The Ibovespa index took a significant hit, closing 1% lower at 128,188.34 points after the Central Bank of Brazil (Copom) trimmed the Selic rate to 10.50% per annum. The reduction by 0.25 percentage points, down from 10.75%, surprised markets and signaled a cautious approach to monetary easing. This slight rate cut amplified investor concerns, leaving […]
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