Tag: SELIC

• Thursday, June 18th 2026 - 17:53 UTC

  Brazil softens Selic rate but concerns grow about fiscal stimulus on election year and impact of El Niño

  

  Brazil’s central bank interest rate-setting committee, Copom, ‌unanimously voted on Wednesday to lower its benchmark Selic rate by 25 basis points to 14.25%, a level last seen in May 2025, ‌but acknowledging a tougher inflation outlook given the risks from election-year fiscal stimulus and the impact of a likely El Nino weather pattern shock.

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• Thursday, December 11th 2025 - 10:00 UTC

  Brazil: Selic rate kept at 15% for the fourth consecutive time

  

  The Monetary Policy Committee (Copom) of Brazil's Central Bank (BCB) unanimously decided on Wednesday to keep the economy's base interest rate known as Selic at 15% per annum, in accordiance with market expectations, given the current declining inflation and economic slowdown.

• Thursday, November 6th 2025 - 10:51 UTC

  Brazil's productive sectors uneasy with Selic kept at 15%

  

  Brazil's Central Bank's (BCB) Monetary Policy Committee (Copom) decided on Wednesday to maintain the basic Selic interest rate at 15% per annum, which drew long faces among the country's industry, commerce, and trade sectors.

• Thursday, May 8th 2025 - 10:41 UTC

  BCB ups Selic rate to 14.75% per annum

  

  Brazil's Central Bank's (BCB) Monetary Policy Committee (Copom) unanimously decided Wednesday to raise the Selic benchmark rate by 0.5 percentage points to 14.75% per year, consolidating a contraction cycle. This decision was driven by high food and energy prices and global economic uncertainties, and the financial markets were expecting the move.

• Wednesday, December 18th 2024 - 10:22 UTC

  Brazil: Selic rate expected to keep growing next year

  

  Brazil's Central Bank's (BCB) Monetary Policy Committee (Copom) said Tuesday in a document that further hikes to the basic interest rate (Selic) were not to be ruled out next year given the rise of the US dollar against the Brazilian real, which crossed the BR$ 6 / US$ 1 barrier after the fiscal package announced by the Government of President Luiz Inácio Lula da Silva in recent days negatively impacted the market.

• Saturday, June 22nd 2024 - 09:37 UTC

  Lula believes Selic should have been lowered

  

  Brazilian President Luiz Inácio Lula da Silva was strongly critical of his country's Central Bank's (BCB) decision not to lower the benchmark Selic interest rate this week and leave it at 10.5% per annum instead.

• Thursday, February 1st 2024 - 10:51 UTC

  Brazil lowers Selic basic interest rate

  

  Brazil's Monetary Policy Committee (Copom) unanimously decided Wednesday to cut down the country's basic interest rate known as Selic by 0.5 percentage points to 11.25% per year, Agencia Brasil reported.

• Thursday, June 16th 2022 - 07:39 UTC

  Brazil's central bank raises Selic rate to 13,75%, hoping to contain inflation

  

  Brazil's central bank raised its benchmark interest rate for the 11th straight time on Wednesday, bringing the Selic rate to 13,75%, in an attempt to contain inflation in Latin America’s biggest economy.

• Thursday, October 28th 2021 - 09:55 UTC

  Brazil's Central Bank increases Selic rate above expectations

  

  Brazil's Central Bank (BCB) Monetary Policy Committee (Copom) decided once again Wednesday to increase the basic Selic interest rate from 6.25% to 7.75% annually, in what turned out to be the sharpest rise since December 2002, it was announced.

• Thursday, September 23rd 2021 - 09:01 UTC

  Brazil increases Selic interest rate to 6,25%, the highest in two years

  

  As expected the Brazilian central bank on Wednesday increased a whole percentage point of its basic Selic interest rate to 6,25%, the fifth in a row and the highest in two years. The Monetary Policy Committee, Copon unanimously voted for the increase in an attempt to contain inflation.