# Brazil central bank makes 150 bps interest rate hike, signals another

> Brazil's central bank raised its benchmark interest rate by 150 basis points and signaled another hike of similar size. The move is part of an aggressive campaign against inflation, even as the economy has entered recession.

- Date: 2021-12-08 · published 2021-12-08T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/43827-brazil-central-bank-makes-150-bps-interest-rate-hike-signals-another
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Higher Brazilian rates raise financing costs for livestock, poultry and feed producers, which can slow domestic feed demand and pressure local meat production over time.

## Read by commodity

- USDBRL: neutral
- CHICKEN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-03-23 | [Brazil’s Central Bank maintains basic interest rate at 13.75% a year \| Agência Brasil](https://feedsoft.ai/events/37069-brazil-s-central-bank-maintains-basic-interest-rate-at-13-75-a-year-agencia.md) | -2.3% | -4.0% |
| 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 | 2025-06-30 | [Brazilian economists expect central bank to cut rates in early 2026 despite hawkish signals](https://feedsoft.ai/events/24422-brazilian-economists-expect-central-bank-to-cut-rates-in-early-2026-despite.md) | -0.3% | +2.1% |
| USDBRL | 2024-09-05 | [Brazil's central bank sees stronger growth, higher FX since latest policy meeting \| Reuters](https://feedsoft.ai/events/28519-brazil-s-central-bank-sees-stronger-growth-higher-fx-since-latest-policy.md) | +0.1% | -3.6% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/brazil-central-bank-makes-150-bps-interest-rate-hike-despite-recession-2021-12-08/

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