A country's economic situation is what determines investment possibilities, purchasing power and sales boosting in multiple commercial areas. It is through analyses, metrics and indicators that fluctuation percentages are consulted and contribute to risk prevention and investment assertiveness.
One of the most important indexes for assessing Brazil's economic saudi arabia telegram is the SELIC rate. But what is its influence on the real estate market? In this article, you will find out exactly how important it is for the sector, what the SELIC rate will be for each month of 2024, and the expected changes for 2024.
So, shall we go together on this journey of knowledge?
Summary
What is the SELIC Rate?
COPOM Control
What is the impact of the SELIC rate on the real estate market?
SELIC Rate History over the last two years
What is the forecast for the development of the SELIC rate in 2024?
What did you learn from this article?
Do you already know CV CRM?
What is the SELIC Rate?
SELIC rate: image of a surface seen from above with a paper and some graphs and a row of stacked coins.
The rate for the Special Settlement and Custody System , or simply SELIC , is an important economic indicator for Brazil. The entity responsible for collecting and making available the monthly and annual percentage fluctuations is the Monetary Policy Committee , COPOM , which is part of the Central Bank of Brazil system .
The SELIC rate database is used to guide monetary policy , monitor and control inflation , and stabilize the country's economy . It is through this index data that financial institutions make changes to their interest rates .
The SELIC rate is also an important reference for investments in the real estate business area . This is because the influence on interest rates and government bonds ends up changing values and impacting the appreciation or depreciation of various assets in the sector.
The SELIC rate is updated and published periodically by COPOM , and can be easily accessed by any citizen interested in checking the index . Since it is regulated based on COPOM's specificities , I will explore the committee's control over this indicator later.
COPOM Control
COPOM directly influences the development of the SELIC, adjusting the rate according to inflation fluctuations . This is because the objective of the Monetary Policy Committee is to stabilize economic variables and achieve the goals of strategies to control price and interest rate variations .
To define the SELIC rate, COPOM performs an analysis of economic indicators focusing on the inflation rate . By analyzing the projections , it establishes an opinion on the outlook for the index 's evolution in the short, medium and long term .
It is worth noting that the Committee verifies the inflation targets projected by the CMN , understanding these statements and seeking to adjust the SELIC so that it remains within expectations and does not negatively affect the country's economic development .
The meetings to update the SELIC rate take place every 45 days , organizing the decisions and publishing the adjustment on the BCB 's official website . To help you expand your knowledge about COPOM's role in this action, I have put together a brief and very assertive explanatory material .
What is the impact of the SELIC rate on the real estate market?
Since the SELIC rate directly influences the country's economy , its fluctuations have a direct impact on multiple areas of the real estate market . This is because the financial conditions of companies, the behavior of investors and consumption capacities depend on the favorable position of this indicator.
The basic interest rate is aligned with credit access , decreasing or increasing consumers' purchasing power . The growth momentum of the real estate sector depends on the fall in the SELIC to increase the uptake of financing and the acquisition of properties .