The Central Bank of Brazil unanimously decided to keep its benchmark interest rate at an all-time low of 2.00 percent on 9 December 2020, as widely expected. The Committee said that recent indicators suggest an improved but uneven recovery in domestic economic activity as uncertainty about growth remains larger than usual. Policymakers noted that inflation readings were higher than expected, as the headline for November jumped to 4.3% from 3.9% in the previous month. The bank also said that the current economic conditions continue to recommend an unusually strong monetary stimulus but it recognised that due to prudential and financial stability reasons the remaining space for stimulus, if it exists, should be small. The Committee deems as adequate the current level of monetary stimulus and the forward guidance introduced in the 232nd meeting. source: Banco Central do Brasil
Interest Rate in Brazil averaged 14.34 percent from 1999 until 2020, reaching an all time high of 45 percent in March of 1999 and a record low of 2 percent in August of 2020. This page provides - Brazil Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Interest Rate in Brazil is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Brazil to stand at 2.00 in 12 months time. In the long-term, the Brazil Interest Rate is projected to trend around 2.00 percent in 2021 and 2.50 percent in 2022, according to our econometric models.