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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil Real interest rate (%) climbed to 37.21 Percentage (%) in January 2023
World BankYearlyReleased January 2023
Brazil Real interest rate (%) climbed to 37.21 Percentage (%) in January 2023, up 8.81 Percentage (%) from December's 28.4 Percentage (%) reading.
Latest Release
37.21
Latest (2023)
28.40
Previous
World Bank
Source
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Real Interest Rate (%) (Brazil) was reported at 37.46 Percent in December 2025. The reading rose from the previous value of 34.73 Percent. This is classified as a high-impact indicator released on a yearly basis.
WHY IT MATTERS
The trailing three releases averaged 36.25 Percent, up from the prior three at 21.53 Percent. In December readings over the past 3 years, Real Interest Rate (%) has averaged 36.25 Percent.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate MoM (Sep 11) and Inflation Rate YoY (Sep 11).
Auto-generated from current model state · Refreshes on each release · Last update December 2025.
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Real interest rate (%) - BR
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About Real interest rate (%) — Brazil
DEFINITION
Brazil's Real Interest Rate reached 37.460363% in December 2025, up from 34.728515% in December 2024, marking a notable increase. This rise signals a tightening real yield environment compared to the previous year. Market participants will watch for central bank moves amid this elevated rate level. Updated 7/1/26
WHY THIS INDICATOR MATTERS
Policy-rate decisions and associated communication are the primary near-term driver of front-end rates, currencies, and equity-discount-rate inputs. Surprises against consensus typically move rates and currencies on release. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - BR Events
| Friday, September 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:00 | BR | Inflation Rate MoM | -0.4 | 0.07 | -0.29 | -0.30 | Medium |
| 12:00 | BR | Inflation Rate YoY | 4.24 | 4.44 | 4.27 | 4.28 | Medium |