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.;;

Real interest rate (%) in Brazil was reported at 35.09 % in 2024, 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 July of 2025.

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.

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

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.

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.

Real interest rate of Brazil declined by 4.00% from 36.55 % in 2023 to 35.09 % in 2024. Since the 89.17% jump in 2022, real interest rate shot up by 23.59% in 2024. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator.

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.

The USD/BRL exchange rate rose to 5.5285 on July 24, 2025, up 0.13% from the previous session. Over the past month, the Brazilian Real has strengthened 0.64%, and is up by 2.06% over the last 12 months. Brazilian Real - values, historical data, forecasts and news - updated on July of 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.

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)

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

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

Abstract This paper analyzes the adjustment of the covered interest rate parity equation between the Brazilian real and the US dollar. The objective is to evaluate the short-term response of the spot and future exchange rates to shocks in interest rate differential and country risk. The econometric research shows that the adjustment of the covered parity in Brazil occurs with the movement of the spot and future exchange rates in the same direction - an exchange appreciation due to the increase of the interest rate differential and exchange depreciation in the case of the increase of the country risk - but with a higher volatility of the spot exchange rate.

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.

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)

Public Sector: Last 12 Months Accumulated: % of GDP: Central Bank of Brazil: Uses: Internal Interest Rate: Real Interest data was reported at -1.623 % in Apr 2019. This records an increase from the previous number of -1.746 % for Mar 2019. Public Sector: Last 12 Months Accumulated: % of GDP: Central Bank of Brazil: Uses: Internal Interest Rate: Real Interest data is updated monthly, averaging -0.508 % from Nov 2002 (Median) to Apr 2019, with 198 observations. The data reached an all-time high of 1.994 % in Jul 2003 and a record low of -2.226 % in Sep 2018. Public Sector: Last 12 Months Accumulated: % 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.FA021: Public Sector: Uses and Sources: Central Bank of Brazil: % of Nominal GDP: Last 12 Months Accumulated. Banco Central do Brasil (Bacen)

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.

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.