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Central Bank Profile · Tightening · Prototype

🇧🇷 Banco Central do Brasil

Brazil · Currency: BRL · President (placeholder)

Policy Rate
10.75%
prototype
Inflation Target
3.0% ±1.5%
prototype
CPI Inflation
3.0%
2028 · imf
GDP Growth
+2.4%
2028 · imf
Stance
Tightening
prototype
Mandate

Ensure stability of purchasing power; inflation target 3.0% ±1.5%.

Last decision: Hiked Selic by 25 bp to 10.75%

Recent Rate History

  1. -12M12.25%-50 bp
  2. -9M11.25%-50 bp
  3. -6M10.50%-25 bp
  4. -3M10.50%Hold
  5. Recent10.75%+25 bp

Recent Statements

  • Recent

    “Committee will not hesitate to raise the Selic if inflation expectations de-anchor.”

  • -3M

    “Disinflation has slowed; fiscal scenario adds asymmetry to balance of risks.”

  • -6M

    “Easing pace contingent on inflation convergence to target.”

Observed Market Reaction (Last Decision)

Currency
BRL -0.40%
Bonds
10Y NTN-B +12 bp
Equities
Ibovespa -0.80%

Upcoming Data to Watch

  • IPCA-15 inflation
    Next 8 days
  • Focus survey
    Weekly
  • Copom decision
    Next 35 days

Related Economic Intelligence Events

BCB hikes Selic by 25bp to 10.75% as inflation expectations drift
Copom delivers a surprise hike, citing de-anchoring of survey-based inflation expectations amid fiscal concerns.
S&P revises Brazil outlook to Negative on fiscal slippage
S&P keeps BB rating but flips outlook to Negative, citing widening primary deficit and rising debt trajectory.
Brazil soybean exports hit record on China demand surge
May soybean shipments reached an all-time monthly high, lifting the trade surplus and supporting the BRL.