Brazil cuts rates to 14.25% despite worsening inflation
Copom forecasts 5.2% price growth for 2026 and 3.7% by end of 2027
The Central Bank of Brazil (BCB) has cut rates by a quarter point for the third meeting in a row, despite a more challenging inflation outlook.
The bank’s monetary policy committee, known as Copom, voted unanimously on June 17 to lower the benchmark Selic rate to 14.25%. In a statement, the bank said both economic activity and inflation had accelerated while the labour market still showed signs of resilience. Although Copom felt that cutting rates was the appropriate move for now, it said the
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