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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 | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Watch | → 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 34.73 Percent in December 2024. The reading fell from the previous value of 36.55 Percent. This is classified as a high-impact indicator released on a yearly basis.
WHY IT MATTERS
The trailing three releases averaged 33.23 Percent, up from the prior three at 22.70 Percent.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (May 28) and Gross Domestic Product YoY (May 29).
Auto-generated from current model state · Refreshes on each release · Last update December 2024.
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Real interest rate (%) - BR
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About Real interest rate (%) — Brazil
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
| Monday, May 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 11:30 | BR | Foreign Direct Investment | 6.04 | 5.2 | 6.29 | Low | |
| 11:30 | BR | Current Account | -6.04 | -5.8 | -7.43 | Low | |
| Tuesday, May 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 11:00 | BR | FGV Consumer Confidence | 89.1 | 89.6 | 88.65 | Low | |
| Wednesday, May 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:00 | BR | IPCA mid-month CPI MoM | 0.89 | 1 | 1.00 | Low | |
| 12:00 | BR | IPCA mid-month CPI YoY | 4.37 | 4.5 | 4.50 | Low | |
| Thursday, May 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 11:30 | BR | Bank Lending MoM | 0.9 | 0.8 | 0.75 | Low | |
| 12:00 | BR | Producer Price Index MoM | 2.37 | 2.1 | 2.10 | Low | |
| 12:00 | BR | Unemployment Rate | 6.1 | 6 | 6.00 | Medium | |
| 12:00 | BR | Producer Price Index YoY | -1.54 | -1.2 | -1.20 | Low | |