Brazilian benchmark interest rate
Selic today: current rate and history
The interest rate target set by Copom and the evolution of Brazil’s effective rate.
Latest available observation · Meta Selic
13.75%
per year
Reference:
Month to date
0.83%
Through 09/23/2026 · partial
Year to date · 2026
10.23%
Through 09/23/2026 · partial
Last 12 complete months
14.63%
Through August 2026
Source: Banco Central do Brasil · SGS 432. Data retrieved on: 09/24/2026.
Values reflect the stated retrieval date. Check the source for subsequent publications.
The headline and chart show the Copom Selic target (SGS 432). Accumulated values and the monthly table show effective Selic (SGS 11). The target is not a realized return.
Selic history
Annualized rate at the last observation of each month (% p.a.). The latest point may represent a month in progress.
October 2025 – September 2026
Monthly table
| Month | Change / return |
|---|---|
| September 2026(partial) | 0.83% |
| August 2026 | 1.09% |
| July 2026 | 1.22% |
| June 2026 | 1.12% |
| May 2026 | 1.07% |
| April 2026 | 1.09% |
| March 2026 | 1.21% |
| February 2026 | 1.00% |
| January 2026 | 1.16% |
Original observations: annual rates for CDI/Selic and monthly changes for IPCA/IGP-M/INCC-M.
Sources and methodology
Accumulated values use compounding: [product of (1 + rate/100) − 1] × 100. Percentages are not added together. The last 12 months include complete months only. The year and the last month in daily series may be partial.
Accumulated returns use published effective daily rates, without filling weekends or holidays. The final month in a daily series is marked partial until observations from the following month are available.
The headline and chart show the Copom Selic target (SGS 432). Accumulated values and the monthly table show effective Selic (SGS 11). The target is not a realized return.
History on this page starts in January 2000.
Frequently asked questions
How do target and effective Selic differ?
The Selic target is set by the Monetary Policy Committee. Effective Selic is measured in overnight financing transactions backed by federal government securities. This page distinguishes the annual target from accumulated returns of the effective rate.