Brazil Lowers Benchmark Interest Rate to 14.50 Percent
Brazil lowered the Selic rate by 25 basis points to 14.50 percent in a unanimous vote. Officials cited the need for caution amid ongoing Middle East conflicts.
Xurve View
Xurve View
Brazil's central bank cut its benchmark Selic rate by 25 bps to 14.50% late Wednesday evening. The unanimous decision marks the second consecutive reduction as policymakers remove a restrictive stance held since July 2023. Investors must now weigh geopolitical risks in the Middle East against a strengthening real that aids domestic inflation control.
