Brazil's Central Bank Cuts Selic Interest Rate to 13.75%

Brazil's Central Bank lowered its benchmark policy rate, the Selic, to 13.75%, marking an interest rate cut. The decision was made at a time when signs of a slowdown in the country's economy have become more pronounced. Inflation remaining above target stands out as a notable factor for monetary policy. While the Bank responds to the weakening in economic activity with the rate cut, it also takes into account risks to price stability. This reduction in the Selic rate is being closely monitored by market participants. How the decision will affect the balance between economic growth and inflation will become clear in the coming period. Not investment advice.