Brazil Cuts Selic Rate to 12.75% in New Move

Today, Brazil’s Monetary Policy Committee (Copom) reduced the Selic rate by 0.5%, bringing it to an annual 12.75%. This is the lowest since June 2022. The market had predicted this change. It’s the second cut of the same size. Experts foresee the rate dropping to 11.75% by year-end. The Central Bank uses this rate to […]

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