Selic rate today
- Data for: Oct 2026
- Oct 2025: 15.00% (−1.25 pp)
- Source: Central Bank of Brazil (SGS series 432)
The Selic target is 13.75% a year, in effect since Sep 17, 2026, set by the Central Bank's Monetary Policy Committee (Copom).
Series used: Selic target set by Copom (SGS 432). Data updated on .
Latest changes to the target
| In effect since | Target (% a year) |
|---|---|
| Sep 17, 2026 | 13.75% |
| Aug 6, 2026 | 14.00% |
| Jun 18, 2026 | 14.25% |
| Apr 30, 2026 | 14.50% |
| Mar 19, 2026 | 14.75% |
| Jun 19, 2025 | 15.00% |
| May 8, 2025 | 14.75% |
| Mar 20, 2025 | 14.25% |
| Jan 30, 2025 | 13.25% |
| Dec 12, 2024 | 12.25% |
What the market expects
In the Focus survey of Oct 9, 2026, the median forecast for the Selic at the end of 2026 was 13.25%, and 11.75% at the end of 2027. They are analyst expectations and change every week.
Value at the end of each year
| Year | Selic target rate, % a year |
|---|---|
| 2026 (through Oct 2026) | 13.75% |
| 2025 | 15.00% |
| 2024 | 12.25% |
| 2023 | 11.75% |
| 2022 | 13.75% |
| 2021 | 9.25% |
| 2020 | 2.00% |
| 2019 | 4.50% |
| 2018 | 6.50% |
| 2017 | 7.00% |
| 2016 | 13.75% |
| 2015 | 14.25% |
Run the numbers
Analysis on this topic
What the Selic is
The Selic is the benchmark interest rate of the Brazilian economy. Copom sets a target for it at regular meetings, and the Central Bank steers the effective rate to stay close to that target.
How the Selic affects your wallet
When the Selic rises, credit tends to get more expensive (loans, credit cards, overdrafts) and fixed-income investments tend to pay more. When it falls, the opposite happens. The Central Bank uses the Selic mainly to keep inflation under control.
Frequently asked questions
What is the latest value of "Selic rate"?
Selic target rate, % a year: 13.75%, for Oct 2026. A year earlier (Oct 2025): 15.00%.
Is the Selic the interest rate I pay?
No. It is the benchmark rate. The rates charged to people and companies are much higher, because they include default risk, taxes and the banks' margin.
How often does Copom meet?
Copom holds eight meetings a year, and the target only changes when the committee decides to change it.
Where does the "Selic rate" data come from and when is it updated?
The data come from Central Bank of Brazil (SGS series 432). This page shows the figure for Oct 2026 and the base was updated on Oct 26, 2026. The source may revise numbers already published.
Download the data and cite it
Full series in open format: CSV. Unit: % a year (target set by Copom; last value of each month).
Updated . How to cite: dadobruto.com. Selic target rate, % a year. Data: Central Bank of Brazil (SGS series 432). Updated Oct 26, 2026. https://dadobruto.com/en/brazil-in-numbers/selic-rate
License: You may copy and republish the data and charts, including commercially, under the CC BY 4.0 license. The condition is to credit "dadobruto.com" and, when published online, to link to dadobruto.com or to the page the data came from. The original numbers follow the rules of Central Bank of Brazil (SGS series 432).
Also searched as: Brazil interest rate, benchmark interest rate, Copom.