Brazil policy rate in 2026 (5 changes)

Start of year15.00%

Latest13.75%Oct 6, 2026

Net change-125 bp0 hikes, 5 cuts

Average14.503%

Rank by level3 / 38

Changes in 2026

Date	From	To	Change
Mar 19, 2026	15.00%	14.75%	cut -25 bp
Apr 30, 2026	14.75%	14.50%	cut -25 bp
Jun 18, 2026	14.50%	14.25%	cut -25 bp
Aug 6, 2026	14.25%	14.00%	cut -25 bp
Sep 17, 2026	14.00%	13.75%	cut -25 bp

Compared with other areas at the end of 2026

Türkiye37%

Russia14%

Brazil13.75%

Colombia12.25%

Iceland8%

South Africa7.25%

Romania6.5%

Mexico6.5%

Serbia5.75%

Indonesia5.75%

Hungary5.5%

India5.25%

Philippines5%

Saudi Arabia4.5%

Norway4.5%

Chile4.5%

Australia4.35%

Peru4.25%

North Macedonia4.25%

Hong Kong4.25%

United States3.875%

Poland3.75%

United Kingdom3.75%

Czechia3.75%

Kuwait3.5%

Israel3.25%

South Korea3%

China3%

New Zealand2.75%

Malaysia2.75%

Euro area2.5%

Morocco2.25%

Canada2.25%

Denmark2.1%

Sweden1.75%

Japan1.25%

Thailand1%

Switzerland0%

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%

← 2025

2026: hikes and cuts worldwide →

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