Brazil holds rates amid tariff threats and Trump-Lula feud
Potential 50% levies from US reinforce “cautious stance”, BCB says
The Central Bank of Brazil (BCB) has held its benchmark Selic rate at 15%, as inflation remains above target and rising trade tensions with the US add uncertainty to the economic outlook.
The bank’s monetary policy committee, known as Copom, unanimously voted for the decision yesterday (July 30). This was the committee’s first hold after hiking rates on seven previous consecutive occasions.
“The current scenario, marked by heightened uncertainty, requires a cautious stance in monetary policy,”
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