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Brazil Still Has Room for More Interest Rate Cuts, Says Finance Minister

Durigan said the government is blocking 23 billion reais to help curb inflation as the central bank weighs further easing.

Summary by WTVB
SAO PAULO/BRASILIA, June 18 (Reuters) – Brazil’s Finance Minister Dario Durigan said on Thursday that there was still room ​for further interest rate cuts in ‌Brazil, but emphasized that it was the central bank’s prerogative. Brazil’s central bank on Wednesday cut rates at a third straight meeting to 14.25% ‌and ​left its next steps ⁠open, despite acknowledging ⁠a worsening inflation outlook, with higher projections and rising upside risks to co…

13 Articles

Free Malaysia Today NewsFree Malaysia Today News
+2 Reposted by 2 other sources
Lean Right

Brazil cuts benchmark rate again despite inflation pressure

The so-called Selic rate, one of the highest in the world, was reduced as expected by a quarter point to 14.25%.

·Kuala Lumpur, Malaysia
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Lean Right

The Central Bank reduced the Selic rate by 0.25 percentage point in the Monetary Policy Committee (Copom) this Wednesday, from 14.50% to 14.25% per year, in unanimous decision. The movement was expected by the majority of the financial market and represented the third consecutive cut of this magnitude of the interest relief cycle started in March, when Selic was at 15%. With the fall, the rate is equal to the same level of May 2025. The BC, howe…

·Brazil
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ReutersReuters
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Center

Brazil central bank to cut interest rates by another 25 basis points on June 17

·New York, United States
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Brazilian Finance Minister Dario Durigan said on Thursday (June 18, 2026) that he still sees room for further cuts in the benchmark interest rate, the Selic. On Wednesday (June 17), the Copom (Monetary Policy Committee) cut the rate by 0.25 percentage points, bringing it to 14.25% per year. According to him, the government has contributed to reducing inflation with targeted measures and fiscal responsibility, which could pave the way for monetar…

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The Central Bank's (CB) Monetary Policy Committee (Copom) reduced the Selic Rate by 0.25 percentage point on Wednesday (17) from 14.50% to 14.25% per year. This is the third consecutive time that the Committee reduces interest. Related news:Productive sector entities charge higher cuts from Selic.The BC uses Selic, the basic economic interest, as an instrument to reduce the pace of economic activity and, with this, try to control inflation.When …

·Quadra, Brazil
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Reuters broke the news in New York, United States on Tuesday, June 16, 2026.
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