SelicRate

Brazil Takes Bold Action: Central Bank Implements 100 Basis Point Rate Hike

12 days ago

In a decisive move announced on December 11, 2024, Brazil's Central Bank has implemented a significant interest rate increase, raising the benchmark Selic rate by 100 basis points. This aggressive policy shift, moving the rate from 13.50% to 14.50%, places Brazil at the forefront of global monetary tightening efforts, aimed at combating persistent inflationary pressures that continue to affect the economy.

Brazil's Economic Outlook: Analysts Predict Rise in Key Interest Rates and Inflation Through 2027

14 days ago

Brazil's financial landscape is poised for significant changes as analysts forecast an upward trajectory for key interest rates and inflation rates over the next several years. This evolving economic scenario is closely linked to the country’s ongoing efforts to manage its fiscal policies amidst external pressures and internal challenges.

Brazil's Central Bank Takes Bold Step: Rates Hiked by Half a Point to Combat Inflation

2 months ago

In a pivotal move aimed at curbing the soaring inflation that has been plaguing Brazil's economy, the Central Bank of Brazil announced an increase in its key interest rate by half a percentage point on November 6, 2024. This decision signals the bank's aggressive stance in tackling the relentless rise in consumer prices, which have been driven by a combination of global supply chain disruptions and domestic economic pressures.