Central Bank RatesBrazil policy rate in 2024 (6 changes)
Start of year11.75%
End of year12.25%Dec 31, 2024
Net change+50 bp3 hikes, 3 cuts
Average10.941%
Rank by level3 / 38
Changes in 2024
| Date | From | To | Change |
|---|---|---|---|
| Feb 1, 2024 | 11.75% | 11.25% | cut -50 bp |
| Mar 21, 2024 | 11.25% | 10.75% | cut -50 bp |
| May 9, 2024 | 10.75% | 10.50% | cut -25 bp |
| Sep 19, 2024 | 10.50% | 10.75% | hike +25 bp |
| Nov 7, 2024 | 10.75% | 11.25% | hike +50 bp |
| Dec 12, 2024 | 11.25% | 12.25% | hike +100 bp |
Compared with other areas at the end of 2024
47.5%
21%
12.25%
10%
9.5%
8.5%
7.75%
6.5%
6.5%
6.5%
6%
5.75%
5.75%
5.75%
5.55%
5%
5%
5%
4.75%
4.75%
4.5%
4.5%
4.375%
4.35%
4.25%
4%
4%
3.25%
3.1%
3%
3%
3%
2.75%
2.6%
2.5%
2.25%
0.5%
0.25%
Year-end rate over time
13.75%
15%
12.25%
11.75%
13.75%
9.25%
2%
4.5%
6.5%
7%
13.75%
14.25%
11.75%
10%
7.25%
11%
10.75%
8.75%
13.75%
11.25%
13.25%
18%
17.75%
16.5%
25%
19%
15.75%
- 2000
- 2001
- 2002
- 2003
- 2004
- 2005
- 2006
- 2007
- 2008
- 2009
- 2010
- 2011
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
- 2023
- 2024
- 2025
- 2026
2024: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.