Brazil cuts rates for a fourth time in a row
BCB’s policy statement shorter and more focused than previous decision, analyst says
The Central Bank of Brazil (BCB) has cut rates by a quarter point for the fourth meeting in a row.
The bank’s monetary policy committee, known as Copom, voted unanimously on August 5 to lower the benchmark Selic rate to 14%. In a statement, the bank said that the current economic environment was marked by heightened uncertainty, a deanchoring of inflation expectations and elevated risks.
Brazil’s central bank, which has delivered cumulative easing of 100 basis points since March, did not provide
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