Brazil SELIC Rate Target
FIND, SAVE & TRACK INVESTMENTS WITH CBONDS WATCHLIST
With Cbonds Watchlist you can always stay updated on your investments to make conscious decisions!
With Cbonds Watchlist you can always stay updated on your investments to make conscious decisions!
Everything you need for fixed income research and monitoring.
The Selic rate is the average interest rate charged on the daily interbank loans—with a maturity of one day (overnight) backed by federal government securities—registered in the Special System of Clearance and Custody (Selic). Specifically, the BCB’s Monetary Policy Committee (Copom) sets the target for the Selic rate every 45 days in a two-day meeting. Accordingly, open market operations are carried out in order to keep the daily effective Selic rate close to the target. In 1999 the Bank adopted inflation-targeting regime.
Index value can be retrieved via Cbonds add-in for Excel using the formula CbondsIndexValue(1499, date)
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