Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Brazil
IRSTCB01BRM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.96
Year-over-Year Change
-13.02%
Date Range
10/1/1996 - 12/1/2023
Summary
This economic trend measures the central bank interest rates in Brazil, which are the immediate (less than 24 hours) rates set by the central monetary authority. These rates are crucial for understanding Brazil's monetary policy and its impact on inflation, economic growth, and financial markets.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Brazil series tracks the short-term interest rates determined by the Central Bank of Brazil. These benchmark rates directly influence borrowing costs, investment decisions, and the broader Brazilian economy.
Methodology
The data is collected and reported by the Central Bank of Brazil.
Historical Context
Central bank interest rates are a key policy tool used by monetary authorities to achieve economic and financial stability.
Key Facts
- Brazil's central bank has set the key interest rate (SELIC) since 1986.
- The central bank adjusts rates to influence inflation, economic growth, and financial stability.
- Brazil has experienced periods of high inflation, leading to frequent rate changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the immediate (less than 24 hours) interest rates set by the Central Bank of Brazil, which are a key tool of the country's monetary policy.
Q: Why is this trend relevant for users or analysts?
A: Central bank interest rates are a critical indicator of a country's monetary policy stance and can have significant impacts on inflation, economic growth, and financial markets.
Q: How is this data collected or calculated?
A: The data is collected and reported directly by the Central Bank of Brazil.
Q: How is this trend used in economic policy?
A: Central bank interest rates are a primary policy instrument used by monetary authorities to achieve their objectives of price stability, full employment, and financial system stability.
Q: Are there update delays or limitations?
A: The data is reported by the Central Bank of Brazil, and there may be occasional delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Brazil (IRSTCB01BRM156N), retrieved from FRED.