SELIC rate
E231032
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.
All labels observed (4)
| Label | Occurrences |
|---|---|
| SELIC rate canonical | 2 |
| Selic | 2 |
| Selic policy interest rate | 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
ⓘ
linked to:
SELIC rate
|
| introducedBy | Central Bank of Brazil ⓘ |
| introducedIn | 1979 ⓘ |
| language | Portuguese ⓘ |
| legalBasis | Brazilian monetary and financial legislation ⓘ |
| monitoredBy |
financial markets in Brazil
ⓘ
international investors ⓘ |
| nativeName |
Taxa Selic
ⓘ
linked to:
SELIC rate
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
ⓘ
linked to:
SELIC rate
|
| 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
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: SELIC rate Description of subject: 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.
Referenced by (6)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: SELIC rate
linked to: SELIC rate
linked to: SELIC rate
subject linked to:
Inflation Report
linked to: SELIC rate