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Cost of moneyBrazil

Real policy rate in Brazil

Does money at the central bank’s rate actually beat inflation?

Brazil's real policy rate is 8.73 % — #1 of 53 countries on the atlas (higher is better). Period 2026-09.

8.73%

Checked 24 Oct 2026Period 2026-09

Source: Fiatmap derived metrics (own calculation from separately sourced components)

Positive: money in the bank in Brazil currently grows 8.7 pp faster than prices.

Real policy rate in Brazil over time

9.23 %8.98 %8.73 %9.23 % · June 2026June 2026: 9.23 %August 2026: 8.98 %September 2026: 8.73 %June 2026August 2026September 20268.73 %
3 official observations, June 2026 → September 2026. Every point is a published value — never interpolated.
Rank
#1 of 53
higher is better
Ranked behind
98 %
52 of 53 countries
Latest move
▼ 0.25 pp
since August 2026
Below its peak
0.50 pp
peak 9.23 % in June 2026
Full series
▼ 0.50 pp
since June 2026

vs median 0.88 %: +7.85 pp (better)

Among 53 countries

2 of 53 countries between -1.92 % and -1.62 %1 of 53 countries between -1.62 % and -1.32 %4 of 53 countries between -1.32 % and -1.02 %1 of 53 countries between -1.02 % and -0.72 %1 of 53 countries between -0.72 % and -0.42 %3 of 53 countries between -0.42 % and -0.12 %7 of 53 countries between -0.12 % and 0.18 %7 of 53 countries between 0.18 % and 0.48 %4 of 53 countries between 0.78 % and 1.08 %5 of 53 countries between 1.08 % and 1.38 %3 of 53 countries between 1.38 % and 1.68 %1 of 53 countries between 1.68 % and 1.98 %1 of 53 countries between 1.98 % and 2.28 %2 of 53 countries between 2.28 % and 2.58 %4 of 53 countries between 2.58 % and 2.88 %1 of 53 countries between 2.88 % and 3.18 %1 of 53 countries between 3.18 % and 3.48 %2 of 53 countries between 3.78 % and 4.08 %3 of 53 countries between 4.98 % and 5.28 %median 0.88 %Brazil: ahead of 98 % of the 53 countries with a published real policy rateBrazil 8.73 % →-1.92 %5.28 %
Half of all 53 countries sit between -0.06 % and 2.16 %. Brazil is ahead of 98 % of them. Axis trimmed to the 2nd–98th percentile; 3 values beyond it sit in the end bars.

The neighbourhood

#CountryReal policy ratevs Brazil
1 Brazil8.73 %—
2 Colombia6.86 %−1.87 pp
3 Russia5.28 %−3.45 pp
4 South Africa4.04 %−4.69 pp
5 Indonesia3.84 %−4.89 pp

Policy rate minus annual CPI inflation — positive means money in the bank beats inflation. Our calculation from separately sourced components.

How to read this figure

Our own calculation: the central bank policy rate minus annual CPI inflation. It answers one question — does parked money beat rising prices? Both components are separately sourced official figures, and we never compute it when either leg is missing.

Next, about Brazil

Inflation rateLending rate
Real policy rate, all countries ranked →Compare Brazil with another country →Everything about Brazil →Methodology →
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