# Brazil central bank hikes rates by 100 bps, confirms same in March

> Brazil's central bank raised its Selic rate by 100 basis points to 13.25% in a unanimous decision and signaled another hike of the same size in March. It also raised its 2025 inflation forecast to 5.2%.

- Date: 2025-01-30 · published 2025-01-30T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/26712-brazil-central-bank-hikes-rates-by-100-bps-confirms-same-in-march
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher Brazilian interest rates tend to attract capital and support the real, which can make Brazilian feed exports cheaper and slow farmer selling in dollar terms, affecting soybean meal and corn price competition.

## Read by commodity

- SBM: neutral
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-09-18 | [Brazil central bank raises rates by 25 bp, first hike in two years](https://feedsoft.ai/events/12467-brazil-central-bank-raises-rates-by-25-bp-first-hike-in-two-years.md) | -0.6% | +2.9% |
| USDBRL | 2021-10-19 | [Brazil central bank intervenes in FX market rattled by new spending \| Financial Post](https://feedsoft.ai/events/44783-brazil-central-bank-intervenes-in-fx-market-rattled-by-new-spending-financial.md) | +1.4% | -0.4% |
| USDBRL | 2022-05-03 | [Barclays Sees Sharp Rally in Brazil’s Real on Rate Hikes](https://feedsoft.ai/events/41607-barclays-sees-sharp-rally-in-brazil-s-real-on-rate-hikes.md) | +1.9% | -6.0% |
| USDBRL | 2017-04-17 | [EMERGING MARKETS-Brazil real jumps on central bank intervention](https://feedsoft.ai/events/71706-emerging-markets-brazil-real-jumps-on-central-bank-intervention.md) | +0.1% | -0.8% |
| USDBRL | 2021-10-13 | [Brazil central bank sells $1 bln in surprise FX swap auction](https://feedsoft.ai/events/44784-brazil-central-bank-sells-1-bln-in-surprise-fx-swap-auction.md) | +0.4% | -0.5% |
| SBM | 2024-08-30 | [Brazil Real Swings on Fiscal Woes, Central Bank Interventions](https://feedsoft.ai/events/29017-brazil-real-swings-on-fiscal-woes-central-bank-interventions.md) | +3.0% | +4.7% |
| SBM | 2019-06-27 | [Brazil's central bank slashes 2019 GDP growth forecast, sees benign inflation](https://feedsoft.ai/events/58795-brazil-s-central-bank-slashes-2019-gdp-growth-forecast-sees-benign-inflation.md) | -2.4% | -3.0% |
| SBM | 2020-12-10 | [Brazil's real jumps after central bank hints at end of easing cycle \| Financial Post](https://feedsoft.ai/events/49851-brazil-s-real-jumps-after-central-bank-hints-at-end-of-easing-cycle-financial.md) | +2.6% | +15.1% |

## Sources

- wtvbam.com: https://wtvbam.com/2025/01/29/brazil-central-bank-hikes-rates-by-100-bps-confirms-same-in-march/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.