Brazil's Copom minutes urged 'serenity and caution' after cutting the Selic to 14%, leaving September open and the market split on the next move.
Brazil · Economy
Key Facts
Rate cut Brazil’s Copom lowered the Selic by 0.25 point to 14.00% on August 5, 2026.
Fourth cut This was the fourth consecutive quarter-point reduction, one full point below the 15.00% peak.
Cautious tone The minutes stressed “serenidade e cautela” and said policy must stay restrictive for longer.
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By Paulo Trevisani and Nicholas G. Miller
