Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, December 15th 2025 - 14:54 UTC

Tag: SELIC

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

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

    The Selic rate has stayed unchanged for the past four months

    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.

    Add your comment!
  • Thursday, November 6th 2025 - 10:51 UTC

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

    Brazil's industry, commerce, and trade sectors criticized the measure

    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

    It was the sixth Selic rate hike in a row

    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

    Yoy inflation reached 4.87%, slightly above the 3% (+/- 1.5%) target

    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

    After Dec. 31 Lula will have the opportunity to choose a new BCB CEO

    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

    Further Selic cuts are expected in the coming months

    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

    The challenge for policy makers and Brazilian consumers is surging prices, which the central bank has so far struggled to curb

    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

    The council of experts mentions an “underlying inflation”

    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

    Based on the latest numbers, the Brazilian government now estimates an inflation of 8,5% for the twelve months of 2021, in line with market expectations.

    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.

  • Friday, January 22nd 2021 - 08:32 UTC

    Brazil keeps Selic rate at 2%, but uncertainty about economic growth remains

    New fiscal stimulus in some developed countries and the rollout of COVID-19 immunization programs should promote a solid midterm economic recovery

    The Brazil Central bank rate setting committee, Copom, unanimously decided on Wednesday to maintain the Selic rate at 2.00% for the fourth time running, but anticipating that inflation expectations for the next two years have risen and uncertainty surrounds the Brazilian economy in the short term.

Previous