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Brazil Ex-Post Real Interest Rates (12-Month CDI - 12-Month Inflation)





Frequently Asked Questions

How does the Brazil Ex-Post Real Interest Rate dashboard calculate real interest rates?

The Brazil Ex-Post Real Interest Rate dashboard calculates real interest rates by subtracting the 12-month IPCA inflation from the 12-month growth in the CDI benchmark rate. This method provides a clear view of whether nominal interest rates are keeping pace with inflation, which is crucial for understanding Brazil's monetary policy and investment climate.

What insights can I gain from monitoring the Brazil Ex-Post Real Interest Rates dashboard?

By monitoring the Brazil Ex-Post Real Interest Rates dashboard, investors can assess the real monetary stance in Brazil, which directly impacts the Selic rate, local interest rates, and the Brazilian Real (BRL). The dashboard also highlights historical trends and recession periods, aiding in investment decision-making in emerging markets.

How often is the data on the Brazil Ex-Post Real Interest Rates dashboard updated?

The data on the Brazil Ex-Post Real Interest Rates dashboard is updated as new releases for the CDI and IPCA become available. This ensures that users have access to the most current information regarding Brazil's real interest rates and their implications for financial markets and investments.

Methodology and data notes

This dashboard tracks Brazil’s ex-post real interest rate by subtracting 12-month IPCA inflation from the 12-month growth in the CDI benchmark rate. The result approximates the realized real short-rate backdrop in Brazil over the past year, showing whether nominal rates have outpaced inflation or fallen behind it. Recession shading is included to provide business-cycle context for changes in real rates. Data is updated as new CDI and IPCA releases become available and is presented with historical context to highlight tightening and easing regimes. Use it to monitor Brazil’s real monetary stance and implications for the Selic path, local rates, BRL and risk assets.