The benchmark interest rate in Brazil was last recorded at 14.75 percent. This dataset provides - Brazil Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Brazil Policy Rate

• Brazil cash rate (Policy Rate: Month End: SELIC) was set at 13.25 % pa in Feb 2025, compared with 13.25 % pa in the previous Jan 2025.
• Brazil Policy Rate averaged 12.25 % pa and is updated monthly, available from Mar 1999 to Feb 2025.
• The data reached an all-time high of 42.00 % pa in Mar 1999 and a record low of 2.00 % pa in Feb 2021.
• Its Long Term Interest Rate (Long Term Interest Rate (TJLP): Per Annum) was reported at 7.97 % pa in Jan 2025.
• Brazil Exchange Rate against USD averaged 4.85 (USD/BRL) in Jun 2023.
• Its Real Effective Exchange Rate was 81.41 in Nov 2024.

Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates. In 2024, Brazil's Central Bank set the monetary policy rate at 10.8 percent, down from 13.3 percent in the previous year.

Brazil's inflation rate and central bank interest rate have experienced significant fluctuations from 2018 to 2025, reflecting broader global economic trends. The country's inflation peaked at ***** percent in April 2020, followed by a gradual decline and subsequent rise, while the central bank adjusted its Selic rate in response to these economic dynamics. This pattern of volatility and monetary policy adjustments mirrors similar experiences in other major economies during the same period. Global context of inflation and interest rates Brazil's economic indicators align with the global trend of rising inflation and subsequent central bank responses observed in many countries. Like Brazil, other major economies such as the United States, United Kingdom, and European Union implemented aggressive rate hikes throughout 2022-2023 to combat inflationary pressures. However, a coordinated shift began in mid-2024, with many central banks initiating rate cuts. This global trend is reflected in Brazil's monetary policy decisions, as the country began reducing its Selic rate in August 2023 after maintaining it at ***** percent for several months. Comparison with other economies While Brazil's inflation rate reached **** percent in April 2025, other major economies exhibited varying levels of inflationary pressure. For instance, China reported a deflationary rate of **** percent, while Russia maintained a high inflation rate of **** percent during the same period. The United Kingdom, which experienced similar volatility in its inflation rate, saw it peak at *** percent in October 2022 before moderating to *** percent by September 2024. These comparisons highlight the diverse economic conditions and policy responses across different countries, with Brazil's experience falling somewhere in the middle of this spectrum.

Graph and download economic data for Interest Rates, Discount Rate for Brazil (INTDSRBRM193N) from Oct 1996 to Apr 2025 about Brazil, interest rate, interest, and rate.

Brazil BR: Real Interest Rate data was reported at 37.208 % pa in 2023. This records an increase from the previous number of 28.396 % pa for 2022. Brazil BR: Real Interest Rate data is updated yearly, averaging 35.367 % pa from Dec 1997 (Median) to 2023, with 27 observations. The data reached an all-time high of 77.617 % pa in 1998 and a record low of 15.011 % pa in 2021. Brazil BR: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.;;

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Brazil (IRSTCB01BRA156N) from 1996 to 2023 about Brazil, overnight, interest rate, banks, interest, depository institutions, and rate.

Key information about Brazil Long Term Interest Rate

• Brazil Long Term Interest Rate (TJLP): Per Annum was reported at 7.97 % pa in Feb 2025, compared with 7.97 % pa in the previous month.
• Brazil Long Term Interest Rate data is updated monthly, available from Dec 1994 to Feb 2025.
• The data reached an all-time high of 26.01 % pa in Feb 1995 and a record low of 4.39 % pa in Mar 2021.
• Long Term Interest Rate is reported by reported by Central Bank of Brazil.
• The cash rate (Policy Rate: Month End: SELIC) was set at 13.25 % pa in Feb 2025.
• Brazil Exchange Rate against USD averaged 4.85 (USD/BRL) in Jun 2023.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Federal Funds Rate: Total for Brazil (IRSTFR01BRQ156N) from Q1 1994 to Q4 2023 about Brazil, federal, interest rate, interest, and rate.

Brazil BR: Lending Interest Rate data was reported at 40.225 % pa in 2024. This records a decrease from the previous number of 43.600 % pa for 2023. Brazil BR: Lending Interest Rate data is updated yearly, averaging 44.304 % pa from Dec 1997 (Median) to 2024, with 28 observations. The data reached an all-time high of 86.363 % pa in 1998 and a record low of 27.392 % pa in 2013. Brazil BR: Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files.;;

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Federal Funds Rate: Total for Brazil (IRSTFR01BRA156N) from 1994 to 2023 about Brazil, federal, interest rate, interest, and rate.

Real interest rate (%) in Brazil was reported at 37.21 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Brazil - Real interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Brazil BR: Interest Rate Spread data was reported at 31.461 % pa in 2023. This records an increase from the previous number of 27.401 % pa for 2022. Brazil BR: Interest Rate Spread data is updated yearly, averaging 35.371 % pa from Dec 1997 (Median) to 2023, with 27 observations. The data reached an all-time high of 58.360 % pa in 1998 and a record low of 19.585 % pa in 2013. Brazil BR: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files.;Median;

Policy rate, percent in Brazil, April, 2025 The most recent value is 14.25 percent as of April 2025, no change compared to the previous value of 14.25 percent. Historically, the average for Brazil from January 2000 to April 2025 is 12.3 percent. The minimum of 2 percent was recorded in August 2020, while the maximum of 26.5 percent was reached in February 2003. | TheGlobalEconomy.com

Interest rate spread (lending rate minus deposit rate, %) in Brazil was reported at 31.46 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Brazil - Interest rate spread (lending rate minus deposit rate, %) - actual values, historical data, forecasts and projections were sourced from the World Bank on April of 2025.

Brazil Market Expectation: Over Selic Rate: 1 Year Ahead: Standard Deviation data was reported at 0.850 % pa in 28 Jun 2019. This records an increase from the previous number of 0.820 % pa for 27 Jun 2019. Brazil Market Expectation: Over Selic Rate: 1 Year Ahead: Standard Deviation data is updated daily, averaging 1.190 % pa from Aug 2000 (Median) to 28 Jun 2019, with 4736 observations. The data reached an all-time high of 3.000 % pa in 20 Dec 2002 and a record low of 0.510 % pa in 03 Dec 2018. Brazil Market Expectation: Over Selic Rate: 1 Year Ahead: Standard Deviation data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Business and Economic Survey – Table BR.SA038: Market Expectation: Over Selic Rate. Market Expectations System was implemented in November 2001, previous projections were collected from incipient through telephone contacts, transcribed into spreadsheets and consolidated manually. Some empty time points occurred because the Market didn´t have the expectation for those days. The Over-Selic interest rate is set by the monetary authorities and has the role of signaling to economic agents the basic level of remuneration of federal securities. Its effective level is defined by the weighted average daily volume of operations backed by federal public short, medium and long-term securities at the present time. Such securities are issued by the Treasury or the Central Bank, negotiated and registered by the Special Settlement and Custody Service, Selic, in the form of repo operations. Notably, the Over-Selic interest rate has the function of guiding the other short-term interest rates of the economy, acting as a minimum limit.

Lending interest rate (%) in Brazil was reported at 40.22 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Brazil - Lending interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on April of 2025.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Brazil (IRSTCI01BRM156N) from Oct 1996 to Apr 2025 about interbank, Brazil, overnight, interest rate, interest, and rate.

Deposit interest rate (%) in Brazil was reported at 12.14 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Brazil - Deposit interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Brazil (IRSTCB01BRQ156N) from Q4 1996 to Q4 2023 about Brazil, overnight, interest rate, banks, interest, depository institutions, and rate.