Brazil policy rate in 2022 (5 changes)

Start of year9.25%

End of year13.75%Dec 31, 2022

Net change+450 bp5 hikes, 0 cuts

Average12.547%

Rank by level1 / 38

Changes in 2022

Date	From	To	Change
Feb 3, 2022	9.25%	10.75%	hike +150 bp
Mar 17, 2022	10.75%	11.75%	hike +100 bp
May 5, 2022	11.75%	12.75%	hike +100 bp
Jun 16, 2022	12.75%	13.25%	hike +50 bp
Aug 4, 2022	13.25%	13.75%	hike +50 bp

Compared with other areas at the end of 2022

Brazil13.75%

Hungary13%

Colombia12%

Chile11.25%

Mexico10.5%

Türkiye9%

Russia7.5%

Peru7.5%

South Africa7%

Czechia7%

Romania6.75%

Poland6.75%

India6.25%

Iceland6%

Philippines5.5%

Indonesia5.5%

Saudi Arabia5%

Serbia5%

North Macedonia4.75%

Hong Kong4.75%

United States4.375%

New Zealand4.25%

Canada4.25%

China3.65%

Kuwait3.5%

United Kingdom3.5%

South Korea3.25%

Israel3.25%

Australia3.1%

Norway2.75%

Malaysia2.75%

Euro area2.5%

Sweden2.5%

Morocco2.5%

Denmark1.75%

Thailand1.25%

Switzerland1%

Japan-0.1%

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%

← 2021 2023 →

2022: hikes and cuts worldwide →

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