Banks › Banco Central do Brasil › History › 5 Aug 2026
Banco Central do Brasil: decision of 5 August 2026
The Copom cut the Selic rate target by 25 basis points to 14.00% a year.
Decision
cut
- Rate
- 14.25%↓14.00%
- 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
- 5 Aug 2026
- Data
- JSON
What the bank said
The Committee said headline inflation had slowed but remained above the upper limit of the target range, while underlying measures fell slightly below that limit; Focus expectations stood at 5.0% for 2026 and 4.2% for 2027.
It said risks to inflation remained higher than usual with an upward asymmetry and that it was closely monitoring further deanchoring of longer-term expectations; its projection for the first quarter of 2028 was 3.2%.
Guidance. The Committee said it would keep monetary policy adequately restrictive to ensure convergence to the inflation target, with the total size of the calibration cycle set in light of new information.
“keep monetary policy adequately restrictive to ensure convergence to the inflation target”
Before and after
- Previous decision: 17 Jun 2026, cut the Selic rate target by 25 bp to 14.25%.
- Next decision: 16 Sept 2026, cut the Selic rate target by 25 bp to 13.75%.
- All Banco Central do Brasil decisions and the rate history