Banco Central do Brasil

CopomCUTTING

Rate

13.75%

Target

3.0% ±1.5pp IPCA (continuous)

Hawk/Dove

-0.036

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

Paulo Picchetti — Discurso PP 3F 11 9 26

2026-09-11

0.00

Gabriel Muricca Galípolo — Apresentacao GabrielGalipolo FebrabanTech 24.8.2026

2026-08-24

-0.05

Gabriel Muricca Galípolo — Apresentacao GabrielGalipolo Expert XP VPUB

2026-07-24

+0.05

Gabriel Muricca Galípolo — GG PPT CAE 19 05 26

2026-05-19

+0.25

Paulo Picchetti — Itaú Latam Day - 2026 IMF/World Bank Group Spring Meetings

2026-04-16

+0.05

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

Copom — Hawk/Dove Scorecard

Full scorecard →

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

Gabriel Muricca Galípolo

Governor

+0.01

GovernorVoter4 speeches25 votes1 dissents

Ailton de Aquino Santos

Deputy Governor for Supervision

+0.04

InternalVoter25 votes1 dissents

Gilneu Francisco Astolfi Vivan

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

+0.04

InternalVoter13 votes

Izabela Moreira Correa

Deputy Governor for Citizenship and Conduct Supervision

+0.04

InternalVoter13 votes

Nilton José Schneider David

Deputy Governor for Monetary Policy

+0.12

InternalVoter2 speeches13 votes

Paulo Picchetti

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

+0.09

InternalVoter5 speeches21 votes1 dissents

Rodrigo Alves Teixeira

Deputy Governor for Administration

+0.08

InternalVoter20 votes1 dissents