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.

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.;;

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.

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.

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.

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.

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 USD/BRL exchange rate fell to 5.3270 on December 2, 2025, down 0.55% from the previous session. Over the past month, the Brazilian Real has strengthened 0.57%, and is up by 11.87% over the last 12 months. Brazilian Real - values, historical data, forecasts and news - updated on December of 2025.

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.

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

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.

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.

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.

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)

Bank Lending Rate in Brazil decreased to 58.20 percent in September from 58.30 percent in August of 2025. This dataset provides - Brazil Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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)

Inflation Rate in Brazil decreased to 4.68 percent in October from 5.17 percent in September of 2025. This dataset provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Brazil Lending Rate: per Month: Pre-Fixed: Individuals: Mortgages with Market Rates: Banco Porto Real de Investimento S.A. data was reported at 0.000 % per Month in 03 Jul 2019. This stayed constant from the previous number of 0.000 % per Month for 02 Jul 2019. Brazil Lending Rate: per Month: Pre-Fixed: Individuals: Mortgages with Market Rates: Banco Porto Real de Investimento S.A. data is updated daily, averaging 0.000 % per Month from Jan 2012 (Median) to 03 Jul 2019, with 1817 observations. The data reached an all-time high of 0.000 % per Month in 03 Jul 2019 and a record low of 0.000 % per Month in 03 Jul 2019. Brazil Lending Rate: per Month: Pre-Fixed: Individuals: Mortgages with Market Rates: Banco Porto Real de Investimento S.A. data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Interest and Foreign Exchange Rates – Table BR.MB011: Lending Rate: per Month: by Banks: Pre-Fixed: Individuals: Mortgages with Market Rates. Lending Rate: Daily: Interest rates disclosed represent the total cost of the transaction to the client, also including taxes and operating. These rates correspond to the average fees in the period indicated in the tables. There are presented only institutions that had granted during the period determined. In general, institutions practicing different rates within the same type of credit. Thus, the rate charged to a customer may differ from the average. Several factors such as the time and volume of the transaction, as well as the guarantees offered, explain the differences between interest rates. Certain institutions grant allowance of the use of the term overdraft. However, this is not considered in the calculation of rates of this type. It should be noted that the overdraft is a modality that has high interest rates. Thus, its use should be restricted to short periods. If the customer needs resources for a longer period, should find ways to offer lower rates. The Brazilian Central Bank publishes these data with a delay about 20 days with relation to the reference period, thus allowing sufficient time for all Financial Institutions to deliver the relevant information. Interest rates presented in this set of tables correspond to averages weighted by the values of transactions conducted in the five working days specified in each table. These rates represent the average effective cost of loans to customers, consisting of the interest rates actually charged by financial institutions in their lending operations, increased tax burdens and operational incidents on the operations. The interest rates shown are the average of the rates charged in the various operations performed by financial institutions, in each modality. In one discipline, interest rates may differ between customers of the same financial institution. Interest rates vary according to several factors, such as the value and quality of collateral provided in the operation, the proportion of down payment operation, the history and the registration status of each client, the term of the transaction, among others . Institutions with “zero” did not operate on modalities for those periods or did not provide information to the Central Bank of Brazil. The Central Bank of Brazil assumes no responsibility for delay, error or other deficiency of information provided for purposes of calculating average rates presented in this