Economic Calendar > Calendar Details
BrazilApril 29thSELIC benchmark interest rate
| Latest Release | Actual Value | Forecast Value | Previous Value | Next Release Time | Release Frequency | Importance |
|---|---|---|---|---|---|---|
| 2026-04-30 | 14.5% | 14.5% | 14.75% | 2026-08-06 05:30 | Monthly |
|
Historical Data
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Definition
The Central Bank of Brazil's Monetary Policy Committee (Comomé de Política Monetária, COPOM) announces interest rate decisions eight times a year, roughly every 1.5 months, similar to the Federal Reserve's decision-making cycle. The SELIC rate is Brazil's benchmark interest rate set by the Central Bank. SELIC is an acronym for Sistema Especial de Liquidação e Custodia, a Portuguese language spoken in Brazil. It stands for Special Interest Rate for Financial Market Forecasting, Custody, and Settlement.
Impact on Market
Why It Matters
This interest rate is the benchmark rate set by the Central Bank of Brazil, and it has a crucial impact on the Brazilian economy and financial markets. The benchmark interest rate is a universally referenced rate in the financial market; other interest rates and financial asset prices can be determined based on this benchmark rate. The benchmark interest rate is one of the important prerequisites for interest rate liberalization. Under interest rate liberalization, borrowers measuring financing costs, investors calculating investment returns, and government regulation of the macroeconomy all objectively require a universally recognized benchmark interest rate as a reference. Therefore, in a sense, the benchmark interest rate is the core of the interest rate liberalization mechanism.
