# Brazil’s Central Bank Keeps Key Rate Steady for First Time in 13 Meetings

> Brazil's central bank left its benchmark Selic rate unchanged at a record low of 6.5%. It was the first time in 13 meetings that the bank did not trim the rate, after signaling at its prior meeting that another cut was likely.

- Date: 2018-05-16 · published 2018-05-16T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/65229-brazil-s-central-bank-keeps-key-rate-steady-for-first-time-in-13-meetings
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A pause in easing reduces the outlook for cheaper domestic credit, which can slow Brazilian livestock and feed-sector investment. The move has limited direct price impact on feed commodities.

## 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 | 2025-01-30 | [Brazil central bank hikes rates by 100 bps, confirms same in March](https://feedsoft.ai/events/26712-brazil-central-bank-hikes-rates-by-100-bps-confirms-same-in-march.md) | -1.4% | -0.9% |
| 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 | 2022-06-14 | [Analysis: Exchange rate unlikely to mean trouble for Brazil’s Central Bank](https://feedsoft.ai/events/11313-analysis-exchange-rate-unlikely-to-mean-trouble-for-brazil-s-central-bank.md) | +0.7% | +5.4% |
| 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% |

## Sources

- wsj.com: https://www.wsj.com/articles/brazils-central-bank-keeps-key-rate-steady-for-first-time-in-13-meetings-1526506341

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