DeutschBanks / Brazil
Banco Central do Brasil: decision history
Policy rate: Selic rate target
Every observed decision and the rate series. The facts below are computed from observed decisions only, never from the calendar.
21days since the last change (16 Sept 2026)
0consecutive holds
14observed decisions since 29 Jan 2025
Past moves by size
- 100 bp raise ×2
- 50 bp raise ×1
- 25 bp raise ×1
- hold ×5
- 25 bp cut ×5
Observed decisions
| Date | Decision | Before | After | Change | Statement |
|---|---|---|---|---|---|
| cut | 14.00% | ↓13.75% | −25 bp | bcb.gov.br/en/monetarypolicy/copomstatem… | |
| cut | 14.25% | ↓14.00% | −25 bp | bcb.gov.br/en/monetarypolicy/copomstatem… | |
| cut | 14.50% | ↓14.25% | −25 bp | bcb.gov.br/en/monetarypolicy/copomstatem… | |
| cut | 14.75% | ↓14.50% | −25 bp | bcb.gov.br/en/monetarypolicy/copomstatem… | |
| cut | 15.00% | ↓14.75% | −25 bp | bcb.gov.br/en/monetarypolicy/copomstatem… | |
| hold | 15.00% | =15.00% | 0 bp | bcb.gov.br/en/monetarypolicy/copomstatem… | |
| hold | 15.00% | =15.00% | 0 bp | bcb.gov.br/en/monetarypolicy/copomstatem… | |
| hold | 15.00% | =15.00% | 0 bp | bcb.gov.br/en/monetarypolicy/copomstatem… | |
| hold | 15.00% | =15.00% | 0 bp | bcb.gov.br/en/monetarypolicy/copomstatem… | |
| hold | 15.00% | =15.00% | 0 bp | bcb.gov.br/en/monetarypolicy/copomstatem… | |
| raise | 14.75% | ↑15.00% | +25 bp | bcb.gov.br/en/monetarypolicy/copomstatem… | |
| raise | 14.25% | ↑14.75% | +50 bp | bcb.gov.br/en/monetarypolicy/copomstatem… | |
| raise | 13.25% | ↑14.25% | +100 bp | bcb.gov.br/en/monetarypolicy/copomstatem… | |
| raise | 12.25% | ↑13.25% | +100 bp | bcb.gov.br/en/monetarypolicy/copomstatem… |