Banks › Banco Central do Brasil › History › 29 Apr 2026
Banco Central do Brasil: decision of 29 April 2026
The Copom cut the Selic rate target by 25 basis points to 14.50% a year.
Decision
cut
- Rate
- 14.75%↓14.50%
- Change
- −25 bp
- Vote
- 6–0
- Announced
- 18:30 Sao Paulo time
Sources
- Statement
- bcb.gov.br/en/monetarypolicy/copomstatem…
- Minutes
- bcb.gov.br/en/publications/copomminutes/…
- Recorded
- 29 Apr 2026
- Data
- JSON
What the bank said
The Committee said headline and underlying inflation had risen further from target, with Focus expectations at 4.9% for 2026 and its own projection for the fourth quarter of 2027 at 3.5%.
It said the prolonged contractionary Selic had provided evidence of transmission to the economic slowdown, allowing it to proceed with the calibration cycle while adjusting its pace and extension to new information.
Guidance. The Committee said future calibration steps would incorporate new information on the depth and duration of the Middle East conflicts and their effects on prices.
“the Committee reaffirms serenity and cautiousness in the conduction of monetary policy”
Before and after
- Previous decision: 18 Mar 2026, cut the Selic rate target by 25 bp to 14.75%.
- Next decision: 17 Jun 2026, cut the Selic rate target by 25 bp to 14.25%.
- All Banco Central do Brasil decisions and the rate history