Central Bank of Brazil Interest Rate Decision

Country: Brazil, BRL
Importance: Medium
Sector: Money
Last release
Actual
13.75%
Forecast
Previous
14.00%
Next release
Actual
Coming in 45 days
Forecast
Previous
13.75%
Date (GMT)
Reference
Actual
Forecast
6.50%
6.50%
6.50%
6.50%
6.50%
6.50%
6.50%
6.50%
6.50%
6.75%
6.50%
7.00%
7.50%
8.25%
9.25%
10.25%
11.25%
12.25%
13.00%
13.75%

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.