SELIC rate

E231032

benchmark interest rate monetary policy instrument

The SELIC rate is Brazil’s benchmark interest rate used by the Central Bank of Brazil to guide monetary policy and influence inflation and economic activity.

Try in SPARQL Jump to: Surface forms Disambiguation Statements Elicitation Referenced by

All labels observed (3)

Label	Occurrences
Selic	2
SELIC rate canonical	1
Taxa Selic	1

How this entity was disambiguated

This entity first appeared as the object of triple T2081903 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: SELIC rate
Context triple: [Central Bank of Brazil, interestRateName, SELIC rate]

A. Bank Rate
Bank Rate is the United Kingdom’s official policy interest rate set by the Bank of England to influence borrowing costs, inflation, and overall economic activity.
B. Brazilian real
The Brazilian real is the official currency of Brazil, introduced in 1994 as part of an economic stabilization plan and later subjected to significant devaluation during the 1999 currency crisis.
C. Central Bank of Brazil
The Central Bank of Brazil is the country’s monetary authority responsible for issuing currency, implementing monetary policy, and overseeing the financial system, including managing major events such as the 1999 currency crisis.
D. LPR
LPR is the vehicle registration code used for cars registered in the Finnish city of Lappeenranta.
E. NBRB
NBRB is the central bank of Belarus, responsible for the country’s monetary policy, currency issuance, and financial system regulation.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: SELIC rate
Target entity description: The SELIC rate is Brazil’s benchmark interest rate used by the Central Bank of Brazil to guide monetary policy and influence inflation and economic activity.

A. Bank Rate
Bank Rate is the United Kingdom’s official policy interest rate set by the Bank of England to influence borrowing costs, inflation, and overall economic activity.
B. Brazilian real
The Brazilian real is the official currency of Brazil, introduced in 1994 as part of an economic stabilization plan and later subjected to significant devaluation during the 1999 currency crisis.
C. Central Bank of Brazil
The Central Bank of Brazil is the country’s monetary authority responsible for issuing currency, implementing monetary policy, and overseeing the financial system, including managing major events such as the 1999 currency crisis.
D. LPR
LPR is the vehicle registration code used for cars registered in the Finnish city of Lappeenranta.
E. NBRB
NBRB is the central bank of Belarus, responsible for the country’s monetary policy, currency issuance, and financial system regulation.
F. None of above. chosen

Statements (49)

Predicate	Object
instanceOf	benchmark interest rate ⓘ monetary policy instrument ⓘ
administeredBy	Central Bank of Brazil ⓘ
affects	credit costs in Brazil ⓘ domestic consumption in Brazil ⓘ exchange rate of the Brazilian real ⓘ government bond yields in Brazil ⓘ inflation expectations in Brazil ⓘ investment levels in Brazil ⓘ savings returns in Brazil ⓘ
appliesTo	Brazilian economy ⓘ
basedOn	overnight interbank lending operations backed by government securities ⓘ
category	economics ⓘ interest rates ⓘ monetary policy ⓘ
country	Brazil ⓘ
denominatedIn	Brazilian real ⓘ
determinedBy	Monetary Policy Committee of the Central Bank of Brazil ⓘ
fullName	Sistema Especial de Liquidação e de Custódia interest rate ⓘ
hasAbbreviation	SELIC rate self-linksurface differs ⓘ surface form: Selic
introducedBy	Central Bank of Brazil ⓘ
introducedIn	1979 ⓘ
language	Portuguese ⓘ
legalBasis	Brazilian monetary and financial legislation ⓘ
monitoredBy	financial markets in Brazil ⓘ international investors ⓘ
nativeName	SELIC rate self-linksurface differs ⓘ surface form: Taxa Selic Taxa básica de juros ⓘ
objective	control inflation in Brazil ⓘ maintain price stability in Brazil ⓘ support sustainable economic growth in Brazil ⓘ
partOf	Brazilian monetary policy framework ⓘ
referenceFor	Brazilian Treasury bonds ⓘ CDI rate ⓘ bank loan interest rates in Brazil ⓘ credit card interest rates in Brazil ⓘ fixed-income investments in Brazil ⓘ mortgage interest rates in Brazil ⓘ
region	Latin America ⓘ
regulatedBy	Central Bank of Brazil ⓘ
relatedTo	Brazilian inflation targeting regime ⓘ
shortName	SELIC rate self-linksurface differs ⓘ surface form: Selic
typeOf	overnight interest rate ⓘ
updatedAt	regular meetings of the Monetary Policy Committee ⓘ
usedFor	guiding monetary policy in Brazil ⓘ inflation targeting framework in Brazil ⓘ influencing economic activity in Brazil ⓘ influencing inflation in Brazil ⓘ setting benchmark for other interest rates in Brazil ⓘ

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Central Bank of Brazil → interestRateName → SELIC rate ⓘ

SELIC rate → nativeName → SELIC rate self-linksurface differs ⓘ

this entity surface form: Taxa Selic

SELIC rate → shortName → SELIC rate self-linksurface differs ⓘ

this entity surface form: Selic

SELIC rate → hasAbbreviation → SELIC rate self-linksurface differs ⓘ