Brazil accelerates tightening cycle with 100bp rate hike

The Central Bank of Brazil
Photo: Central Bank of Brazil

The Central Bank of Brazil accelerated the tightening cycle it started in March in a bid to control rapidly rising inflation.

On August 4, the monetary policy committee increased the key Selic rate by 100 basis points to 5.25%, and signalled that another 100bp increase is likely in September. In 2021 so far, the central bank has increased rates by 325bp.

These efforts aim to rein in high and rising inflation. In June, inflation increased year on year by 8.4%, the highest level in five years

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: