Brazil policy rate in 2021 (7 changes)

Start of year2.00%

End of year9.25%Dec 31, 2021

Net change+725 bp7 hikes, 0 cuts

Average4.538%

Rank by level2 / 38

Changes in 2021

Date	From	To	Change
Mar 18, 2021	2.00%	2.75%	hike +75 bp
May 6, 2021	2.75%	3.50%	hike +75 bp
Jun 17, 2021	3.50%	4.25%	hike +75 bp
Aug 5, 2021	4.25%	5.25%	hike +100 bp
Sep 23, 2021	5.25%	6.25%	hike +100 bp
Oct 28, 2021	6.25%	7.75%	hike +150 bp
Dec 9, 2021	7.75%	9.25%	hike +150 bp

Compared with other areas at the end of 2021

Türkiye14%

Brazil9.25%

Russia8.5%

Mexico5.5%

India4%

Chile4%

China3.8%

South Africa3.75%

Czechia3.75%

Indonesia3.5%

Colombia3%

Peru2.5%

Hungary2.4%

Philippines2%

Iceland2%

Romania1.75%

Poland1.75%

Malaysia1.75%

Morocco1.5%

Kuwait1.5%

North Macedonia1.25%

Saudi Arabia1%

Serbia1%

South Korea1%

New Zealand0.75%

Thailand0.5%

Norway0.5%

Hong Kong0.5%

United Kingdom0.25%

Canada0.25%

United States0.125%

Israel0.1%

Australia0.1%

Euro area0%

Sweden0%

Japan-0.1%

Denmark-0.6%

Switzerland-0.75%

Year-end rate over time

202613.75%

202515%

202412.25%

202311.75%

202213.75%

20219.25%

20202%

20194.5%

20186.5%

20177%

201613.75%

201514.25%

201411.75%

201310%

20127.25%

201111%

201010.75%

20098.75%

200813.75%

200711.25%

200613.25%

200518%

200417.75%

200316.5%

200225%

200119%

200015.75%

← 2020 2022 →

2021: hikes and cuts worldwide →

Daily policy-rate data compiled by the BIS. Not investment advice.