Banco Central do Brasil

CopomCUTTING

Rate

14.25%

Target

3.0% ±1.5pp IPCA (continuous)

Hawk/Dove

0.000

Decision

majority vote

Votes

Published

Hawk/Dove Stance

DovishNeutralHawkish

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Series:

Policy Rate History

Hawk/Dove History

Policy Rate × Hawk/Dove Overlay

Policy Rate (LHS)Hawk/Dove (RHS)

Recent Speeches

Renato Dias de Brito Gomes — Central Banking Autumn Meetings 2025

2025-11-20

0.00

Gabriel Muricca Galípolo — Indonesia-Brazil Business Forum

2025-10-23

-0.25

Paulo Picchetti — JP Morgan Seminar - IMF Annual Meetings 2025

2025-10-15

+0.45

Nilton José Schneider David — IMF Annual Meetings 2025

2025-10-14

+0.25

Diogo Abry Guillen — HSBC Brazil Investment Forum

2025-09-29

+0.25

Diogo Abry Guillen — Citibank webinar Monetary policy discussion

2025-09-26

+0.25

Diogo Abry Guillen — Thematic Workshop on Securities Statistics and Recommendation 4 on Climate Finan...

2025-05-20

0.00

Paulo Picchetti — IMF/World Bank Group Spring Meetings

2025-04-24

+0.25

Copom — Hawk/Dove Scorecard

Full scorecard →

Composite = 60% votes + 40% speeches. Click any member for detailed charts.

Gabriel Muricca Galípolo

Governor

+0.04

GovernorVoter4 speeches24 votes1 dissents

Ailton de Aquino Santos

Deputy Governor for Supervision

+0.08

InternalVoter24 votes1 dissents

Gilneu Francisco Astolfi Vivan

Deputy Governor for Regulation (also Financial System Organization and Resolution)

+0.08

InternalVoter12 votes

Izabela Moreira Correa

Deputy Governor for Citizenship and Conduct Supervision

+0.08

InternalVoter12 votes

Nilton José Schneider David

Deputy Governor for Monetary Policy

+0.15

InternalVoter2 speeches12 votes

Paulo Picchetti

Deputy Governor for International Affairs and Corporate Risk Management (also Economic Policy)

+0.12

InternalVoter4 speeches20 votes1 dissents

Rodrigo Alves Teixeira

Deputy Governor for Administration

+0.11

InternalVoter19 votes1 dissents