Banks › Banco Central do Brasil › History › 17 Jun 2026
Banco Central do Brasil: decision of 17 June 2026
The Copom cut the Selic rate target by 25 basis points to 14.25% a year.
Decision
cut
- Rate
- 14.50%↓14.25%
- Change
- −25 bp
- Vote
- 7–0
- Announced
- 18:30 Sao Paulo time
Sources
- Statement
- bcb.gov.br/en/monetarypolicy/copomstatem…
- Minutes
- bcb.gov.br/en/publications/copomminutes/…
- Recorded
- 17 Jun 2026
- Data
- JSON
What the bank said
The Committee said headline and underlying inflation had accelerated, with headline inflation surpassing the upper limit of the tolerance range, Focus expectations at 5.30% for 2026 and its projection for the fourth quarter of 2027 at 3.7%.
It said the restriction already accumulated allowed different rate paths consistent with convergence, and it assessed paths that bring inflation to target by the first quarter of 2028, the horizon for its next decision.
Guidance. The Committee said the total magnitude of the calibration cycle would be set in light of new information to ensure inflation converges to the target.
“The Committee deemed it appropriate, at this moment, to proceed with the monetary policy calibration cycle, reducing the basic policy rate to 14.25% p.a.”
Before and after
- Previous decision: 29 Apr 2026, cut the Selic rate target by 25 bp to 14.50%.
- Next decision: 5 Aug 2026, cut the Selic rate target by 25 bp to 14.00%.
- All Banco Central do Brasil decisions and the rate history