Brazil SELIC Rate Target
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1 000 000
债券
100 000
股票
175 910
ETF & Funds
8万
指数
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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.