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.;;

The benchmark interest rate in Brazil was last recorded at 15 percent. This dataset provides - Brazil Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Actual value and historical data chart for Brazil Real Interest Rate Percent

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 2022, 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, the United Kingdom, and the 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. From the middle of 2024, however, the Brazilian central bank implemented several interest rate hikes, setting the rate at ** percent in October 2025. Comparison with other economies While Brazil's inflation rate reached **** percent in October 2025, other major economies exhibited varying levels of inflationary pressure. For instance, China consistently reported the lowest inflation rate among developed economies, while Russia maintained an exceptionally high inflation rate 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 the end of 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.

Brazil Public Sector: Last 12 Months Accumulated: Public Enterprises: Uses: Internal Interest Rate: Real Interest data was reported at 2,692.827 BRL mn in Apr 2019. This records an increase from the previous number of 2,434.004 BRL mn for Mar 2019. Brazil Public Sector: Last 12 Months Accumulated: Public Enterprises: Uses: Internal Interest Rate: Real Interest data is updated monthly, averaging 563.053 BRL mn from Nov 2002 (Median) to Apr 2019, with 198 observations. The data reached an all-time high of 6,747.024 BRL mn in Dec 2002 and a record low of -4,590.456 BRL mn in Nov 2004. Brazil Public Sector: Last 12 Months Accumulated: Public Enterprises: Uses: Internal Interest Rate: Real Interest data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Government and Public Finance – Table BR.FA042: Public Sector: Uses and Sources: Public Enterprises: Last 12 Months Accumulated.

Brazil Interest Rates - Discount Rate - Historical chart and current data through 2025.

ABSTRACT This paper analyzes the real interest rate in Brazil. First, we define financialization as the major influence of the financial system on domestic politics. We use the proportion of the stock of federal public debt held by financial market agents as a proxy for financialization. Subsequently, we adopted the VEC methodology to perform cointegration and impulse-response analyses for the period 2007-2017. The results suggest that financialization had a positive effect on the real interest rate level.

ABSTRACT This paper investigates the drivers of long term real interest rates in Brazil. It is shown that long term yield on inflation linked bonds are driven by yields on 10 year interest rates of United States (US) government bonds and 10 year risk premium, as measured by the Credit Default Swap (CDS). Long term interest rates in Brazil were on a downward trend, following US real rates and stable risk premium, until the taper tantrum in the first half of 2013. From then onwards, real interest rates rose due to the increase in US real rates in anticipation of the beginning of monetary policy normalization and, more recently, due to a sharp increase in Brazilian risk premium. Policy interest rates do not significantly affect long term real interest rates.

Public Sector: Year to Date: Central Bank of Brazil: Uses: Internal Interest Rate: Real Interest data was reported at -40,692.510 BRL mn in Apr 2019. This records a decrease from the previous number of -33,051.363 BRL mn for Mar 2019. Public Sector: Year to Date: Central Bank of Brazil: Uses: Internal Interest Rate: Real Interest data is updated monthly, averaging -6,458.206 BRL mn from Jan 2002 (Median) to Apr 2019, with 208 observations. The data reached an all-time high of 18,016.060 BRL mn in Dec 2002 and a record low of -122,826.825 BRL mn in Sep 2018. Public Sector: Year to Date: Central Bank of Brazil: Uses: Internal Interest Rate: Real Interest data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Government and Public Finance – Table BR.FA017: Public Sector: Uses and Sources: Central Bank of Brazil: Year to Date. Banco Central do Brasil (Bacen)

The average for 2024 based on 73 countries was 4.99 percent. The highest value was in Brazil: 35.09 percent and the lowest value was in Argentina: -47.48 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.

ABSTRACT This short article shows that since 1999 the interest rate has been correlated to exchange rate volatility in Brazil. Therefore, it would be one of the reasons for not reducing the interest rate in Brazil.

Public Sector: Last 12 Months Accumulated: Central Bank of Brazil: Uses: Internal Interest Rate: Real Interest data was reported at -112,836.506 BRL mn in Apr 2019. This records an increase from the previous number of -120,729.755 BRL mn for Mar 2019. Public Sector: Last 12 Months Accumulated: Central Bank of Brazil: Uses: Internal Interest Rate: Real Interest data is updated monthly, averaging -18,612.462 BRL mn from Nov 2002 (Median) to Apr 2019, with 198 observations. The data reached an all-time high of 32,185.850 BRL mn in Jul 2003 and a record low of -150,317.633 BRL mn in Sep 2018. Public Sector: Last 12 Months Accumulated: Central Bank of Brazil: Uses: Internal Interest Rate: Real Interest data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Government and Public Finance – Table BR.FA018: Public Sector: Uses and Sources: Central Bank of Brazil: Last 12 Months Accumulated. Banco Central do Brasil (Bacen)

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 November of 2025.

Graph and download economic data for Interest Rates, Government Securities, Treasury Bills for Brazil (INTGSTBRM193N) from Jan 1995 to Jun 2025 about bills, Brazil, Treasury, securities, government, interest rate, interest, and rate.

Interest rate spread (lending rate minus deposit rate, %) in Brazil was reported at 32.52 % in 2024, 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 November of 2025.

In September 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In September 2025, Russia maintained the highest interest rate at 17 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at -0.3 percent in September 2025. In contrast, Russia maintained a high inflation rate of 8 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

Global interest rate, short-term, total futures, Brazilian Real, on All exchanges, outstanding - notional amounts, Quarterly

Public Sector: ytd: % of GDP: Central Bank of Brazil: Uses: Internal Interest Rate: Real Interest data was reported at -1.747 % in Apr 2019. This records an increase from the previous number of -1.908 % for Mar 2019. Public Sector: ytd: % of GDP: Central Bank of Brazil: Uses: Internal Interest Rate: Real Interest data is updated monthly, averaging -0.483 % from Jan 2002 (Median) to Apr 2019, with 208 observations. The data reached an all-time high of 3.243 % in Jan 2003 and a record low of -3.002 % in Jan 2016. Public Sector: ytd: % of GDP: Central Bank of Brazil: Uses: Internal Interest Rate: Real Interest data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Government and Public Finance – Table BR.FA020: Public Sector: Uses and Sources: Central Bank of Brazil: % of Nominal GDP: Year to Date. Banco Central do Brasil (Bacen)

Concept: Average interest rate from new credit operations started in the reference period, which are under regulation by the National Monetary Council (CMN) or linked to budget funds. The rate is weighted by the value of operations. Refers to special financing operations which require proof of proper use of funds, linked to medium and long term production and investments projects. Funds origins are shares of checking accounts and savings accounts and funds from governmental programs. Source: Central Bank of Brazil – Statistics Department 114d4c02-80bb-4338-8f23-072256a52aa4 20772-average-interest-rate-of-earmarked-new-credit-operations---households---real-estate-financing

Brazil Public Sector: Public Enterprises: Uses: Internal Interest Rate: Real Interest data was reported at 278.609 BRL mn in Apr 2019. This records an increase from the previous number of 186.985 BRL mn for Mar 2019. Brazil Public Sector: Public Enterprises: Uses: Internal Interest Rate: Real Interest data is updated monthly, averaging 92.460 BRL mn from Dec 2001 (Median) to Apr 2019, with 209 observations. The data reached an all-time high of 4,212.769 BRL mn in Sep 2002 and a record low of -2,622.456 BRL mn in Aug 2002. Brazil Public Sector: Public Enterprises: Uses: Internal Interest Rate: Real Interest data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Government and Public Finance – Table BR.FA040: Public Sector: Uses and Sources: Public Enterprises.