Central Bank of Brazil

Central Bank of Brazil

February 7, 2018

Brazilian monetary officials lowered the Selic interest rate by a total of 625 basis points in 2017, but the reduction of 50 basis points in December had been the smallest cut. After meeting this week, members of the monetary committee, Copom, decided unanimously to halve that increment to 25 basis points and asserted that “regarding […] More

Central Bank of Brazil

December 6, 2017

The Selic rate was reduced to 7.0% from 7.5%. The size of the decline, the smallest of eight in 2017, did not surprise analysts. The rate is 625 basis points lower than at end-2016 and down 10.5 percentage points since mid-2014. Today’s decision was voted unanimously and without bias by Copom, the policy committee, and […] More

Central Bank of Brazil

October 25, 2017

Brazil’s monetary policy committee, Copom, has undertaken the ninth interest rate reduction in the past twelve months, reducing its Selic Rate by 75 basis points to 7.5%. The previous four cuts were by a full percentage point each, and the Selic Rate prior to these nine reductions stood at 14.25%.  Earlier, 325 basis points of […] More

Another Brazilian Central Bank Interest Rate Cut

July 26, 2017

The Selic rate has been reduced to 9.25% from 10.25%. The previous cut was made at the end of May and also 100 basis points in size. The current easing cycle began three years ago in July 2014 at 17.5%. A statement released by Copom, the Central Bank of Brazil’s policymaking committee, observes continuing disinflation […] More

Central Bank of Brazil

May 31, 2017

Brazil’s monetary policy committee, known as Copom, just reduced its Selic interest rate by a full percentage point to 10.25%. This was the fourth cut of 2017 and matched the size of the prior reduction in mid-April. Cuts of 75 basis points each were made in January and February. Two cuts of 25 basis points […] More

Full Percentage Point Reduction of the Brazilian Selic Interest Rate

April 12, 2017

The monetary policy committee at the Central Bank of Brazil, known as Copom, cut the Selic rate to 11.25% from 12.25%. This larger incremental cut after ones of 75 basis points in both January and February and 25 bps each last October and November was deemed appropriate according to a released statement. Analysts were anticipating […] More

Another Brazilian Central Bank Rate Cut

February 22, 2017

Brazil’s monetary policy committee known as Copom has reduced its Selic interest rate by 75 basis points for the second time in six weeks, and as in January the decision today was made unanimously. In conjunction with 25-basis point reductions last October and November, the Selic rate of 12.25% now stands two whole percentage points […] More

Pace of Brazilian Monetary Easing Moves to Higher Gear

January 11, 2017

Copom, the monetary policy committee, voted unanimously to reduce the Selic interest rate to 13.0% from 13.75%. This was the third cut since October but three times more sizable than the first two moves. Prior to the current round of easing, the Selic rate was increased from 7.25% in April 2013 to 11.0% a year […] More

A Second 25-Basis Point Brazilian Selic Rate Cut

November 30, 2016

The Central Bank of Brazil’s Selic Rate was reduced at a second straight meeting by 25 basis points to 13.75%. A similar reduction on October 19 had constituted a trend change. Previously between October 2014 and July 2015, Brazilian monetary policymakers had increased interest rates by 325 basis points from 11.0% to 14.25%. Officials on […] More

Central Bank of Brazil Leaves Selic Rate at 14.25%

August 31, 2016

The Selic Rate has been 14.25% since a 50-basis point hike in July 2015 culminated 325 basis points between July 2014 and July 2015. The decision was unanimous by Copom, Brazil’s monetary policymaking committee. A released statement says, Taking into account the baseline scenario, the current balance of risks, and the wide array of available […] More