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'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 May 2025 about Brazil, interest rate, interest, and rate.

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.

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 (%) 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.

Mortgage credit interest rate, percent in Brazil, March, 2025 The most recent value is 10.91 percent as of March 2025, an increase compared to the previous value of 9.98 percent. Historically, the average for Brazil from March 2011 to March 2025 is 9.01 percent. The minimum of 6.63 percent was recorded in May 2021, while the maximum of 11.41 percent was reached in July 2023. | TheGlobalEconomy.com

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Brazil (IRSTCB01BRM156N) from Oct 1996 to Dec 2023 about Brazil, overnight, interest rate, banks, interest, depository institutions, and rate.

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.

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

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for Brazil Interest 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.;;

Deposit interest rate (%) in Brazil was reported at 7.7037 % in 2024, 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 July of 2025.

Brazil: Interest rates on bank credit to the private sector: The latest value from 2023 is 43.6 percent, an increase from 39.4 percent in 2022. In comparison, the world average is 14.19 percent, based on data from 83 countries. Historically, the average for Brazil from 1997 to 2023 is 49.17 percent. The minimum value, 27.39 percent, was reached in 2013 while the maximum of 86.36 percent was recorded in 1998.

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 June of 2025.

Bank Lending Rate in Brazil increased to 58.20 percent in May from 57.60 percent in April of 2025. This dataset provides - Brazil Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Brazil BR: Deposit Interest Rate data was reported at 12.139 % pa in 2023. This records an increase from the previous number of 11.999 % pa for 2022. Brazil BR: Deposit Interest Rate data is updated yearly, averaging 17.743 % pa from Dec 1982 (Median) to 2023, with 42 observations. The data reached an all-time high of 9,394.293 % pa in 1990 and a record low of 2.196 % pa in 2020. Brazil BR: Deposit 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. Deposit interest rate is the 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.;;

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.;;

A revolving credit card in Brazil had an average of APR that was over *** percent, as the country dealt with inflation and a lack of credit card regulation. This is according to information from the country's central bank, which tracked the Annual Percentage Rate or APR for both installment credit cards and revolving credit cards. The interest rates in Brazil are sizable: Out of 63 regulated institutions that deal with credit cards in the country, only ***** had an APR that was below 100 percent. This 100 percent is part of a proposal in late 2023 to impose of a maximum interest rate. Credit cards long ranked as Brazil's most popular payment method for online shopping.