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The long-term interest rate (TJLP), created by Ministerial Order No. 684 of December 31, 1994 and published in the Federal Official Gazette on November 3, 1994, is defined as the basic cost of financing granted by the BNDES.
The long term interest rate - TJLP lasts for a calendar-trimester period and is calculated according to the following
parameters:
I - the inflation mark calculated pro rata for the twelve months following the first month of validity of the rate, based in the annual fixed marks established by the Conselho Monetário Nacional [National Monetary Council];
II - risk premium.
The TJLP is set by the Conselho Monetário Nacional and published until the last working day of the trimester immediately previous to its starting validity.
The recent behavior of the TJLP rate is shown below (in annual
terms):
TJLP Evolution
| OCT
/ DEC 2008 |
6.25% |
| JUL /
SEP 2008 |
6.25% |
| APR
/ JUN 2008 |
6.25% |
| JAN /
MAR 2008 |
6.25% |
| OCT
/ DEC 2007 |
6.25% |
| JUL
/ SEP 2007 |
6.25% |
| APR
/ JUN 2007 |
6.5% |
| JAN /
MAR 2007 |
6.5% |
| OCT
/DEC
2006 |
6.85% |
| JUL /
SEP 2006 |
7.5% |
| APR /JUN
2006 |
8.15% |
| JAN /
MAR 2006 |
9.00% |
| OCT
/DEC
2005 |
9.75% |
| JUL /
SEP 2005 |
9.75% |
| APR /JUN
2005 |
9.75% |
| JAN /
MAR 2005 |
9.75% |
| OCT
/DEC
2004 |
9.75% |
| JUL /
SEP 2004 |
9.75% |
| APR /JUN
2004 |
9.75% |
| JAN /
MAR 2004 |
10.00% |
| OCT
/DEC
2003 |
11.00% |
| JUL /
SEP 2003 |
12.00% |
| APR /JUN
2003 |
12.00% |
| JAN / MAR
2003 |
11.00% |
| OCT /
DEC 2002 |
10.00% |
| JUL /
SEP 2002 |
10.00% |
| APR / JUN 2002 |
9.50% |
| JAN / MAR 2002 |
10.00% |
| OCT / DEC 2001 |
10.00% |
| JUL / SEP 2001 |
9.50% |
| APR / JUN 2001 |
9.25% |
| JAN / MAR 2001 |
9.25% |
| OCT / DEC 2000 |
9.75% |
| JUL / SEP 2000 |
10.25% |
| APR / JUN 2000 |
11.00% |
| JAN / MAR 2000 |
12.00% |
| OCT / DEC 99 |
12.50% |
| JUL / SEP 99 |
14.05% |
| APR / JUN 99 |
13.48% |
| JAN / MAR 99 |
12.84% |
| DEC 98 |
18.06% |
| SEP / NOV 98 |
11.68% |
| JUN / AUG 98 |
10.63% |
| MAR / MAY 98 |
11.77% |
| DEC 97 / FEB 98 |
9.89% |
| SEP / NOV 97 |
9.40% |
| JUN / AUG 97 |
10.15% |
| MAR / MAY 97 |
10.33% |
| DEC 96 / FEB 97 |
11.02% |
| SEP / NOV 96 |
14.97% |
| JUN / AUG 96 |
15.44% |
| MAR / MAY 96 |
18.84% |
| DEC 95 / FEB 96 |
17.72% |
| SEP / NOV 95 |
21.94% |
| JUN / AUG 95 |
24.73% |
| MAR / MAY 95 |
23.65% |
| DEC 94 / FEB 95 |
26.01% |
 For more information:
Long-Term Interest Rate
(TJLP) (*)
Last version: July, 2008
(*) PDF file. To visualize such file, you need Acrobat Reader which can be freely obtained at
Adobe.
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