Skip to main content

Central Bank of Brazil hikes rates following knife-edge election

Split MPC raises Selic rate to 11.25% in surprise decision

Dilma Rousseff is the president of Brazil
Dilma Rousseff

The Central Bank of Brazil (CBB) on Wednesday raised its benchmark interest rate to the highest level since 2011, after Sunday's re-election of president Dilma Rousseff pushed the real to its lowest point in nearly a decade.

The monetary policy committee raised the Selic rate by 25 basis points to 11.25% in a surprise decision that saw three out of eight members dissent. Alexandre Tombini, the central bank president, voted with the majority.

The CBB thereby resumed a tightening cycle that has

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

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

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

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

Iniciar sesión
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

.