Brazil's Ibovespa ended flat at 168,277.55 on June 18 as a Selic cut to 14.25% met global caution after the U.S. Fed's harder line on rates.

Ibovespa lags a global relief rally as oil sinks toward $83 and Brazil counts down to a make-or-break double rate decision from the Fed and its own central bank.

The Bovespa Index is down 766.66 points or 0.45% today to 169648.47

The Ibovespa fell 0.45% to 169,648 on Tuesday, a third straight decline onto its long-term floor, as Brazil waited on twin rate decisions from the Fed and its own central bank.

Brazil's central bank cuts the Selic rate to 14.25% for a third consecutive meeting, continuing a cautious easing cycle from a near 20-year high of 15%.

Brazil's central bank cut its benchmark Selic rate to 14.25% but hardened its language on inflation, hinting the long cutting cycle may be near its end.

Ibovespa falls a third day to 168,453 as a hawkish US Fed jolts world markets, even as Brazil's central bank delivers its third straight rate cut to 14.25%.

Brazil's Ibovespa ended flat at 168,277.55 on June 18 as a Selic cut to 14.25% met global caution after the U.S. Fed's harder line on rates.

The Bovespa Index is down 2799.05 points or 1.64% this week to 168333.61