PrintBrazil central bank cuts interest rates by 25 bp as expected
BY Reuters | ECONOMIC | 04/29/26 05:44 PM EDTSAO PAULO, April 29 (Reuters) - Brazil's central bank cut interest rates by 25 basis points on Wednesday for the second straight meeting, as widely expected, despite a deterioration in the inflation outlook triggered by the U.S.-Israel war against Iran.
The central bank's rate-setting committee, called Copom, voted unanimously to lower its benchmark Selic rate to 14.50%, in line with the expectations of 31 out of 35 economists surveyed by Reuters.
Policymakers, who had also delivered a 25-basis-point cut at the previous meeting, again offered no forward guidance. (Reporting by Isabel Teles Editing by Brad Haynes)
