# Brazil’s Central Bank maintains basic interest rate at 13.75% a year | Agência Brasil

> Brazil's central bank unanimously kept the Selic rate at 13.75% for a fifth straight meeting, citing a weaker global environment from banking problems in the US and Europe. The bank noted a domestic slowdown and inflation above the target ceiling, and uncertainty over the government's fiscal framework.

- Date: 2023-03-23 · published 2023-03-23T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/37069-brazil-s-central-bank-maintains-basic-interest-rate-at-13-75-a-year-agencia
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Holding high interest rates tends to support the real and slow Brazilian domestic demand, which can weigh on local feed and meat demand while keeping Brazilian currency and export competitiveness in focus for grain and meal buyers.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-12-08 | [Brazil central bank makes 150 bps interest rate hike, signals another](https://feedsoft.ai/events/43827-brazil-central-bank-makes-150-bps-interest-rate-hike-signals-another.md) | +0.7% | +1.3% |
| USDBRL | 2022-09-26 | [Brazil makes first FX intervention of the year - Central Banking](https://feedsoft.ai/events/39790-brazil-makes-first-fx-intervention-of-the-year-central-banking.md) | +3.1% | +0.8% |
| USDBRL | 2018-06-08 | [Brazil Central Bank unveils $20 billion to curb dollar \| Agência Brasil](https://feedsoft.ai/events/5380-brazil-central-bank-unveils-20-billion-to-curb-dollar-agencia-brasil.md) | -5.8% | -0.6% |
| USDBRL | 2025-03-27 | [Brazil's central bank signals need for higher rates for longer](https://feedsoft.ai/events/25807-brazil-s-central-bank-signals-need-for-higher-rates-for-longer.md) | -0.7% | -0.7% |
| USDBRL | 2025-02-03 | [Trump's tariffs raise fears Brazil's central bank is out of step on inflation](https://feedsoft.ai/events/26256-trump-s-tariffs-raise-fears-brazil-s-central-bank-is-out-of-step-on-inflation.md) | -0.9% | +0.8% |

## Sources

- agenciabrasil.ebc.com.br: https://agenciabrasil.ebc.com.br/en/economia/noticia/2023-03/copom-maintains-economys-basic-interest-rate-1375-year

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