Central Bank of Brazil Interest Rate Decision

Country: Brazil, BRL
Importance:
Medium
Sector: Money
Last release
Actual
14.25%
Forecast
Previous
14.50%
Next release
Actual
Coming in 48 days
Forecast
Previous
14.25%
Date (GMT)
Reference
Actual
Forecast
4.25%
3.50%
2.75%
2.00%
2.00%
2.00%
2.00%
2.00%
2.25%
3.00%
3.75%
4.25%
4.50%
5.00%
5.50%
6.00%
6.50%
6.50%
6.50%
6.50%

BCB Interest Rate Decision is adopted by the Monetary Policy Committee Copom. After determining the interest rate, the Central Bank purchases and sells federal government bonds on a daily basis, in order to keep the rate close to the target value. The Central Bank's interest rate is chargeable when trading securities issued by the Brazilian National Treasury. A higher than expected value is seen as positive for the Brazilian real quotes.