Policy Rate of the Central Bank of Brazil

The policy interest rate of the Central Bank of Brazil is the benchmark interest rate set as part of Brazil's monetary policy. This rate is determined at regular monetary policy meetings held by the Central Bank of Brazil and is used to adjust economic activity and manage inflation.

When the policy interest rate is increased, borrowing costs rise, which is expected to suppress consumption and investment, thereby controlling inflation. Conversely, if the policy interest rate is decreased, borrowing costs decrease, stimulating consumption and investment, and thereby fostering economic growth.

This data is widely watched because it has significant implications for financial markets and the entire economy. It serves as a crucial information source for policymakers, businesses, and investors to assess economic outlooks and formulate investment strategies.