USDBRL impact due net real interest rates BR/USUSDBRL is going higher due net interest rates difference beteween US FED FUND and BRAZIL SELIC
Key data points
Last release
—
Observation period
Sep 18, 2024
Next release
—
Forecast
11.25%
Highest
45.00% on Mar 5, 1999
Lowest
2.00% on Feb 28, 2021
About Brazil interest rate
In Brazil, interest rate decisions are taken by The Central Bank of Brazil's Monetary Policy Committee (COPOM). The official interest rate is the Special System of Clearance and Custody rate (SELIC) which is the overnight lending rate.
Related indicators
Frequently Asked Questions
Brazil interest rate is 10.75% at the moment.
Last month Brazil interest rate was 10.75%, and the month before that it amounted to 10.5%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.