Brazil: Central Bank cuts SELIC rate to 6.75%, signals end of easing cycle February 7, 2018 At its 7 February meeting, the Central Bank of Brazil’s Monetary Policy Committee (Comité de Politica Monetaria, COPOM) decided to cut the benchmark SELIC interest rate by 25 basis points, a smaller cut than the 50 basis-point reduction it made at the previous meeting. In Brazil, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories of the index are: Food and beverages (26 percent of the total weight); transport (18 percent); housing (15 percent); health care (12 percent); and personal expenses (11 percent). Bank Lending Rate in Brazil averaged 76.87 percent from 1994 until 2020, reaching an all time high of 254.28 percent in April of 1995 and a record low of 39.12 percent in November of 2010. This page provides - Brazil Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.