Economic Calendar > Calendar Details
BrazilNovember 5thSELIC benchmark interest rate
| Latest Release | Actual Value | Forecast Value | Previous Value | Next Release Time | Release Frequency | Importance |
|---|---|---|---|---|---|---|
| 2025-11-06 | 15% | 15% | 15% | N/A | Monthly |
|
Historical Data
Actual Value
Forecast Value
1 Year
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5 Years
Start Date
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Definition
The Monetary Policy Committee of the Central Bank of Brazil (Comitê de Política Monetária, COPOM) announces interest rate decisions eight times a year, that is, once every 1.5 months, which is similar to the regular decision - making cycle of the Federal Reserve. The SELIC interest rate is the benchmark interest rate for Brazil set by the Central Bank of Brazil. SELIC is an acronym for several Portuguese words (Portuguese is the main language in Brazil). Its full name is Sistema Especial de Liqu
Impact on Market
Why It Matters
This interest rate is the benchmark interest rate set by the Central Bank of Brazil, which has a crucial impact on the Brazilian economy and financial markets. The benchmark interest rate is a rate that has a general reference role in the financial market. Other interest rate levels or financial asset prices can be determined based on this benchmark interest rate level. The benchmark interest rate is one of the important prerequisites for interest rate liberalization. Under the condition of inte
