Brazil’s Copom cut the Selic rate by 0.25 point to 14%, a fourth straight quarter-point cut, with a mildly hawkish tone that left September open.
Economy: Brasília
Key Facts
—Decision. The Copom, the rate-setting committee of Brazil’s central bank, cut the benchmark Selic rate by 0.25 percentage point to 14.00%.
—Streak. It was the fourth straight quarter-point cut, bringing the total easing to one full point from a 15.00% peak.
—Tone. Analysts read the statement as trimmed and mildly hawkish: the committee eased, but signalled caution about moving too fast.
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