{
  "data": {
    "id": "banco-central-do-brasil-2026-01-28",
    "bank": "banco-central-do-brasil",
    "bankName": "Banco Central do Brasil",
    "country": "BR",
    "date": "2026-01-28",
    "announceAt": "2026-01-28T21:30:00Z",
    "timezone": "America/Sao_Paulo",
    "dateStatus": "published",
    "movedFrom": null,
    "rateBefore": 15,
    "step": 0.25,
    "calendarSource": "https://www.bcb.gov.br/en/about/bcb-calendar",
    "citation": "276th Copom meeting, day 2 on the BCB Calendar (2026, Copom category); decision date also in the Interest rate policy decisions table. Copom meets over two days (usually Tuesday-Wednesday) and the statement is released 'from 6:30 p.m. on' Brasilia time on day 2 (bcb.gov.br/en/monetarypolicy/committee); 18:30 America/Sao_Paulo (UTC-3, no DST) = 21:30Z.",
    "settleSource": {
      "role": "decision-statement",
      "pattern": "https://www.bcb.gov.br/en/monetarypolicy/copomstatements/<numeric id>",
      "foundAt": "https://www.bcb.gov.br/en/monetarypolicy/copomstatements/cronologicos",
      "example": "https://www.bcb.gov.br/en/monetarypolicy/copomstatements/2689",
      "resolvable": false,
      "reads": {
        "right": 0,
        "wrong": 0,
        "void": 0
      }
    },
    "observed": {
      "at": "2026-01-28T21:31:24Z",
      "rateBefore": 15,
      "rateAfter": 15,
      "direction": "hold",
      "statement": "https://www.bcb.gov.br/en/monetarypolicy/copomstatements/2648",
      "observed": true
    },
    "page": "https://macroindex.org/bank/banco-central-do-brasil/decision/2026-01-28",
    "account": {
      "summary": "The Copom held the Selic rate target at 15.00% a year.",
      "vote": "7–0",
      "reasons": [
        "The Committee said headline and underlying inflation had continued to improve but remained above target, with Focus survey expectations at 4.0% for 2026 and 3.8% for 2027.",
        "It said its inflation projection for the third quarter of 2027, the relevant horizon, stood at 3.2%, and that the scenario was still marked by deanchored expectations, resilient activity and labor market pressures."
      ],
      "guidance": "The Committee said that, if the expected scenario was confirmed, it foresaw starting to ease policy at its next meeting while keeping it at a contractionary level.",
      "quote": "The Committee foresees, the expected scenario confirmed, to initiate the flexibilization of its monetary policy stance in its next meeting",
      "links": [
        {
          "label": "Minutes",
          "url": "https://www.bcb.gov.br/en/publications/copomminutes/28012026"
        }
      ],
      "readFrom": [
        "https://www.bcb.gov.br/en/monetarypolicy/copomstatements/2648"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T20:36:35.510Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}