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Brazil Cuts Selic to 13.75% and Leaves Next Move Open
Vera
By Vera
Markets Editor
Brazil’s Central bankThe institution that sets monetary policy for a country or currency area, including interest-rate decisions that can move currencies.Read More unanimously cut the Selic rate by 25 basis points to 13.75%, extending a gradual easing cycle that began in March. The fifth consecutive quarter-point reduction followed softer InflationA broad rise in prices that reduces money’s purchasing power. Central banks watch inflation because it affects interest-rate decisions.Read More, including a 0.32% monthly fall in the IPCA in August and a 4.22% annual rate. The Copom nevertheless retained cautious guidance, saying the total size of the calibration cycle will depend on new information as international VolatilityHow quickly and how far price moves. It creates opportunity and risk in the same breath.Read More, domestic Fiscal PolicyFiscal Policy refers to the method by which governments adjust their levels of spending and taxation to directly influence the economy. The term belongs in Level 7 because it he...Read More and inflation risks remain elevated.
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