Brazil publishes Normative Instruction 1,700/2017 in the Official Gazette

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Decree No 2017-22042 of 7 March 2017 fixing the market interest rates for interest-free liabilities have been published in Official Journal No 15371 on 17 March 2017. The Decree upgrades and replaces Decree no. BLKB2015 / 1650M of 10 December 2015 and has been effective since 18 March 2017. The Decree provides an overview of the market interest rates per month for the period 2004 to 2016. The latest interest rate is 0.3% for December 2016.

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