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.

Monthly and long-term Brazil Interest Rate data: historical series and analyst forecasts curated by FocusEconomics.

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 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.

Brazil Federal Debt Held by Public: Indexed: Selic Rate data was reported at 3,438.342 BRL bn in Oct 2025. This records an increase from the previous number of 3,315.086 BRL bn for Sep 2025. Brazil Federal Debt Held by Public: Indexed: Selic Rate data is updated monthly, averaging 429.574 BRL bn from Dec 1999 (Median) to Oct 2025, with 311 observations. The data reached an all-time high of 3,457.000 BRL bn in Aug 2025 and a record low of 99.064 BRL bn in Mar 2015. Brazil Federal Debt Held by Public: Indexed: Selic Rate data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.FB: Federal Securities Issued: by Indexing Factor. Sistema Especial de Liquidação e Custodia (SELIC)

Brazil Federal Funds Rate (Selic): Per Month data was reported at 1.060 % per Month in Apr 2025. This records an increase from the previous number of 0.960 % per Month for Mar 2025. Brazil Federal Funds Rate (Selic): Per Month data is updated monthly, averaging 1.215 % per Month from Jul 1986 (Median) to Apr 2025, with 466 observations. The data reached an all-time high of 82.040 % per Month in Feb 1990 and a record low of 0.130 % per Month in Feb 2021. Brazil Federal Funds Rate (Selic): Per Month data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.MC002: Lending Rate: Central Bank of Brazil. [COVID-19-IMPACT]

Information history about the SELIC - Brazil's insterest rate - and inflation (IPCA).

SELIC - From 1996-06-26 to now. - Data collected from the BACEN (Brazil's Central Bank) - official site.

IPCA - From 1994-01-01 to now. - Data collected from the IBGE (Instituto Brasileiro de Geografia e Estatística) - official site.

Updated daily.

Brazil Market Expectation: Over Selic Rate: Annual Average: Long Term: Standard Deviation data was reported at 0.880 % pa in 28 Jun 2019. This records an increase from the previous number of 0.850 % pa for 27 Jun 2019. Brazil Market Expectation: Over Selic Rate: Annual Average: Long Term: Standard Deviation data is updated daily, averaging 1.250 % pa from Jul 2002 (Median) to 28 Jun 2019, with 4237 observations. The data reached an all-time high of 3.890 % pa in 03 Jan 2003 and a record low of 0.000 % pa in 13 Dec 2018. Brazil Market Expectation: Over Selic Rate: Annual Average: Long Term: 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.SA039: Market Expectation: Over Selic Rate: Annual Average. 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.

The 'Interest Rate Decision' in Brazil refers to the periodic meeting of the Central Bank of Brazil's Monetary Policy Committee (COPOM) to set the benchmark Selic rate.-2026-01-28

The 'Interest Rate Decision' in Brazil refers to the periodic meeting of the Central Bank of Brazil's Monetary Policy Committee (COPOM) to set the benchmark Selic rate.-2026-03-18

Interbank Rate in Brazil remained unchanged at 14.90 percent in November. This dataset provides - Brazil Interbank Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The 'Interest Rate Decision' in Brazil refers to the periodic meeting of the Central Bank of Brazil's Monetary Policy Committee (COPOM) to set the benchmark Selic rate.-2026-12-09

Brazil Market Expectation: Over Selic Rate: Annual Average: Current Calendar Year: Standard Deviation data was reported at 0.160 % pa in 28 Jun 2019. This records a decrease from the previous number of 0.170 % pa for 27 Jun 2019. Brazil Market Expectation: Over Selic Rate: Annual Average: Current Calendar Year: Standard Deviation data is updated daily, averaging 0.170 % pa from Jul 2002 (Median) to 28 Jun 2019, with 4244 observations. The data reached an all-time high of 1.800 % pa in 02 Jan 2003 and a record low of 0.000 % pa in 12 Dec 2018. Brazil Market Expectation: Over Selic Rate: Annual Average: Current Calendar Year: 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.SA039: Market Expectation: Over Selic Rate: Annual Average. 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.

ABSTRACT: The paper estimates the fiscal cost of an increase in the Brazilian policy interest rate - the SELIC - by considering not only the direct effect on the yield of public bonds that are indexed to the SELIC, but also indirect effects on: (i) the yield of public bonds that are indexed to the exchange rate and inflation, and (ii) the stock of public net debt through adjustments in the value of international reserves measured in domestic currency. Projections are based on the estimation of the relationship between interest rates, exchange rates and inflation by means of a vector auto-regression. We conclude that the inclusion of such indirect effects has an ambiguous effect on the response of the implicit interest rate on public net debt to shocks in the SELIC, when adjustments in the value of international reserves are not considered. However, the inclusion of the latter amplifies the fiscal cost of a more restrictive monetary policy. These results call for a better coordination between monetary, fiscal and exchange rate policies in Brazil.

Abstract This paper aims to discuss the connection between monetary policy and public debt in Brazil, highlighting the consequences. To do so, it begins with a historical resumption of the emergence of the market for public debt and the institutions responsible for its management. This is followed by an analysis of the data on the variables related to monetary policy and public debt between 1999 and 2016. From this analysis, we observed the existence of a problematic connection between two policies - monetary and fiscal - given by the Selic rate, which is both an instrument to control the inflation and the rate that remunerates a significant portion of public debt. The paper concludes that this link reduces the effectiveness of these policies, requiring actions such as the untying of monetary policy and public debt, the increase in the term and duration of debt, the change in composition and, particularly, a reduction of the Selic rate.

The statistics are calculated daily based on the market expectations of roughly 130 banks, asset managers and other institutions (real sector companies, brokers, consultancies and others) that participate on the System of Market Expectations, by providing expectations for different price indicators, GDP and industrial production growth, exchange rate, Selic rate, fiscal variables and external sector indicators, published every first working day of the week. Market expectations are relative to the accredited institutions that authorized the release of their individual microdata, with the identification by the use of a code. Expectations are 1-year lagged. 0f70dc10-f44c-4a06-b5e2-70ac630767c4 market-expectations

Abstract The financial system plays a crucial role in any economy. Factors such as strong regulation of the banking sector, measurement and evaluation in terms of performance and efficiency has been important for financial institutions. The long-term sustainability of cooperatives and banks demand the identification and comparison of variables that influence their profitability. The present study carried out an analysis of a panel of institutions between 2009 and 2013 with similar characteristics. The results indicate that the return on assets of these institutions was affected by loans, efficiency (measured using data envelopment analysis), total expenses, total deposits, other income and the Selic rate. However, return on equity was influenced by total deposits, loans, Selic rate, GDP, inflation, other income and total expenses. In the sample studied, the results indicated that there is no statistical difference if the financial institution is classified as a multiple bank or credit union, when considering ROE as a performance measure.

The 'Interest Rate Decision' in Brazil refers to the periodic meeting of the Central Bank of Brazil's Monetary Policy Committee (COPOM) to set the benchmark Selic rate.-2025-01-29

The 'Interest Rate Decision' in Brazil refers to the periodic meeting of the Central Bank of Brazil's Monetary Policy Committee (COPOM) to set the benchmark Selic rate.-2026-06-17

The 'Interest Rate Decision' in Brazil refers to the periodic meeting of the Central Bank of Brazil's Monetary Policy Committee (COPOM) to set the benchmark Selic rate.-2026-08-05