted that inflation readings were higher than expected, as the headline for December jumped to 4.5% from 4.3% in the previous month, rising for the seventh. Still, the bank warned that uncertainty remains unusually high and that it will change to a balance-of-risks approach rather than forward guidance. The Committee warned that the removal of the forward guidance does not mechanically imply interest rates increases, since, at this moment, uncertainties regarding the evolution of growth still prescribe an extraordinarily strong monetary stimulus.
2021-01-20

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.