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# Banco Central do Brasil Holds Selic at 15.00% After Seven-Meeting Tightening Cycle
- URL: https://www.theglobalbanker.com/banco-central-do-brasil-holds-selic-15-percent-pause-tightening-cycle-august-2025/
- Published: 2025-07-30T22:00:00.000Z
- Updated: 2026-10-02T14:34:38.000Z
- Description: Brazil's Copom held the Selic rate at 15.00% — its highest since 2006 — marking the first pause after seven consecutive hikes totalling 450 basis points.
- Author: TGB Editorial Team
- Tags: Central Banks, Americas, #archive

The Monetary Policy Committee of the Banco Central do Brasil, known as Copom, voted to hold the Selic benchmark interest rate at 15.00% per annum at its July 2025 meeting, bringing to a halt a tightening cycle that had seen the committee deliver seven consecutive increases totalling 450 basis points. It was the first meeting at which rates were left unchanged since the current cycle began.

At 15.00%, the Selic rate stands at its highest level since 2006\. 

#### GUIDANCE

The committee said it anticipated continuing the pause to examine the accumulated effects of the tightening, and to assess whether holding the rate at its current level for a very prolonged period would be enough to bring inflation to target, adding that it would not hesitate to resume hiking if appropriate.