Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates. In 2022, Brazil's Central Bank set the monetary policy rate at 12.73percent, up from 4.91 percent in the previous year.
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Economic Commission for Latin America and the Caribbean. (August 14, 2023). Monetary policy rate in Brazil from 2005 to 2022 [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1060286/brazil-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean. "Monetary policy rate in Brazil from 2005 to 2022." Chart. August 14, 2023. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1060286/brazil-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean. (2023). Monetary policy rate in Brazil from 2005 to 2022. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1060286/brazil-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean. "Monetary Policy Rate in Brazil from 2005 to 2022." Statista, Statista Inc., 14 Aug 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1060286/brazil-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean, Monetary policy rate in Brazil from 2005 to 2022 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1060286/brazil-monetary-policy-rate/ (last visited November 13, 2024)
Monetary policy rate in Brazil from 2005 to 2022 [Graph], Economic Commission for Latin America and the Caribbean, August 14, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1060286/brazil-monetary-policy-rate/
