For the fifth consecutive time, the rate remains unchanged. There are uncertainties regarding the future fiscal framework, which is being elaborated by the government.
This is the third time in a row that the Central Bank does not change the rate, which has remained at this level since August. The rate remains at the highest level since January 2017, when it was also at 13.75% per year.
This is the second time in a row that the Central Bank did not change the rate. Previously, the Monetary Policy Committee raised the Selic rate 12 times.
The Central Bank is halting increments after 12 hikes in a row—a streak that started amid swelling food, energy, and fuel prices. Future steps may still be adjusted.
The rate is at its highest since April 2017, when it stood at 12.25 percent a year. This was the ninth consecutive adjustment to the Selic rate.
Português 
Español 
