Copom: the next meeting
The next Copom decision is on November 4, 2026, in 14 days, from 6:30 p.m. Brasília time. At the last meeting (September 16, 2026), the Copom cut the Selic to 13.75%.
How each decision changes your returns
On R$100,000 at 100% of the CDI (13.65% a year), before tax:
| If the Selic | Per business day | Over a year |
|---|---|---|
| falls 0.50 | R$49.04 | R$13,150.00 |
| falls 0.25 | R$49.91 | R$13,400.00 |
| stays | R$50.79 | R$13,650.00 |
| rises 0.25 | R$51.66 | R$13,900.00 |
| rises 0.50 | R$52.53 | R$14,150.00 |
The CDI Ghost loses health with every cut: today it earns R$50.79 a day on R$ 100k; after a 0.25-point cut, R$49.91.
Latest Copom decisions
| Decision | Meeting | Selic | Change |
|---|---|---|---|
| Sep 16, 2026 | #281 | 13.75% | cut of 0.25 |
| Aug 5, 2026 | #280 | 14.00% | cut of 0.25 |
| Jun 17, 2026 | #279 | 14.25% | cut of 0.25 |
| Apr 29, 2026 | #278 | 14.50% | cut of 0.25 |
| Mar 18, 2026 | #277 | 14.75% | cut of 0.25 |
| Jan 28, 2026 | #276 | 15.00% | held |
| Dec 10, 2025 | #275 | 15.00% | held |
| Nov 5, 2025 | #274 | 15.00% | held |
Decision calendar
- November 4, 2026next
- December 9, 2026
- January 27, 2027
- March 17, 2027
- April 28, 2027
- June 16, 2027
- August 4, 2027
- September 22, 2027
- October 27, 2027
- December 8, 2027
The decision comes out on the second day of each meeting, from 6:30 p.m. The minutes, the following Tuesday at 8 a.m.
Questions
How does a Copom meeting work?
Two days: technical presentations on the economy first, then the Selic decision, published from 6:30 p.m. The minutes come out the following Tuesday.
How many meetings a year?
Eight, every six or seven weeks. The next decisions: Nov 4, 2026, Dec 9, 2026, Jan 27, 2027, Mar 17, 2027.